Payday Loans in Alabama (AL)

Acting as a highly professional loan broker online in America, Weloans helps you connect with a long list of lenders for payday loans in Alabama. Find more details below.

$2,500
Get StartedWant to borrow more than $5,000? Click here!
Find Payday Loans Near Me
  • All
  • Payday Loans
  • Installment Loans
  • Personal Loans
  • Title Loans
    Use My Location

    Our Top Online Loan Services

    • AD
      Personal Loans
      4.9
      24/7 Accesssible
      • Various personal loan options
      • Loan amount up to $35000
      • Reasonable rates
      Apply Now →Go to website →
    • AD
      Bad Credit Loans
      4.8
      WeLoans' rating
      • Ideal for borrowers with bad credit
      • No collateral needed
      • Flexible repayment terms
      Apply Now →Go to website →
    • AD
      Cash Advance
      4.8
      WeLoans' rating
      • Decision as fast as several minutes
      • No extra fees required
      • Easy and safe process
      Apply Now →Go to website →

    15 Best Payday Loans & Cash Advance in Alabama (AL)

    Here we collect detailed infos concerning a group of payday loan lenders in Alabama. Click on the button below to get a quote now.

    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (1300)
      • Address:
      • 3782 University Dr NW, Huntsville, AL 35816, United States
      • Phone:
      • +1 256-288-1001
      • Open hours:
    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (898)
      • Address:
      • 5376 Hwy 90 West, Mobile, AL 36619, United States
      • Phone:
      • +1 251-602-1900
      • Open hours:
    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (691)
      • Address:
      • 1518 S McKenzie St, Foley, AL 36535, United States
      • Phone:
      • +1 251-675-7295
      • Open hours:
    • 4
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (680)
      • Address:
      • 1509 Dr, M L King Jr Expy, Andalusia, AL 36420
      • Phone:
      • (334) 277-5549
      • Open hours:
    • 5
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (667)
      • Address:
      • 1085 Ross Clark Cir Ste 1, Dothan, AL 36303, United States
      • Phone:
      • +1 334-673-2220
      • Open hours:
    • 6
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (629)
      • Address:
      • 11519 Memorial Pkwy SW, Huntsville, AL 35803
      • Phone:
      • (256) 469-7635
      • Open hours:
    • 7
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (588)
      • Address:
      • 806 13th St, Phenix City, AL 36867
      • Phone:
      • (334) 297-8470
      • Open hours:
    • 8
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (553)
      • Address:
      • 4710 Moffett Rd, Mobile, AL 36618, United States
      • Phone:
      • +1 251-342-1343
      • Open hours:
    • 9
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (543)
      • Address:
      • 1706 Douglas Ave, Brewton, AL 36426, United States
      • Phone:
      • +1 251-867-7415
      • Open hours:
    • 10
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (533)
      • Address:
      • 508 Martin St N Suite 5, Pell City, AL 35125, United States
      • Phone:
      • +1 205-201-7264
      • Open hours:
    • 11
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (522)
      • Address:
      • 2110 11th Ave, Haleyville, AL 35565, United States
      • Phone:
      • +1 205-397-0400
      • Open hours:
    • 12
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (520)
      • Address:
      • 1960 Government St, Mobile, AL 36606, United States
      • Phone:
      • +1 251-472-0940
      • Open hours:
    • 13
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (500)
      • Address:
      • 3544 US-431 suite d, Phenix City, AL 36867, United States
      • Phone:
      • +1 334-297-1358
      • Open hours:
    • 14
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (481)
      • Address:
      • 1001 S Eufaula Ave, Eufaula, AL 36027, United States
      • Phone:
      • +1 334-687-0001
      • Open hours:
    • 15
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (464)
      • Address:
      • 3117 Moffett Rd, Mobile, AL 36607
      • Phone:
      • (251) 471-3601
      • Open hours:
    View More →

    Alabama Payday Loans Regulations

    • Loan Amount (max)

      $500

    • Loan Term (max)

      31 days

    • Finance Charges

      not more than 17.5% of the amount advanced

    • APR
      456%

    According to regulations in Alabama, payday loans are Legal.The interest rate can be 456%.You can get payday loans of $500 at most.1 rollovers are allowed. A Next business day after repayment cooling-off period is set in case you want to borrow two consecutive loans. Finance charges is not more than 17.5% of the amount advanced. All borrowers must repay the full amount within 6 years (from the last payment).

    What Is the Maximum Loan Amount in Alabama?

    Under Alabama regulations regarding payday loans, the loan amount cannot be higher than $500.

    How Are The Loan Costs Regulated in Alabama?

    For every $100, all the fees combined should be no more than 17.50%. And the APR is 456.25% (“Typical APR based on the average rate for a $300 loan advertised by largest payday chains or as determined by the state regulator, where applicable.” – Center for Responsible Lending 2019)

    How Is the Loan Cost Calculated in Alabama?

    If the loan amount is $200 and the term is 14 days:

    APR: 456.25%

    Loan cost: $200 * 456.25% * (14 / 365) = $35

    Total amount to return: $200 + $35 = $235

    What Is The Maximum Loan Term in Alabama?

    The relevant statute in Alabama sets out that the term should be “not less than 10 days and not more than 31 days” (Code §§ 5-18A-1 et seq.) and allows one payday loan at a time at a given location

    Consumer Information

    Attention

    According to rule changes by the Consumer Financial Protection Bureau, starting from July 2020, lenders are not obligated to check whether a borrower is able to pay back a loan. Think carefully before you decide to borrow a payday loan, and manage your money spending reasonably to avoid debt trap.

      • One rollover is allowed when the borrower fails to repay the loan.
      • There is a cooling-off period of one business day after two consecutive payday loan repayments.
      • There are some restrictions on collection if a loan is delayed or partially repaid. There will be a non-sufficient fund and its maximum amount is $30.
      • Collectors are generally not allowed to take criminal actions against borrowers. But in some cases they are permissible, such as when the repayment check is returned because the account is closed.

    For more information about Alabama payday lending laws and regulations, check out the website of Alabama State Banking Department. This is the regulatory body you can seek help from when you have any questions about small cash loans or want to file a complaint against a lender.

    Take out Alabama Payday Loans by Cities

    We have listed main cities in Alabama below. Click the city to obtain more details concerning payday loan lenders to your needs.

    View More Cities →

    Alabama Payday Loan Calculator

    Find out the amount of money you're going to pay for a Alabama payday loan easily with the calculator below.

    Estimated Payment

    $ null

    • Total Principal Paid:$ 1,000.00
    • Finance charge:$ 255.62
    • APR: 311.00 %

    Payment Breakdown

    Nearby Payday Loans in Alabama

    Advance Cash Loans
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (461)
    Loan agency
    TitleMax Title Loans
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (459)
    Loan agency
    TitleBucks
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (406)
    Loan agency