Personal loans in Maryland

Laws verified 2026-10-25 against official sources · How we verify

33% APR on first $1,000 (loans to $2,000); 24% otherwise. Through our network you can request offers from about $100 to $5,000; amounts, rates and terms depend on the lender and your credit.

Request a personal loan in Maryland

✓ Free to use✓ About 3 minutes✓ No obligation✓ Bad credit OK to apply

1 Choose an amount and fill out the form
2 Get matched with a lender in our network
3 Review your offer and get funded, often next business day

Tip: apply on a weekday morning for the best chance of funding by the next business day.

No hard credit inquiry on our end; lenders may check your credit. Not a lender; approval, amount and terms come from the lender. Example: $1,000 over 12 months at 35.99% APR ≈ $100.46/month.

$103,678

Median household income

9.5%

Residents below poverty line (approx.)

320

Credit-union branches

1,137

FDIC bank branches

Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.

Maryland personal loan rules at a glance

Governing law	Maryland Consumer Loan Law, Commercial Law Title 12, Subtitle 3. (Md. Code, Com. Law § 12-306)
Rate cap	Interest on loans of $2,000 or less is capped at 2.75% a month (33% a year) on the first $1,000 and 2% a month (24% a year) on the rest; loans over $2,000 are capped at 2% a month (24% a year) on the whole loan. Interest must be computed on the actual unpaid balance, with no interest in advance or compounding. If principal is still unpaid 6 months after maturity, interest drops to 6% simple a year. (Md. Code, Com. Law § 12-306(a)(6),(b),(d))
License required	Most consumer lenders must be licensed by the Commissioner of Financial Regulation; licenses can be checked on NMLS Consumer Access. (Md. Code, Fin. Inst. Title 11)
Loan sizes covered	The rate limits apply to anyone lending $25,000 or less (subject to certain exceptions). (Md. Code, Com. Law Title 12)

Bad credit loans in Maryland

Bad credit doesn't automatically rule you out in Maryland. Many lenders in our network look at your income and bank activity, not just your score, and offer personal installment loans of $500 to $5,000 to borrowers with fair or poor credit. Rates are higher than prime offers, so compare the monthly payment and total cost before you accept. More on bad-credit loans.

Estimate your monthly payment

Personal / installment loan calculator

Loan amount ($) APR (%) Term (months) Origination fee (%)

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Total interest–

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Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.

Compare neighboring states

Lenders must follow the law of the state where you live, not where you visit.

State	Rate cap
Delaware	No cap; licensed lenders may charge any rate the agreement states.
Pennsylvania	Licensed consumer discount companies: $9.50 per $100 yearly add-on plus fees; unlicensed: 6%.
Virginia	36% simple annual interest on licensed $300-$35,000 installment loans.
West Virginia	31% up to $3,500; 27% to $15,000; 18% above.
District of Columbia	24% a year cap; licensed money lenders must include all fees.

Personal Loans by city in Maryland

Baltimore Columbia Germantown Frederick Waldorf Silver Spring Ellicott City Glen Burnie Gaithersburg Bethesda Rockville Dundalk Towson Severn Bel Air South Bowie Aspen Hill Wheaton North Bethesda Potomac Odenton Hagerstown Catonsville Annapolis Essex Woodlawn Severna Park Clinton Owings Mills Randallstown Olney Chillum College Park Pasadena Montgomery Village Pikesville Salisbury Middle River Eldersburg Bel Air North Milford Mill Parkville Clarksburg Laurel Crofton South Laurel Perry Hall Ilchester Carney Lochearn Ballenger Creek Elkridge Fairland Reisterstown North Laurel Fort Washington Edgewood Greenbelt Landover Arnold Cockeysville North Potomac Suitland Camp Springs Arbutus Langley Park Hyattsville Westminster Rosedale Maryland City Beltsville Cumberland Redland East Riverdale Seabrook Lake Shore Oxon Hill Damascus Takoma Park Calverton Ferndale Adelphi White Oak Easton Aberdeen Parole Glenmont Glassmanor Cloverly Brooklyn Park Mays Chapel Hillcrest Heights Rossville Elkton Bensville Summerfield Havre de Grace Colesville Linganore Accokeek Lake Arbor Urbana Joppatowne Kettering Flower Hill Glenn Dale Brock Hall Green Valley New Carrollton Lexington Park Westphalia Cambridge California Kemp Mill Overlea Rosaryville Ocean Pines Honeygo Largo Riviera Beach Brandywine Annapolis Neck Travilah Lanham Mitchellville Linthicum Fort Meade Friendly White Marsh Walker Mill Halfway La Plata Bel Air Scaggsville Forestville Timonium Marlton Burtonsville Fallston

Counties in Maryland

Show all 24 counties

Also see: Payday Loans in Maryland · Title Loans in Maryland · All Maryland loan options

Frequently asked questions

Is there a cap on personal loan interest rates in Maryland?

33% APR on first $1,000 (loans to $2,000); 24% otherwise.

Do personal loan lenders need a license in Maryland?

Most consumer lenders must be licensed by the Commissioner of Financial Regulation; licenses can be checked on NMLS Consumer Access.

Can I get a personal loan with bad credit in Maryland?

Yes, some lenders in our network work with fair or bad credit, but approval is not guaranteed and rates are higher. Licensed lenders in Maryland must follow the state's consumer-lending rules shown above; tribal and bank-partner lenders may follow different rules, so compare the APR on every offer.

How do installment loans work in Maryland?

You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Maryland residents can see installment loan offers with our free 3-minute form.

How can I get an emergency loan in Maryland?

Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.

What credit score do I need for a personal loan in Maryland?

There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Maryland with our free 3-minute form.

Can I get a personal loan in Maryland with bad credit?

Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Maryland residents can see if they qualify for $100 to $5,000 in about 3 minutes.