Rhode Island Payday Loan
When so many lenders to research, one can only spend much time before it seems overwhelming. Get informed with SameDayPayday and let us help with your selection. Our site offers in-depth company profiles and user reviews of the top cash advance lenders in the US. Or use our city links to find a local store near you.
SameDayPayday.com has been a favorite for many residing in The Ocean State as customers find relief from their financial emergency. The greatest part about obtaining a loan online is that it’s fast, safe, and convenient, and all from the comfort of your own home. There is no longer any need to worry about how you will make it to your next paycheck. By clicking your mouse and giving some basic information, if approved, you can have your funds directly deposited to your account within one business day.
Laws in Rhode Island regarding Payday Loans
Payday loans are legal in Rhode Island and the state allows a maximum of $500 to the borrower. The minimum loan term is thirteen days and no max. Lenders cannot charge more than 15% interest, which means $15 for every $100 borrowed. In Rhode Island you can have three payday loans out at a time (as long as they don’t total more than $500). No extensions are allowed.
When you compare the number of payday lending companies in Rhode Island to the numbers located in the other states, Rhode Island has the least amount. In 2011, the number was a whopping 25. This is not surprising since Rhode Island is also a small state. Online is another ballgame. In an internet search early 2017, “payday loans Rhode Island” turned up 441,000 hits!
The state motto of Rhode Island is: “Hope.”
Rhode Island Payday Loan - Cities