Payday Loans in Austin, Kentucky

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No payday loan companies in Austin, KY. Consider companies in other cities:

Company nameAddressZip codePhone number
Kentucky Bank 144 South, KY-7, Sandy Hook, KY 41171 +1 (606) 738 - 5163
World Finance 544 Conestoga Pkwy Suite 4, Shepherdsville, KY 40165 +1 (502) 543 - 1550
First Financial Bank 6081 Limaburg Rd, Burlington, KY 41005 +1 (859) 525 - 7720
Cash Express 330 Main St, Cadiz, KY 42211 +1 (270) 522 - 4050
Cash Express 311 US Hwy 62 Suite B & C, Princeton, KY 42445 +1 (270) 365 - 1708
Your Hometown Federal Credit Union 2338 US-45, Mayfield, KY 42066 +1 (270) 247 - 6458
United Citizens Bank & Trust 5364 S Main St, Eminence, KY 40019 +1 (502) 518 - 9152
Doctor Payday 423 Broadway St, Paintsville, KY 41240 +1 (606) 789 - 7779
Purpose Financial 5187 Hinkleville Rd Suite F, Paducah, KY 42001 +1 (270) 443 - 3113
Cash Express 1413 S Dixie Blvd, Radcliff, KY 40160 +1 (270) 351 - 2767

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Austin, KY, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Florence, KY, Payday Loan Without a Credit Check in Georgetown, KY, Payday Loans in Hopkinsville, KY, Emergency Loan in Louisville, KY, Payday Loans in Owensboro, KY and Payday Loan Companies in Richmond, KY. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Austin, KY.

Payday Loans Available in Austin, KY By The Following ZIP Codes:

42123

Are Payday Loans Legal In Austin, Kentucky?

Loan Rates and Fees, Laws and Regulations in Kentucky.

Kentucky Loan Regulations

Legal StatusLegal (Applies to check cashers only)
Interest Rate (APR, %)460
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term60 days
Number of Rollovers Allowed0
Finance Charges$15 per $100

Austin, KY payday loan calculator

Understanding Payday Loans in Austin, Kentucky

Payday loans are short-term loans that allow borrowers to obtain funds quickly and repay them, usually with a postdated check or electronic funds transfer, within a few weeks. They are often used by those who need a quick infusion of cash for emergency situations or unexpected expenses.

If you’re considering a payday loan in Austin, Kentucky, it’s important to understand the laws and regulations that apply.

Legal Status of Payday Loans in Austin, Kentucky

In Kentucky, payday loans are legal but only for check cashers. This means that traditional banks and credit unions do not offer payday loans. Only licensed check cashers can operate as payday lenders in Austin and throughout Kentucky.

The Kentucky Revised Statutes Chapter 286.9-010 et seq. outlines the regulations that all payday lenders must follow. These regulations apply to all payday lending transactions that take place within the state.

The Application Process for a Payday Loan in Austin, Kentucky

The process for obtaining a payday loan in Austin, Kentucky is relatively straightforward. First, the borrower must provide proof of identification and income verification, such as a recent paycheck stub. They must also provide a post-dated check or authorization for electronic funds transfer.

The lender will evaluate the borrower’s application and determine the loan amount and fees. The loan amount is typically a percentage of the borrower’s next paycheck. When the loan is due, the lender will cash the post-dated check or electronically withdraw the funds from the borrower’s account.

The Cost of a Payday Loan in Austin, Kentucky

Payday loans in Austin, Kentucky can be expensive. Lenders are allowed to charge a maximum APR of 390%. This means that on a $100 loan, a borrower could pay up to $15 in fees and interest for a two-week loan term.

Borrowers should be aware of the total cost of the loan, including any fees or charges, before agreeing to the loan terms. They should also consider other alternatives, such as personal loans or credit cards, before taking out a payday loan.

Benefits of Payday Loans in Austin, Kentucky

Despite the high cost, payday loans can provide several benefits for borrowers in need of quick cash. Some of the benefits include:

  • Quick access to funds in emergency situations
  • No credit check required
  • No collateral needed
  • Easy application process

Interesting Facts and Statistics About Payday Loans in Austin, Kentucky

There are several unique facts and statistics about payday loans in Austin, Kentucky. Here are a few of the most interesting:

  • As of 2019, there were 536 payday lending locations in Kentucky.
  • The average payday loan in Kentucky is $326.
  • Kentucky is home to several payday lenders that operate nationally, including ACE Cash Express and Check Into Cash.

Apply Now for a Payday Loan in Austin, Kentucky

If you’re considering a payday loan in Austin, Kentucky, TheGuaranteedLoans can help. We are a lender-connecting service that can help you find a licensed payday lender in your area.

With our easy-to-use online application, you can get started today. Simply fill out our application form, and we’ll connect you with a lender who can provide the funds you need for your emergency situation.

Remember, payday loans can be expensive, so be sure to consider all your options before taking on any debt.

Apply now and get the funds you need quickly and easily with TheGuaranteedLoans.

F.A.Q.

Can I apply for a payday loan online in Austin, Kentucky?

Yes, you can apply for a payday loan online in Austin, Kentucky, as long as the lender is licensed to operate in the state.

Do I need a bank account to take out a payday loan in Austin, Kentucky?

Yes, you will need a valid bank account to take out a payday loan in Austin, Kentucky.