Personal loans in North Dakota
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
North Dakota personal loan rules at a glance
| Governing law | The Money Brokers Act covers anyone who arranges or provides loans to North Dakota residents. (N.D.C.C. ch. 13-04.1) |
|---|---|
| Rate cap | Finance charges may not exceed 36% a year, including all charges and fees needed to get the loan at origination. Late or missed-payment fees may not exceed 5% of the payment, and no more than $20 per late payment on loans of $50,000 or less. (N.D.C.C. § 13-04.1-09.3(1)-(2)) |
| License required | A money broker license from the Department of Financial Institutions is required to arrange or make loans to North Dakota residents, unless exempt (such as banks and credit unions). (N.D.C.C. §§ 13-04.1-02, 13-04.1-02.1) |
| Loan sizes covered | The 36% cap applies to licensed loans of any size. Extra limits apply to loans under $2,000: equal installments, a maximum term of 36 months, no balloon payment, refinance fees capped at $100 per calendar year, and extension or deferment charges capped at $100 per calendar year. (N.D.C.C. § 13-04.1-09.3(4)) |
| Origination / other fees | Origination fees count toward the 36% annual cap. (N.D.C.C. § 13-04.1-09.3(1)) |
Bad credit loans in North Dakota
Bad credit doesn't automatically rule you out in North Dakota. 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.
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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 |
|---|---|
| Minnesota | Greater of 21.75% APR or 33% to $1,425/19% above; small loans 50%. |
| Montana | Licensed consumer lenders may charge no more than 36% a year interest, plus limited deferral and late fees. |
| South Dakota | 36% APR cap, all fees included, for every licensed money lender. |
Personal Loans by city in North Dakota
Counties in North Dakota
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Also see: Payday Loans in North Dakota · Title Loans in North Dakota · All North Dakota loan options
Frequently asked questions
Is there a cap on personal loan interest rates in North Dakota?
36% APR cap (including origination charges) for licensed lenders; loans under $2,000 limited to 36 months with equal payments.
Do personal loan lenders need a license in North Dakota?
A money broker license from the Department of Financial Institutions is required to arrange or make loans to North Dakota residents, unless exempt (such as banks and credit unions).
Can I get a personal loan with bad credit in North Dakota?
Yes, some lenders in our network work with fair or bad credit, but approval is not guaranteed and rates are higher. Licensed lenders in North Dakota 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.
Can I get a personal loan in North Dakota 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. North Dakota residents can see if they qualify for $100 to $5,000 in about 3 minutes.
What credit score do I need for a personal loan in North Dakota?
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 North Dakota with our free 3-minute form.
How can I get an emergency loan in North Dakota?
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.
How do installment loans work in North Dakota?
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. North Dakota residents can see installment loan offers with our free 3-minute form.