Payday Loans in Kentucky (KY)

Known as a highly professional loan broker online in America, Weloans work with the most suitable lenders for payday loans in Kentucky. Check out more details in the following section.

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    15 Best Payday Loans & Cash Advance in Kentucky (KY)

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

    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (775)
      • Address:
      • 650 N Main St Suite 216, Somerset, KY 42501, United States
      • Phone:
      • +1 606-676-0899
      • Open hours:
    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (383)
      • Address:
      • 625 Chestnut Dr Suite 105, Walton, KY 41094, United States
      • Phone:
      • +1 859-485-3000
      • Open hours:
    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (566)
      • Address:
      • 104 Northgate Drive #2, Frankfort, KY 40601, United States
      • Phone:
      • +1 502-352-2225
      • Open hours:
    • 4
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (337)
      • Address:
      • 3525 Frederica St, Owensboro, KY 42301, United States
      • Phone:
      • +1 270-993-8300
      • Open hours:
    • 5
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (305)
      • Address:
      • 130 W Tiverton Way #100, Lexington, KY 40503, United States
      • Phone:
      • +1 859-305-1020
      • Open hours:
    • 6
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (286)
      • Address:
      • 790 N Dixie Hwy #100, Elizabethtown, KY 42701, United States
      • Phone:
      • +1 270-769-0055
      • Open hours:
    • 7
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (393)
      • Address:
      • 1084 E New Circle Rd Suite 200, Lexington, KY 40505, United States
      • Phone:
      • +1 859-293-0411
      • Open hours:
    • 8
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (326)
      • Address:
      • 1744 Hwy 192 West, 1744 KY-192, London, KY 40741, United States
      • Phone:
      • +1 606-878-0003
      • Open hours:
    • 9
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (323)
      • Address:
      • 2780 New Holt Rd Suite C, Paducah, KY 42001, United States
      • Phone:
      • +1 270-366-7004
      • Open hours:
    • 10
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (237)
      • Address:
      • 553 U.S. 31 W Bypass, Bowling Green, KY 42101, United States
      • Phone:
      • +1 270-796-8510
      • Open hours:
    • 11
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (231)
      • Address:
      • 541 W Dixie Ave, Elizabethtown, KY 42701, United States
      • Phone:
      • +1 270-234-8551
    • 12
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (309)
      • Address:
      • 2357 Huguenard Dr #100, Lexington, KY 40503, United States
      • Phone:
      • +1 859-484-1800
      • Open hours:
    • 13
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (301)
      • Address:
      • 4309 Winston Ave, Latonia, KY 41015, United States
      • Phone:
      • +1 859-491-9901
      • Open hours:
    • 14
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (284)
      • Address:
      • 1620 Old Paris Rd #120, Lexington, KY 40505, United States
      • Phone:
      • +1 859-269-8989
      • Open hours:
    • 15
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (275)
      • Address:
      • 309 E Market St Suite 103, Louisville, KY 40202, United States
      • Phone:
      • +1 502-709-9000
      • Open hours:
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    Kentucky Payday Loans Regulations

    • Loan Amount (max)

      $500

    • Loan Term (max)

      60 days

    • Finance Charges

      $15 per $100

    • APR
      460%

    According to regulations in Kentucky, payday loans are Legal.The interest rate can be 460%.You can get payday loans of $500 at most.0 rollovers are allowed. Finance charges is $15 per $100. All borrowers must clear the debt within 10 years (from the last payment).

    How Kentucky Regulates Payday Loan Amounts?

    • According to the state law of Kentucky, a borrower can only take out less than 2 loans at a time from one lender every two weeks
    • At any given time, a borrower is only allowed to have a total of $500 in outstanding loans

    What Are the Finance Charges in Kentucky?

    A two-week loan of $100 cannot have a finance charge of more than $15. Lenders are prohibited to charge over $15 per $100 on the value of the deposit check

    Licensed lenders are not permitted to charge fees for service greater than $15 per $100 on the value of the deposit check. Any fee must be prorated according to the maximum fee of $15. ( (Stat. Ann. 286.9-010 et seq.))

    A $300 payday loan in Kentucky has an APR of 460% (*According to the Center for Responsible Lending 2019)

    How Is the APR Calculated For a $100 Payday Loan in Kentucky?

    If the term is 14 days

    Interest Rate (APR): 460%*

    Loan Cost: $100*460%*(14/365)=$17.6

    To Return: Principal+Loan Cost=$100+$17.6=117.6 

    What Are the Maximum Term for a Payday Loan in Kentucky?

    • The maximum loan term is 60 days.
    • State law prohibits rollovers and all loans must be repaid in time.
    • After repaying an existing loan, borrowers are eligible for a new loan. There is no cooling-off period between loans

    Consumer Information

    Attention!

    Since July 2020, as permitted by the Consumer Financial Protection Bureau (CFPB), lenders are no longer required to verify if a borrower can repay the loan. Before taking out payday loans,  access your current financial situation to see if you have the ability to meet your financial obligations. Default payment penalties can throw you into a never-ending cycle of debts

    • No more than one non-sufficient funds fee can be charged for each defaulted loan; its amount is not specified. The fee amount is not specified.
    • Lenders are allowed to file a court action so as to collect unpaid loans from borrowers.

    You can find more information about payday loans in Kentucky on the website of the Kentucky Department of Financial Institutions

    Besides, borrowers can submit queries and check the status of their payday loans through the Kentucky Deferred Presentment Transaction System

    Receive Kentucky Payday Loans by Cities

    Following is a group of main cities in Kentucky below. Click the city to find details of payday loan lenders to your needs.

    View More Cities →

    Kentucky Payday Loan Calculator

    Find out the amount of money you're going to pay for a Kentucky 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 Kentucky

    Eagle Finance
    4.8
    AllStarAllStarAllStarAllStarHallStar
    (392)
    Loan agency
    Fast Payday Loans
    4.9
    AllStarAllStarAllStarAllStarHallStar
    (270)
    Loan agency
    Heights Finance
    4.9
    AllStarAllStarAllStarAllStarHallStar
    (251)
    Loan agency
    M Dean Owen, CPA, PSC
    4.9
    AllStarAllStarAllStarAllStarHallStar
    (171)
    Accountant