Virginia Payday Loan

There are many payday loan stores in Virginia. If you want to spend the time, gas and money you could drive around to compare one from the other. Or you could use’s extensive company profiles and user reviews to help find a payday loan that suits your needs. The process takes just a few minutes – fill out a short application to see if you’re approved and funds can waiting in your account within one business day. If you wish to apply in person, use our city pages to find a store near you.

Payday Loan Laws in Virginia

In Virginia, payday loans are legal and industry laws are more standardized in comparison with the rest of the states. The maximum loan that can be taken is $500 with no minimum amount that must be extracted from the lender. A loan make be taken out for terms that last for seven days. The finance charge for a $100 payday loan for 14 days is $26.38. In Virginia you can have only one payday loan out at a time. No extensions are allowed.

Because they are legal, there are hundreds of payday loan centers in the state of Virginia. In 2011, the number of licensed operators was 276. Nowadays, because of the World Wide Web, that number of people searching for loans has increased exponentially. An internet search early 2017 for “payday loans Virginia” turned up 589,000 hits!

The state motto of Virginia is: “Thus always to tyrants.”

Individual states are primarily the ones in charge of regulating payday institutions. The lending industry sits atop the often rocky legal seas. While lenders lobby ardently to enable lending practices, their equally impassioned detractors try to prohibit these short-term loans in the name of consumer protection.

Virginia Payday Loan - Cities