Payday loans in Delaware

Payday loans ("short-term consumer loans") are legal in Delaware from lenders licensed by the State Bank Commissioner. There is no rate cap. Instead, the law limits each borrower to five such loans in any 12 months, counted across all lenders through a state database.

$1,000. A short-term consumer loan is defined as $1,000 or less.

No cap. Licensed lenders may charge any interest rate the loan agreement provides, and other state rate limits do not apply.

No more than 5 short-term consumer loans from all lenders in any 12-month period, rollovers and refinancings included. A loan that breaks this rule is void, and the lender may not collect or keep any principal, interest or fees. Lenders must check a state database first.

No more than 4 rollovers of an existing loan. A rollover counts as a new loan toward the 5-per-year limit.

After the maximum rollovers, a lender may enter a 'workout agreement': equal installments over at least 90 days with no added fee, interest or charge.

A lender may not pursue or threaten criminal action over nonpayment, including a returned check or ACH payment.

Yes. You can request a payday loan online from anywhere in Delaware, using your phone or computer. Our secure form takes about 3 minutes and connects you with lenders in our network that serve Delaware 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.

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. Delaware residents can see their options with our 3-minute form.

Most lenders ask for a few basics: you must be a legal adult, with a valid government-issued ID, a steady source of income, an active checking account in your name, and a phone number and email. Some lenders also ask for recent pay stubs or bank statements. Having these ready makes our 3-minute form quick, and many Delaware applicants get a decision in minutes.

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. Delaware residents can start a request now; it takes about 3 minutes.