North Dakota Payday Loans and Cash Advances

Payday loans are a universal emergency money tool many consumers in North Dakota resort to every once in a while. Short term loans, or small-dollar loans as they are sometimes called, are loans issued without much trouble and no security. They are designed to help you cover a gap in your budget until you get your next paycheck. Their interest rates are high compared to credit cards and union loans, but they are well worth the money because they are right there when you need them and when other crediting options are unavailable to you.

The purpose of this website is to make sure that you get approved for an inexpensively priced payday loan. Read on to learn how we can help you find low-cost payday loan licensees in North Dakota within under an hour.

Are payday loans legal in North Dakota?

Yes, payday loans have legal status in North Dakota, which is fixed in N.D. Cent. Code 13-08-01 et seq. You can take out up to $500 with one loan provider for a term of up to 60 days at the maximal APR of 520%. These regulations protect customers from usury fees.

How to get a payday loan in North Dakota?

If you are of full age, an American citizen and a resident in the state, applying for a loan with an approval guarantee online will only take a jiffy. You will need to fill out a form containing the information about you: your full name, home and work address, telephone numbers, the information about your employer, details about your next payment, and a few other fields that will help us find a lender for you.

You will be asked to submit a valid ID document issued by the state, several payslips and possibly a couple of other documents (scanned or photographed), but without excessive paperwork typical for physical stores.

You will get approval by several lenders and will be able to pick the one with the most attractive fees on the same day. The money (up to $600) will be deposited to your account the latest the next day!

What are the minimal and maximal loans I can count on in North Dakota?

There is no minimal payday loan sum fixed in the statutes; the maximal sum is $500 with one lender and $600 in aggregated loans from different licensees.

What motivates North Dakota citizens to apply for a loan?

Whether you apply for a payday loan to meet regular consumer needs, to go traveling, to buy a gift for your kids, wife, parents, pay for bills or cover other debts, we could not be interested less. The lenders we work with will approve you no matter what you need money for. Bad credit OK.

Users often ask us:

What is the statute on payday loans if you live in North Dakota?

The statute regulating activities of lenders in North Dakota is N.D. Cent. Code 13-08-01 et seq.

What interest rate on payday loans in North Dakota?

The APR percentage is established to be no higher than 520% in the state legislature, but our service will help you find a lender with even lower fees.

How many payday loans can you have in North Dakota?

The number of loans you can take out is not limited in the state, but the subtotal of them needs to remain under $600 and be taken out from different lenders. One rollover is permitted.

Here is how you calculate APR for your loan

To understand how much it will cost you to use your payday loan in North Dakota, you will need to do the following steps:

In the examples below, we have calculated the cost of a maximal loan in the state-issued for the maximal number of days at APR 350%. The highest APR fixed in the state law and enforced by the North Dakota Department of Financial Institutions is 520%, which means that customers find it extremely difficult to find a lender with lower fees. This is how we can help you – leave an application on our site, and we will make sure that you are approved by a lender with a low-interest rate, even if you have a bad credit score.

  • Loan Amount: $500
  • Loan Term: 60 days
  • APR (Annual Percentage Rate): 350%
  • Total Repayments: $787.67
  • Cost of Loan: $287.67

Not sure about how it works? Contact us using a form on our dedicated page, and we will get back to you with the answers on how to get approved for a payday loan in North Dakota within the shortest time frame!