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

In Maryland, payday loans are not allowed, car title loans are not allowed, and personal installment loans are available from licensed lenders. Below are the verified rules, local lenders and credit unions for all 24 counties and 139 cities with 10,000+ residents.

Request a personal loan in Maryland

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1 Choose an amount and fill out the form
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3 Review your offer and get funded, often next business day

Tip: apply on a weekday morning for the best chance of funding by the next business day.

No hard credit inquiry on our end; lenders may check your credit. Not a lender; approval, amount and terms come from the lender. Example: $1,000 over 12 months at 35.99% APR ≈ $100.46/month.

Payday Loans Not available

Payday loans are effectively illegal in Maryland: anyone lending $25,000 or less may not charge more than the state's rate caps (33% a year on the first $1,000 of small loans), which rules out typical payday pricing.

Personal Loans

33% APR on first $1,000 (loans to $2,000); 24% otherwise.

Title Loans Not available

Car title loans are subject to Maryland's consumer lending laws, licensing and rate caps (33%/24%), so high-cost title loans are not allowed.

Maryland at a glance

6,206,011

Residents

$103,678

Median household income

1,137

FDIC bank branches

320

Credit-union branches

Counties in Maryland

Cities in Maryland

Baltimore Columbia Germantown Frederick Waldorf Silver Spring Ellicott City Glen Burnie Gaithersburg Bethesda Rockville Dundalk Towson Severn Bel Air South Bowie Aspen Hill Wheaton North Bethesda Potomac Odenton Hagerstown Catonsville Annapolis Essex Woodlawn Severna Park Clinton Owings Mills Randallstown Olney Chillum College Park Pasadena Montgomery Village Pikesville Salisbury Middle River Eldersburg Bel Air North Milford Mill Parkville Clarksburg Laurel Crofton South Laurel Perry Hall Ilchester Carney Lochearn Ballenger Creek Elkridge Fairland Reisterstown North Laurel Fort Washington Edgewood Greenbelt Landover Arnold Cockeysville North Potomac Suitland Camp Springs Arbutus Langley Park Hyattsville Westminster Rosedale Maryland City Beltsville Cumberland Redland East Riverdale Seabrook Lake Shore Oxon Hill Damascus Takoma Park Calverton Ferndale Adelphi White Oak Easton Aberdeen Parole Glenmont Glassmanor Cloverly Brooklyn Park Mays Chapel Hillcrest Heights Rossville Elkton Bensville Summerfield Havre de Grace Colesville Linganore Accokeek Lake Arbor Urbana Joppatowne Kettering Flower Hill Glenn Dale Brock Hall Green Valley New Carrollton Lexington Park Westphalia Cambridge California Kemp Mill Overlea Rosaryville Ocean Pines Honeygo Largo Riviera Beach Brandywine Annapolis Neck Travilah Lanham Mitchellville Linthicum Fort Meade Friendly White Marsh Walker Mill Halfway La Plata Bel Air Scaggsville Forestville Timonium Marlton Burtonsville Fallston

Frequently asked questions

Are payday loans legal in Maryland?

How much do payday loans cost in Maryland?

Interest on loans of $2,000 or less is capped at 2.75% a month (33% a year) on the first $1,000 and 2% a month (24% a year) on the rest; loans over $2,000 are capped at 2% a month (24% a year) on the whole loan.

Are title loans legal in Maryland?

Car title loans are subject to Maryland's consumer lending laws, licensing and rate caps (33%/24%), so high-cost title loans are not allowed. The Commissioner has said a title loan is not a pawn transaction.

What interest can title lenders charge in Maryland?

Same caps as other consumer loans: Interest on loans of $2,000 or less is capped at 2.75% a month (33% a year) on the first $1,000 and 2% a month (24% a year) on the rest; loans over $2,000 are capped at 2% a month (24% a year) on the whole loan.

Is there a cap on personal loan interest rates in Maryland?

33% APR on first $1,000 (loans to $2,000); 24% otherwise.

Do personal loan lenders need a license in Maryland?

Most consumer lenders must be licensed by the Commissioner of Financial Regulation; licenses can be checked on NMLS Consumer Access.