Payday Loans in Newton, Massachusetts

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Payday Loan Companies in Newton, MA

Company nameAddressZip codePhone number
American Legion Nonantum Post 440 295 California St 02458 +1 (617) 244 - 0440
Bank of America Financial Center 808 Beacon St 02459 +1 (800) 432 - 1000
Bank of America with Drive-thru ATM 808 Beacon St 02459 +1 (800) 432 - 1000
Citizens Bank 1126 Beacon St 02461 +1 (617) 965 - 8225
Eastern Bank 1255 Centre St 02459 +1 (617) 969 - 2714
First Help Financial 199 Wells Ave 211 02459 +1 (866) 343 - 4345
John Lucien Ohara Fairway Independent Mortgage Corporation Loan Officer 180 Wells Ave Suite 300 02459 +1 (781) 719 - 4679
Main Street Mortgage 85 Wells Ave 02459 +1 (617) 928 - 3027
Metro Credit Union 334 Watertown St 02458 +1 (877) 696 - 3876
New York Life office of John N Hernandez 203 Adams St 02458 +1 (603) 969 - 1725
People's United Bank 33 Austin St 02460 +1 (617) 993 - 3770
Raymond James Financial Services 2345 Washington St 02462 +1 (617) 964 - 0400
Rockland Trust 40 Austin St 02460 +1 (617) 796 - 2000
Superior Funding Corporation 343 Washington St 02458 +1 (617) 938 - 3900
TD Bank 1197 Centre St 02459 +1 (617) 244 - 0559
Webster Bank 792 Beacon St 02459 +1 (617) 558 - 0380

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Newton, MA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in North Andover, MA, Payday Loan Without a Credit Check in Peabody, MA, Payday Loans in Pittsfield, MA, Payday Loans in Plymouth, MA, Payday Loans in Quincy, MA, Payday Loans in Randolph, MA, Payday Loans in Revere, MA and Payday Loans in Salem, MA. 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 Newton, MA.

Beautiful sights of Newton, MA

Payday Loans Available in Newton, MA By The Following ZIP Codes:

02159, 02164, 02258, 02158, 02162, 02161, 02195, 02165, 02458, 02160

Are Payday Loans Legal In Newton, Massachusetts?

Payday Lending is Prohibited in Massachusetts

Massachusetts Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Newton, MA payday loan calculator

What Are Payday Loans?

Payday loans are a type of personal loan that are typically granted with a shorter repayment term. The loans are meant to be used to cover unexpected expense such as medical bills, auto repair costs, or to make a large purchase. Payday loans typically have higher interest rates than other loans and short repayment terms, usually 14-30 days. Although payday loans can provide needed funds in an emergency situation, they are not suitable for everyone, and borrowers should always consider other options before taking out a loan.

Are Payday Loans Legal in Newton, Massachusetts?

Unfortunately, payday loans are not legally available in Newton, Massachusetts. As of August 2018, Massachusetts became the latest state to ban these short-term, high-interest loans. Massachusetts joins the 15 other states, plus the District of Columbia, that have outlawed payday loans. In the Commonwealth, consumers are now prohibited from taking out payday loans and lenders are prohibited from offering them.

Alternatives to Payday Loans in Newton, Massachusetts

Although payday loans are not available, there are still options for consumers in Newton, Massachusetts who are in need of financial assistance. Some of the alternatives to payday loans include:

Credit Unions

Credit unions are typically smaller, non-profit financial organizations that tend to offer lower interest rates than banks and other lenders. Credit unions typically offer short-term loans that are designed to help people in emergency financial situations.

Short-Term Loans

Short-term loans are similar to payday loans in that they typically have higher interest rates than other loans, but the repayment terms are typically longer. These loans are typically offered by banks and other lenders and are typically between $500 and $2,500.

Pawn Shop Loans

Pawnshop loans are another option for people who are in need of quick cash. These loans are secured by an item of value that is pawned to the shop. The loan is typically short-term and can be paid off within a month. If the loan is not paid off, the item will be forfeited.

Borrowing from Friends or Family

Another option for those in emergency financial situations is to borrow from friends or family members. This option can be tricky because it can put a strain on relationships if the loan is not repaid. However, if the loan is repaid in a timely manner this option can be a good way to get the funds needed in an emergency.

Conclusion

Although payday loans are not available in Newton, Massachusetts, there are still options available for those in need of emergency funds. Consumers should take the time to weigh all their options before taking out a loan, and they should be sure they can afford to make all their payments on time. Those who are in need of a loan should consider reaching out to local credit unions, looking into short-term loans, considering pawn shop loans, or borrowing from friends or family.

Frequently Asked Questions

Q: Are payday loans legal in Massachusetts?

A: No, payday loans are prohibited in Massachusetts.

Q: What are some alternatives to payday loans?

A: Alternatives to payday loans include credit unions, short-term loans, pawn shop loans, and borrowing from friends or family.

Q: Can I get a loan at a credit union?

A: Yes, most credit unions offer short-term, low-interest loans to members.

Q: Are there any fees associated with short-term loans?

A: Most short-term loans come with fees, including application fees, origination fees, and late payment fees. Borrowers should be sure to read all the terms and conditions before taking out a loan.

Apply Now

If you’re looking for a loan in Newton, Massachusetts, TheGuaranteedLoans can help. We are not a lender, but we can help you connect with trusted lenders who may be able to assist you with your loan needs. To apply, simply fill out our online application and we’ll get to work connecting you with lending partners who may be able to provide you with an affordable loan.

More F.A.Q.

Can I take out a payday loan online in Newton, Massachusetts?

No, even if the lender is located outside of Massachusetts, it is illegal to take out a payday loan online in this state.

Can I take out a payday loan from a lender in another state and use it in Newton, Massachusetts?

No, it is illegal to use a payday loan from another state in Newton, Massachusetts.

How Many Cash Advance Companies are in Newton, MA?

With the help of our service, you will be able to find 16 cash advance companies in Newton, MA

What Cash Advance Companies in Newton, MA are the most popular?

You should check American Legion Nonantum Post 440, Bank of America Financial Center, and Bank of America with Drive-thru ATM. Also, you can start your application online on our website.