State lending limits and licensing

Why the same loan costs different amounts in different states

There is no single national consumer loan statute in the United States. Each state writes its own small-loan or consumer-finance law, sets its own ceilings, and licenses lenders separately. That is why the identical $1,000 request can come back with different numbers depending on where you live.

Four things vary state by state, and any one of them can change your offer:

• The maximum interest rate. Some states cap consumer loan APRs well below the national market. Where a state's ceiling is lower than our standard pricing, the state ceiling applies to you, not our rate card.
• The maximum amount. A few states cap small-loan principal below $5,000 for this licence type, which limits what we can offer regardless of what you qualify for on credit grounds.
• Permitted terms. Minimum and maximum loan durations are set in statute in several states, so a 24-month term available in one state may not be offered in the next.
• Fee caps. Late fees and returned payment fees are capped by law in most states and prohibited outright in a few.

Our national range, before state caps

The figures below are the widest terms we offer anywhere. Your state may narrow any of them.

Sample pricing. Your exact rate, amount, and term are disclosed in your loan agreement before you sign, and they already reflect your state's rules.

How to find out what applies to you

The fastest and most accurate answer comes from checking your rate. The offer you see has already been run against your state's limits, so nothing on it can exceed what the law where you live permits.

1. Check your rateA soft credit inquiry, about five minutes, and no effect on your credit score.
2. Read the offerThe APR, amount, term, and total repayment shown are the ones your state allows.
3. Check the statute yourself if you want toYour state regulator, listed below, publishes the current consumer lending rules and can confirm what a licensed lender may charge.

States we serve

We hold consumer lending licences in these 32 states.

States we do not serve

We are not licensed in these 18 states and cannot lend to their residents. Anyone contacting you claiming to lend on our behalf there is not genuine, and should be reported to [email protected] and to the FTC at reportfraud.ftc.gov.

Licences and regulators

Each state supervises us through its own agency. If we do not resolve a complaint, you can escalate to the regulator for your state directly.

Which state's rules apply to you

Your state of residence, not where you work, where your employer is registered, or where we are based. If you move mid-loan, the terms agreed at signing continue to apply, but a new application will be assessed under your new state's rules, and if we are not licensed there we could not lend to you again.