Payday loans in Vermont: what's allowed instead
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Vermont payday loan rules at a glance
| Governing law | Licensed lenders may not charge interest or fees above the limits in 9 V.S.A. § 41a or § 46, and a loan that does is unenforceable in Vermont. Loans solicited or made to Vermont residents by mail, phone or online are covered no matter where the loan is legally made. (8 V.S.A. § 2233(a), (b); 9 V.S.A. § 41a) |
|---|---|
| Fees / interest cap | No payday product is allowed. General limits: 18% a year on single-payment loans by Title 8 lenders; other installment loans 24% a year on the first $1,000 and 12% on the rest (or 18% APR on the whole balance, whichever is higher). (9 V.S.A. § 41a(b)(1), (b)(5)) |
Your options in Vermont
Payday loans aren't offered by state-licensed lenders here, but you can still request a personal installment loan of $100 to $5,000 through our form. Installment loans spread repayment over several months, so each payment is smaller. See Vermont personal loans.
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| Massachusetts | Not available | — |
| New Hampshire | Not available | A borrower may not owe a lender more than $500 in payday loan principal at one time. |
| New York | Not available | — |
Personal loans by city in Vermont
Counties in Vermont
Show all 14 counties
Also see: Personal Loans in Vermont · Title Loans in Vermont · All Vermont loan options
Frequently asked questions
Are payday loans legal in Vermont?
Payday loans are banned in Vermont. Non-bank lenders need a DFR license, and licensees may not charge more than the state's 12-24% interest limits; loans above those limits are unenforceable. The Attorney General states payday loans (loans contingent on a postdated payment) are explicitly banned.
How much do payday loans cost in Vermont?
No payday product is allowed. General limits: 18% a year on single-payment loans by Title 8 lenders; other installment loans 24% a year on the first $1,000 and 12% on the rest (or 18% APR on the whole balance, whichever is higher).
How much does a payday loan cost in Vermont?
No payday product is allowed. 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 Vermont borrowers in about 3 minutes.
What do I need to get a payday loan in Vermont?
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 Vermont applicants get a decision in minutes.
Do payday loans in Vermont affect your credit score?
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. Vermont residents can see their options with our 3-minute form.
Can I get a payday loan online in Vermont?
Yes. You can request a payday loan online from anywhere in Vermont, using your phone or computer. Our secure form takes about 3 minutes and connects you with lenders in our network that serve Vermont 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.