Payday loans in Selma, AL
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Selma, AL.
The median household in Selma earns $33,197 a year, 48% below the Alabama median of $63,999. About 31% of residents live below the federal poverty line, and 54.0% of households rent their home. 13.8% of households have no home internet; our form works on any phone. When an unexpected bill hits before payday, Selma residents can request $100 to $1,000 online in minutes.
Alabama law that applies in Selma
| 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 Selma
Most Selma applicants can finish in one sitting if they have these ready:
- 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 Selma
What Selma borrowers use it for
handle the unexpected the same week
Medical billspay a doctor, dentist or pharmacy bill now
Car repairskeep getting to work while the shop fixes it
Rent duecover a short gap before payday
Loans for your situation
How to get a payday loan in Selma
- 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 Selma
7 FDIC-insured bank branches from 6 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| First Cahawba Bank | 2 | 2610 Citizens Pkwy, Selma 36701 |
| Wells Fargo Bank, National Association | 1 | 2605 Citizens Pkwy, Selma 36701 |
| Trustmark Bank | 1 | 310 Broad St, Selma 36701 |
| PNC Bank, National Association | 1 | 9 Broad St, Selma 36701 |
| Regions Bank | 1 | 1105 Highland Ave, Selma 36703 |
| Marion Community Bank | 1 | 2400 Us Highway 80 W, Selma 36701 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Selma
2 credit-union locations from 2 credit unions.
| Credit union | Location |
|---|---|
| Alabama State Employees | 1102 Singleton Dr, Selma 36703 |
| Mutual Savings | 907 Medical Center Pkwy, Selma 36701 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Dallas County · Personal Loans in Selma · Title Loans in Selma
Frequently asked questions
Can I get a payday loan in Selma, 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 Selma through our network; approval and terms are set by the lender.
How much can I borrow with a payday loan in Selma?
$500 per loan.
How much does a $300 payday loan cost in Selma?
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 Selma?
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 Selma?
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 Selma borrowers in about 3 minutes.
Do payday lenders in Selma check your credit?
Most payday lenders check something, but it often isn't a traditional credit report. Many focus on income and banking history and may use alternative credit data or a soft check instead of a hard pull from the major bureaus. Each lender sets its own process and will tell you what it reviews. Submitting our form is free, and you can see if you qualify in about 3 minutes.
Is a payday loan installment or revolving credit?
A traditional payday loan is neither. It's a single-payment loan: you borrow a set amount and repay it, plus the fee, in one payment on your due date. An installment loan spreads repayment over several scheduled payments, and revolving credit, like a credit card, lets you borrow repeatedly up to a limit. Depending on Alabama rules, lenders may offer payday or installment options. Compare them in about 3 minutes.
How do payday loans work in Selma?
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. Selma residents can start the process online in about 3 minutes.
What is a payday loan in Selma?
A payday loan is a small, short-term loan, usually a few hundred dollars, that you repay in one payment on or around your next payday. Borrowers in Selma can request one online from home instead of visiting a storefront. Through our free form you can be matched with lenders in our network, with amounts depending on the lender and Alabama rules. See if you qualify in about 3 minutes.
Do I need to visit a store in Selma?
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.