Payday Loans in Rhode Island (RI)

Acting as a highly professional online loan broker in America, Weloans partners with the most suitable lenders for payday loans in Rhode Island. Find out more details in the following section.

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    15 Best Payday Loans & Cash Advance in Rhode Island (RI)

    Here we show you detailed infos regarding a list of payday loan lenders in Rhode Island. Click on the button below to get more information.

    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (1664)
      • Address:
      • 25 Enterprise Center, Middletown, RI 02842, United States
      • Phone:
      • +1 800-333-3004
      • Open hours:
    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (766)
      • Address:
      • 848 Newport Ave, Pawtucket, RI 02861, United States
      • Phone:
      • +1 401-722-1113
      • Open hours:
    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (497)
      • Address:
      • 75 Newman Ave, Rumford, RI 02916, United States
      • Phone:
      • +1 401-438-0202
      • Open hours:
    • 4
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (268)
      • Address:
      • 775 Bald Hill Rd, Warwick, RI 02886
      • Phone:
      • (401) 821-4018
      • Open hours:
    • 5
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (240)
      • Address:
      • 1378 W Main Rd, Middletown, RI 02842
      • Phone:
      • (401) 851-6961
      • Open hours:
    • 6
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (235)
      • Address:
      • 400 Warwick Ave Ste. 2, Warwick, RI 02888, United States
      • Phone:
      • +1 401-461-2890
      • Open hours:
    • 7
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (260)
      • Address:
      • 1615 Pontiac Ave Unit 1 & 3, Cranston, RI 02920, United States
      • Phone:
      • +1 401-589-1600
      • Open hours:
    • 8
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (176)
      • Address:
      • 271 Post Rd., Unit E2 & E3, Westerly, RI 02891, United States
      • Phone:
      • +1 401-322-2673
    • 9
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (211)
      • Address:
      • 1700 Diamond Hill Rd Ste B, Woonsocket, RI 02895, United States
      • Phone:
      • +1 401-766-5128
      • Open hours:
    • 10
      4.7
      AllStarAllStarAllStarAllStarHallStar
      (363)
      • Address:
      • 333 Smith St, Providence, RI 02908, United States
      • Phone:
      • +1 866-584-3651
      • Open hours:
    • 11
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (132)
      • Address:
      • 204 S Main St, Woonsocket, RI 02895, United States
      • Phone:
      • +1 401-766-2109
      • Open hours:
    • 12
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (128)
      • Address:
      • 325 Armistice Blvd, Pawtucket, RI 02861, United States
      • Phone:
      • +1 401-725-0387
      • Open hours:
    • 13
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (117)
      • Address:
      • 1744 Mineral Spring Ave Unit 3, North Providence, RI 02904, United States
      • Phone:
      • +1 401-354-5870
      • Open hours:
    • 14
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (97)
      • Address:
      • 1271 N Main St, Providence, RI 02906, United States
      • Phone:
      • +1 401-437-8421
      • Open hours:
    • 15
      4.7
      AllStarAllStarAllStarAllStarHallStar
      (139)
      • Address:
      • 261 Main St, Pawtucket, RI 02860, United States
      • Phone:
      • +1 401-728-3232
      • Open hours:
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    Rhode Island Payday Loans Regulations

    • Loan Amount (max)

      $500

    • Loan Term (max)

      Not specified

    • Finance Charges

      10% of the amount advanced

    • APR
      261%

    According to regulations in Rhode Island, payday loans are Legal.The interest rate can be 261%.You can borrow $500 at most.1 rollovers are allowed. Finance charges is 10% of the amount advanced. People who borrow payday loans must clear the debt within 10 years (from the last payment).

    Rhode Island Payday Loan Amount

    • Borrowers can apply for loans of up to $500.
    • In Rhode Island, a person can only receive three loans per year, each of which cannot exceed $500.

    Rhode Island Rates, Fees, and Other Charges

    "No licensee shall: (4) Charge deferred deposit transaction fees in excess of 10% of the amount advanced." (R.I. Stat. Ann. 19-14.4-4 et seq.)

    In Rhode Island, the real annual percentage rate (APR) for payday loans can reach 261%.

    "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," according to the Center for Responsible Lending 2019.

    How much does a $200 payday loan cost in Rhode Island?

    With a minimum term of 13 days:

    ARP: 261%

    Total Interest Paid: $200*261%*(13/365) = $18.6

    Total Payments: $200+$18.6 = $218.6

    The Maximum Payday Loan Term in Rhode Island

    • In Rhode Island, the minimum loan term is 13 days, but there is no maximum term.
    • A loan can only be rolled over once.

    Consumer Information

    Attention

    Since July 2020, the Consumer Financial Protection Bureau (CFPB) has changed the rule so that lenders are no longer required to check a borrower's ability to repay a loan. Be cautious, assess your financial situation, and avoid falling into a debt trap.

    Take out Rhode Island Payday Loans by Cities

    Following is a group of main cities in Rhode Island below. Click on the city to find details of payday loan lenders according to your requirement.

    View More Cities →

    Rhode Island Payday Loan Calculator

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

    Check `n Go
    4.5
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    (162)
    Loan agency
    Atlantic Home Loans
    4.9
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    (86)
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    AllStarAllStarAllStarAllStarAllStar
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