Installment Loans in North Dakota
How installment loans work in North Dakota
An installment loan gives you the full amount up front and you repay it in equal monthly payments over a set term — often 3 to 36 months. Because repayment is spread out, each payment is smaller than a single lump-sum payday repayment, and you always know your payoff date.
Sample monthly payments
| Amount | 6 months | 12 months | 24 months |
|---|---|---|---|
| $1,000 | $181.54 | $97.48 | $55.91 |
| $2,000 | $363.09 | $194.96 | $111.82 |
| $3,000 | $544.63 | $292.45 | $167.72 |
| $5,000 | $907.72 | $487.41 | $279.54 |
Illustration at 29.99% APR. Your rate and term come from the lender and depend on your credit, income and North Dakota law.
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
North Dakota installment loan rules at a glance
| Governing law | The Money Brokers Act covers anyone who arranges or provides loans to North Dakota residents. (N.D.C.C. ch. 13-04.1) |
|---|---|
| Rate cap | Finance charges may not exceed 36% a year, including all charges and fees needed to get the loan at origination. Late or missed-payment fees may not exceed 5% of the payment, and no more than $20 per late payment on loans of $50,000 or less. (N.D.C.C. § 13-04.1-09.3(1)-(2)) |
| License required | A money broker license from the Department of Financial Institutions is required to arrange or make loans to North Dakota residents, unless exempt (such as banks and credit unions). (N.D.C.C. §§ 13-04.1-02, 13-04.1-02.1) |
| Loan sizes covered | The 36% cap applies to licensed loans of any size. Extra limits apply to loans under $2,000: equal installments, a maximum term of 36 months, no balloon payment, refinance fees capped at $100 per calendar year, and extension or deferment charges capped at $100 per calendar year. (N.D.C.C. § 13-04.1-09.3(4)) |
| Origination / other fees | Origination fees count toward the 36% annual cap. (N.D.C.C. § 13-04.1-09.3(1)) |
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Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Installment Loans by city in North Dakota
Also see: Payday Loans in North Dakota · Title Loans in North Dakota · All North Dakota loan options
Frequently asked questions
Is there a cap on installment loan interest rates in North Dakota?
36% APR cap (including origination charges) for licensed lenders; loans under $2,000 limited to 36 months with equal payments.
Do installment loan lenders need a license in North Dakota?
A money broker license from the Department of Financial Institutions is required to arrange or make loans to North Dakota residents, unless exempt (such as banks and credit unions).
Can I get a installment loan with bad credit in North Dakota?
Yes, some lenders in our network work with fair or bad credit, but approval is not guaranteed and rates are higher. Licensed lenders in North Dakota must follow the state's consumer-lending rules shown above; tribal and bank-partner lenders may follow different rules, so compare the APR on every offer.
How do installment loans work in North Dakota?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. North Dakota residents can see installment loan offers with our free 3-minute form.
How can I get an emergency loan in North Dakota?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
Where can I find a loan for bad credit in North Dakota?
You can apply at local banks and lenders in North Dakota, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
What credit score do I need for a installment loan in North Dakota?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in North Dakota with our free 3-minute form.