Payday Loans in Siluria, Alabama

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No payday loan companies in Siluria, AL. Consider companies in other cities:

Company nameAddressZip codePhone number
Always Money 1803B University Dr NW, Huntsville, AL 35801
Premium Finance 11626 Beach Blvd, Stanton, California +1 (714) 545 - 2081
World Finance 1243 Hwy 231 S, Troy, AL 36081 +1 (334) 566 - 7443
Regional Finance 2801 Mall Rd Suite 9, Florence, AL 35630 +1 (256) 740 - 0611
BB&T 1100 E 3 Notch St, Andalusia, AL 36420 +1 (334) 222 - 8401
Fast Cash 636 US-278, Piedmont, AL 36272
Pls Loan Store 202 S Memorial Dr, Prattville, AL 36067
Advance America 504 Western Bypass, Andalusia, AL 36420 +1 (334) 427 - 1418
Check n Go 2101A Woodward Ave, Muscle Shoals, AL 35661 +1 (256) 314 - 6400
Fast Cash 103 S Broad St, Scottsboro, AL 35768

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Siluria, AL, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Prichard, AL, Short-term Loans in Sylacauga, AL, Payday Loan Without a Credit Check in Talladega, AL, Payday Loans in Troy, AL, Online Loans in Trussville, AL, Emergency Loan in Tuscaloosa, AL, Payday Loans in Valley, AL and Payday Loan for Vestavia Hills, AL. 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 Siluria, AL.

Are Payday Loans Legal In Siluria, Alabama?

Loan Rates and Fees, Laws and Regulations in Alabama.

Alabama Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)456
Maximum Loan Amount$500
Minimum Loan Term10 days
Maximum Loan Term31 days
Number of Rollovers Allowed1
Finance Charges17.5% of the amount advanced

Siluria, AL payday loan calculator

What You Need to Know About Payday Loans in Siluria, Alabama

Payday loans are a short-term loan option that is often used to cover unexpected expenses. These loans are available in Siluria, Alabama, and can provide cash quickly to people who need it. It’s important to be aware of the risks and benefits associated with payday loans before you borrow.

How Payday Loans Work

Payday loans are short-term loans that are meant to be repaid in full when the borrower receives their next paycheck. The loan amounts are usually small, ranging from $100 to $1,000. The borrower provides the lender with a post-dated check or permission for electronic withdrawal from their bank account. This gives the lender the ability to collect the loan amount plus interest and fees on the due date.

Benefits of Payday Loans in Siluria, Alabama

  • Quick and easy application process
  • Convenient cash access to meet unexpected expenses
  • No credit check required (credit scores are not a factor in the loan decision)

Risks of Payday Loans in Siluria, Alabama

  • High interest rates and fees can make repayment difficult
  • Failure to repay the loan can result in collections, legal action, and damage to credit scores
  • Loan rollovers can result in a cycle of debt

Payday Loan Regulations in Siluria, Alabama

Payday loans are legal in Alabama, but the state has laws in place to regulate the industry. The maximum loan amount is $500, and the maximum term length is 31 days. Lenders are prohibited from charging more than 17.5% of the loan amount as a finance charge. Additionally, borrowers are limited to one outstanding loan at a time and may not rollover loans. The Alabama Department of Banking maintains a database of payday lenders that are licensed to operate in the state.

Interesting Facts and Statistics About Payday Loans in Siluria, Alabama

  • In 2019, 1.8 million payday loans were issued in Alabama
  • The average payday loan amount in Alabama is $350
  • Alabama residents pay over $100 million per year in payday loan fees alone

Apply Now

If you’re considering a payday loan in Siluria, Alabama, TheGuaranteedLoans can help. Our online application process is quick and easy, and we will connect you with potential lenders who may be able to provide the cash you need. Remember, TheGuaranteedLoans is not a direct lender, but rather a connector service that facilitates connections between borrowers and lenders. Apply now for a payday loan in Siluria, Alabama.

Disclaimer:

Payday loans may not be available in all states. TheGuaranteedLoans does not make loan offers, but rather serves as a connector service between borrowers and lenders. Loan terms, conditions, and policies vary by lender and state.

F.A.Q.

What are the eligibility requirements for payday loans in Siluria, Alabama?

To be eligible for a payday loan in Siluria, Alabama, a borrower must have a regular source of income and an active checking account. In addition, the borrower must be at least 18 years old and a resident of Alabama.

How much can I borrow with a payday loan in Siluria, Alabama?

The maximum amount that can be borrowed with a payday loan in Siluria, Alabama is $500.