Loans in Georgia: payday, personal & title loan laws (2026)

Payday loans are illegal in Georgia. The Payday Lending Act makes it a crime to make, offer or arrange loans of $3,000 or less unless the lender fits an exception, such as a licensed installment lender or a bank. The Attorney General says no lenders are licensed to make payday loans over the internet in Georgia.

Car title loans in Georgia are made as 'title pawns' under the state's pawnshop law, not under a consumer loan law. They run in 30-day periods and can cost up to 25% of the principal per 30 days for the first 90 days.

Interest plus pawnshop charges may not exceed 25% of the principal per 30-day period for the first 90 days (minimum charge up to $10), then 12.5% per 30-day period after that (minimum up to $5). Limited extra fees are allowed for vehicles: lien registration at cost, storage up to $5 a day after a repossession, and a repossession fee starting at $50.

Loans $3,000 or less need an installment lender license; above $3,000, any written rate.

Yes for loans of $3,000 or less. Anyone who advertises, solicits, offers, makes or services installment loans (loans to an individual of $3,000 or less) must be licensed by the Department of Banking and Finance.