Installment Loans, State by State
The payday alternative for bigger emergencies: one loan, fixed monthly payments, no balloon due date. Pick your state to see the local rules and check offers.
- Fixed payments that fit a monthly budget
- Soft-check prequalification at most lenders
- Bad credit considered — income drives the decision
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Installment loan rules by state
| State | Payday cap (context) | Guide |
|---|---|---|
| Alabama (AL) | $500 | AL installment loans |
| Alaska (AK) | $500 | AK installment loans |
| California (CA) | $300 | CA installment loans |
| Colorado (CO) | $500 | CO installment loans |
| Delaware (DE) | 1 loan at a time | DE installment loans |
| Florida (FL) | $500 | FL installment loans |
| Hawaii (HI) | No fixed dollar cap | HI installment loans |
| Idaho (ID) | 1 loan at a time | ID installment loans |
| Illinois (IL) | No fixed dollar cap | IL installment loans |
| Indiana (IN) | $550 | IN installment loans |
| Iowa (IA) | $500 | IA installment loans |
| Kansas (KS) | $500 | KS installment loans |
| Kentucky (KY) | $500 | KY installment loans |
| Louisiana (LA) | $350 | LA installment loans |
| Maine (ME) | No fixed dollar cap | ME installment loans |
| Michigan (MI) | $600 | MI installment loans |
| Minnesota (MN) | $350 | MN installment loans |
| Mississippi (MS) | $500 | MS installment loans |
| Missouri (MO) | $500 | MO installment loans |
| Montana (MT) | No fixed dollar cap | MT installment loans |
| Nebraska (NE) | $500 | NE installment loans |
| Nevada (NV) | 25% of monthly income | NV installment loans |
| New Hampshire (NH) | No fixed dollar cap | NH installment loans |
| New Mexico (NM) | 10 loans per year | NM installment loans |
| North Dakota (ND) | $500 | ND installment loans |
| Ohio (OH) | 1 loan at a time | OH installment loans |
| Oklahoma (OK) | $500 | OK installment loans |
| Oregon (OR) | $500 | OR installment loans |
| Rhode Island (RI) | $500 | RI installment loans |
| South Carolina (SC) | $550 | SC installment loans |
| South Dakota (SD) | $500 | SD installment loans |
| Tennessee (TN) | $500 | TN installment loans |
| Texas (TX) | No fixed dollar cap | TX installment loans |
| Utah (UT) | No fixed dollar cap | UT installment loans |
| Virginia (VA) | 2 loans max | VA installment loans |
| Washington (WA) | $700 | WA installment loans |
| Wisconsin (WI) | 1 loan at a time | WI installment loans |
| Wyoming (WY) | No fixed dollar cap | WY installment loans |
Guides
Installment loans: FAQ
How is an installment loan different from a payday loan?
A payday loan is one lump repaid on your next payday. An installment loan is $1,000–$5,000 repaid in fixed monthly payments over 6–24 months — larger amounts, smaller individual hits to your budget, more total interest.
What credit score do I need?
Many online installment lenders approve against income and bank history rather than a bureau score, so sub-580 borrowers with steady paychecks get offers. Expect higher APRs the weaker the profile.
What APR should I expect?
Typically 36%–200%+ depending on your state's rate limits and your income profile. Compare several offers — with monthly payments, a few APR points change the total cost a lot.
Are installment loans legal in every state?
Some form of installment lending is legal nearly everywhere, but rate caps and available amounts vary enormously. Your state page below shows the local picture and links to the regulator.
Installment Loan Payment Calculator
Estimated monthly payment on a fixed installment schedule. Tribal lenders price freely — this shows what lender-set APRs really cost per month.
Get Installment Loans Online with All City Payday Loans
Every figure on this page is the legal ceiling computed from state law — the most a licensed lender may charge you. All City Payday Loan matches you with licensed lenders and shows the cost before you commit.
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One short form, several licensed lenders, and the legal cost of your state shown before you commit to anything.
Check My Eligibility →Disclosure. All City Payday Loan is not a lender, not a broker, and does not make credit decisions. Rates and terms are set by third-party lenders and depend on state law and the lender's underwriting; short-term loans carry APRs that may range from 35.99% to 359.99%. A payday loan is a short-term tool for a temporary cash gap — it is not a solution for long-term debt problems. Late or missed payments may result in additional fees and collection activity. Check your lender's license with your state regulator before you sign.