Payday loans in Alabama

Payday loans ("deferred presentment") are legal in Alabama from lenders licensed by the State Banking Department under the Deferred Presentment Services Act, Ala. Code Title 5, Chapter 18A.

$500 per loan.

The fee may not exceed 17.5% of the amount advanced ($17.50 per $100). No other fees are allowed except those the Act authorizes.

A lender may not lend if your outstanding payday loans from all lenders would exceed $500. Lenders must check a statewide database.

One renewal or extension is allowed at the same fee, for a maximum of two continuous transactions.

After the first loan period and one rollover, the full balance is due. Before suing, a lender must offer in writing a repayment plan of four equal monthly payments at no extra cost.

A lender may not threaten criminal prosecution for a bounced payday check unless the check was returned because the account was closed before the day of the loan. A borrower cannot be convicted under the bad-check law for a check returned for insufficient funds.

Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Alabama residents can see their options with our 3-minute form.

The fee may not exceed 17.5% of the amount advanced ($17.50 per $100). Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Alabama borrowers in about 3 minutes.

Yes. You can request a payday loan online from anywhere in Alabama, using your phone or computer. Our secure form takes about 3 minutes and connects you with lenders in our network that serve Alabama residents. If you're approved, funds go straight to your checking account, often by the next business day. There's no cost to apply and no obligation to accept.

You can submit our online form any time, including nights and weekends, and some lenders review requests right away. Funding depends on banking days, though, so money requested on a Saturday or Sunday typically arrives the next business day. Submitting early helps you get in line for the first available deposit. Alabama residents can start a request now; it takes about 3 minutes.