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Rhode Island Payday Loans up to $500
Start a free online application form now to get an instant decision from the best Payday Loan lenders in Rhode Island.
Need a Payday Loan in Rhode Island? More than 300 direct lenders offer unsecured short-term cash advance both online and in-store available even for bad credit. Apply for up to $500 today. Get a guaranteed instant decision in minutes. In case of approval, the money will be deposited into your bank account as fast as tomorrow.
Apply for Payday Loans in Rhode Island from the Best Direct Lenders Online or find a Loan Store near your location.
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Rhode Island Payday Loans Near Me
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Are Payday Loans Legal in Rhode Island?
Loan Rates and Fees, Laws and Regulations in Rhode Island.
Rhode Island residents can apply for $500 Payday loans for minimum of 13 days. Longer terms and higher amount Installment loans ($1000 - $5000) and Personal loans ($5000 - $35,000) are also accessible. They are legal by R.I. Stat. Ann. 19-14.4-1 et seq.1 The APR for a Payday cash advance is a maximum of 260%, the interest – 10%. Three Payday Loans can be borrowed a year with only one possible rollover.
| Law status | legal |
| MIN Loan Amount | None |
| MAX Loan Amount | $500 |
| MIN. Loan Term | 13 days |
| MAX. Loan Term | Not stated |
| MAX APR | 260% |
| Additional fees | $10 |
| NSF fee | None |
| Collateral or guarantor | None, unsecured |
| Number of simultaneous loans | 3 a year |
| Cooling off period | None |
| Rollover | One rollover |
| Extension, repayment plan | Not stated |
| Default penalties | None |
| Credit score requirements | Available for Bad Credit |
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Before you apply for a short-term cash advance online consider other Payday Loan alternatives:
- Installment Loans and Personal Loans online
- Debt Consolidation Loans, Credit Builder Loans, Credit Cards
- Social services and local assistance programs
- Additional part-time jobs or some side gigs and freelance opportunities to earn extra cash
- Recycling for money
- Help from your employer, creditors, family and friends
- Traditional banks or credit unions.
Applying for a short-term Payday Loan you should be very careful and responsible. Plan your budget carefully not to default on the loan. Avoid rollovers, renewals, or extensions. It'll help you get out of Payday debt fast and easy.
Apply for Online Payday Loans and get instant decision from top lending organizations
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It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents the cost of your loan charged for a month. It's more important for the customer as mostly Payday loan are borrowed for a month term and paid off with the next paycheck.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
How Online Payday Loans in Rhode Island work
Any resident of Rhode Island can apply for a Payday Loan both online and in-store. It's quick and simple:
- Pre-qualify with a free online application
- Check the rates and submit the loan request with the most suitable lender
- Once approved, receive the money deposited directly into your bank account the same or the next business day
Requirements to qualify for a Payday Loan in Rhode Island:
What do I need to qualify for a short-term cash advance?
Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:
- Rhode Island (US) residence
- Minimum regular income of $1,000 per month
- Valid checking or savings account with direct deposit
- Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
- Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
- If applying Online, you must provide a valid Social Security Number
- If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
- If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.
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Any comments or reviews made on this website are only individual opinions of the readers and followers of the website. The website and its authors team are not responsible, nor will be held liable, for anything anyone says or writes in the comments. Further, the author is not liable for its’ readers’ statements nor the laws which they may break in the USA or their state through their comments’ content, implication, and intent.
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State Regulator
If you have any questions or want to make a complaint contact the Rhode Island Department of Business Regulation, 1511 Pontiac Ave, Cranston, RI 02920, (401) 462-9500, http://www.dbr.ri.gov/.
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Any comments or reviews made on this website are only individual opinions of the readers and followers of the website. The website and its authors team are not responsible, nor will be held liable, for anything anyone says or writes in the comments. Further, the author is not liable for its’ readers’ statements nor the laws which they may break in the USA or their state through their comments’ content, implication, and intent.