Loans in Montana: payday, personal & title loan laws (2026)
Payday Loans Not available
Montana still has a Deferred Deposit Loan Act, but since Initiative 164 (2010) fees are capped at 36% a year.
Personal Loans
Licensed consumer lenders may charge no more than 36% a year interest, plus limited deferral and late fees.
Title Loans Not available
Montana's Title Loan Act was repealed in 2013.
Montana at a glance
Counties in Montana
Cities in Montana
Frequently asked questions
Are payday loans legal in Montana?
Montana still has a Deferred Deposit Loan Act, but since Initiative 164 (2010) fees are capped at 36% a year. The Division states there are no licensed deferred deposit (payday) lenders in Montana.
How much can you borrow with a payday loan in Montana?
A payday loan must be at least $50 and no more than $300, not counting the fee.
How much do payday loans cost in Montana?
The fee for making or carrying a payday loan may not be more than 36% a year. Returned-payment fees are the only other charge allowed.
Are title loans legal in Montana?
Montana's Title Loan Act was repealed in 2013. A car-secured personal loan is a consumer loan capped at 36% a year, and the Division states there are no licensed title lenders in Montana.
What interest can title lenders charge in Montana?
Vehicle-secured personal loans fall under the Montana Consumer Loan Act, where interest may not exceed 36% a year.
Is there a cap on personal loan interest rates in Montana?
Licensed consumer lenders may charge no more than 36% a year interest, plus limited deferral and late fees.
Do personal loan lenders need a license in Montana?
No one may be in the business of making consumer loans in any amount unless the Consumer Loan Act authorizes it. Banks, savings and loans, trust companies and credit unions are exempt, as is someone making fewer than four consumer loans a year with their own money.