Payday loans in Montgomery, AL
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Montgomery, AL.
The median household in Montgomery earns $56,811 a year, 11% below the Alabama median of $63,999. About 22% of residents live below the federal poverty line, and 45.6% of households rent their home. When an unexpected bill hits before payday, Montgomery residents can request $100 to $1,000 online in minutes.
Alabama law that applies in Montgomery
| Maximum loan | $500 per loan. |
|---|---|
| Fee cap | The fee may not exceed 17.5% of the amount advanced ($17.50 per $100). |
| Rollovers | One renewal or extension is allowed at the same fee, for a maximum of two continuous transactions. |
| Loans at once | A lender may not lend if your outstanding payday loans from all lenders would exceed $500. |
| Payment plan | After the first loan period and one rollover, the full balance is due. |
Full rules with statute citations: Payday Loans in Alabama. Cities in Alabama cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a payday loan in Montgomery
Lenders that serve Montgomery typically ask for the following:
- Be 18 or older (19 in some states) and a US resident
- A government-issued photo ID
- A steady source of income — a job, benefits or self-employment
- An active checking account in your name for the deposit
- A working phone number and email address
Popular loan amounts in Montgomery
What Montgomery borrowers use it for
gifts and travel without maxing a card
Medical billspay a doctor, dentist or pharmacy bill now
Emergencieshandle the unexpected the same week
Car repairskeep getting to work while the shop fixes it
Loans for your situation
How to get a payday loan in Montgomery
- Pick an amount and fill out the short form (about 3 minutes).
- We share your request with lenders in our network that serve Alabama.
- If a lender approves you, you'll see the fee, APR and due date before you sign.
- Funds are deposited to your bank account, often the next business day.
Estimate your cost
How much will I repay?
Alabama caps the fee at $17.5 per $100 (state law).
Estimate only. Your lender shows your exact cost before you sign.
Banks and credit unions in the area
Banks with branches in Montgomery
50 FDIC-insured bank branches from 18 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Regions Bank | 11 | 201 Monroe St, Montgomery 36104 |
| PNC Bank, National Association | 5 | 60 Commerce St, Montgomery 36104 |
| Truist Bank | 5 | 445 Dexter Ave, Montgomery 36104 |
| Wells Fargo Bank, National Association | 4 | 7690 Vaughn Rd, Montgomery 36116 |
| Valley National Bank | 4 | 2740 Zelda Rd, Montgomery 36106 |
| Trustmark Bank | 3 | 4290 Carmichael Rd, Montgomery 36106 |
| Woodforest National Bank | 3 | 851 Ann St, Montgomery 36107 |
| Pinnacle Bank | 2 | 4121 Carmichael Rd, Montgomery 36106 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Montgomery
23 credit-union locations from 9 credit unions.
| Credit union | Location |
|---|---|
| Navy Federal Credit Union | 3311 Malcolm Dr, Montgomery 36116 |
| Max | 401 Monroe St, Montgomery 36104 |
| Alabama One | 340 Technacenter Dr, Montgomery 36117 |
| Guardian | 1789 Cong W L Dickinson Dr, Montgomery 36109 |
| Southern Energy | 244 Dexter Ave, Montgomery 36104 |
| Hope | 400 Arba St, Montgomery 36104 |
| Alabama State Employees | 1000 Interstate Park Dr, Montgomery 36109 |
| Auburn University | 9120 Eastchase Pkwy, Montgomery 36117 |
| Fedmont | 330 Eastdale Cir, Montgomery 36117 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Montgomery County · Personal Loans in Montgomery · Title Loans in Montgomery
Frequently asked questions
Can I get a payday loan in Montgomery, AL?
Payday loans ("deferred presentment") are legal in Alabama from lenders licensed by the State Banking Department under the Deferred Presentment Services Act, Ala. You can request one online from Montgomery through our network; approval and terms are set by the lender.
How much can I borrow with a payday loan in Montgomery?
$500 per loan.
How much does a $300 payday loan cost in Montgomery?
At Alabama's cap of $17.5 per $100, the fee on $300 is $52, so you would repay $352 on your due date.
How fast can I get a payday loan in Montgomery?
The form takes about three minutes and many lenders decide within minutes. If you're approved and sign before the lender's cutoff, funds are often deposited the next business day.
How much does a payday loan cost in Montgomery?
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 Montgomery borrowers in about 3 minutes.
Where can I get a payday loan in Montgomery?
You can visit a storefront in Montgomery or request a loan online without leaving home. Our free form sends one request to multiple lenders in our network, so you don't have to apply store by store. If a lender makes you an offer, you review the terms and decide whether to accept, with no obligation. It takes about 3 minutes to see if you qualify.
Is a payday loan the same as a cash advance?
The terms are often used interchangeably. A payday loan is sometimes called a cash advance because it advances money against your next paycheck. A credit card cash advance is different: you withdraw cash against your card's credit limit, which requires available credit on a card. If you don't have card credit to tap, a payday loan through our network is a fast option. Check your options in about 3 minutes.
How do payday loans work in Montgomery?
You fill out a short online request, a lender reviews your income and banking details, and if you're approved you see the amount, fee and due date before you sign. Funds are typically deposited into your checking account, often by the next business day. On your due date, repayment is usually taken from that same account. Montgomery residents can start the process online in about 3 minutes.
Is a payday loan secured or unsecured?
A payday loan is an unsecured loan. You don't put up a car, home or other property as collateral. Instead, lenders base their decision mainly on your income and checking account, and repayment is usually scheduled from that account on your due date. That keeps the process quick, since there's nothing to appraise. Montgomery residents can see if they qualify in about 3 minutes.
Do I need to visit a store in Montgomery?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.