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Online Payday Personal Consumer Loans up to $2,500

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Current Payday Lenders in Virginia – Terms, Rates, Legislation

The list of payday lenders in Wyoming

  1. Check City

    • Website:
    • Address: 970028, Orem, UT 84097
    • Service: Online/Offline
    • States: Alabama, Alaska, California, Colorado, Hawaii, Idaho, Kansas, Missouri, Nevada, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming
  2. ACE Cash Express

    • Website:
    • Address: 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062
    • Service: Online/Offline
    • State: California, Delaware, Florida, Idaho, Kansas, Louisiana, Minnesota, Missouri, New Mexico, Ohio, Texas, Virginia
  3. Open Cash Advance

    • Website:
    • Address: 30 N GOULD ST, STE R, Sheridan, WY 82801
    • Service: Online
    • State: Almost all US states
  4. Check Into Cash

    • Website:
    • Address: 201 Keith Street, Suite 5 Cleveland
    • Service: Online/Offline
    • State: Alabama, Alaska, California, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Kansas, Louisiana, Mississippi, Missouri, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming
  5. Payday Champion

    • Website:
    • Address: 412 Main St. #420 Houston, TX 77002
    • Service: Online
    • State: Almost all US states
  6. MoneyLion

    • Website:
    • Address: 30 West 21st Street Ninth Floor New York, NY 10010 USA
    • Service: Online
    • State: Almost all US states
  7. iPaydayLoans

    • Website:
    • Address: Unknown
    • Service: Online
    • States: All US states
  8. 1F Cash Advance

    • Website:
    • Address: 1942 Broadway St., STE 314C, Boulder, CO 80302
    • Service: Online
    • States: California, Colorado, Florida, Illinois, Kansas, Kentucky, Michigan, Missouri, New Jersey, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia, Wisconsin, Washington

Are payday loans legal in Virginia?

Virginia allows payday loans. 2020 saw Virginia has altered the law. According to HB 789 the term “payday loans” was changed to “short-term loans.” The maximum amount was up to $2,500.

The min and max terms of such small loans were limited to 4 months and 24 months. The state impose APR caps at 36%. Criminal actions are banned.


  • Legal Status: Legal
  • Interest Rate (APR): 36%
  • Minimum Amount: Not specified
  • Maximum Amount: $2,500
  • Minimum Term: 4 months
  • Maximum Term: 24 months
  • Number of Rollovers: Not allowed
  • Number of Outstanding Loans: Not allowed
  • Installment: Allowed
  • Finance Charges:
    • The maintenance fee up to 8% or $25 (monthly)
    • Total costs are not more than 50%
    • The late fee is $20
    • No verification fee
  • Statute of Limitations: 5 years (from the last payment)
  • Database Loan Tracking: Yes

Am I eligible for a payday loan in Virginia?

  • You have to be at least 18 years old;
  • There is no credit score requirement;
  • You will need to show proof of regular income;
  • Have a bank account;
  • US citizen or permanent resident.

Payday loan amounts in Virginia

The max. Virginia payday loan amount is $2,500. Additionally, you can only have only one short-term lending option out at a time. If you issue a payday loan for less than $2,500, you can’t borrow more until you’ve paid back the first one.

Maximum term for a payday loan in Virginia

The Virginia laws concerning payday loan allow a max term equal to 24 months. The regulations also require that your loan term should be at least 4 months (what is the greater of 5% of your gross monthly income or 6% of your net monthly income).

Rates, fees and other charges in Virginia

The Virginia laws allow lenders withdraw up to 36% interest annually on the loan body. Additionally, lending services can withdraw a monthly provision charge equal to the lesser of $25 and 8% of your loan body.

Divide up a repayment schedule for at least 4 months. It is more affordable than a traditional payday loan. However, it’s still significantly more cost-effective than many other installment loans, like personal loans, auto loans, and mortgages.

Image you borrow a $1,500 short-term loan to be repaid within 5 monthly installments. The lender withdraws 36% interest on the loan body plus a $25 monthly provision fee. You’d pay $137.66 in interest and $125 in provision fees. It is equal to a $262.66 finance fee and an APR of roughly 43%.

That’s much lower than offered by classic payday loans. It regularly reaches APRs three-fold, but it’s still not quite favourable.

What is the statute of limitations on a payday loan in Virginia?

Virginia payday lending is legal in correspondence with Va. Code Ann. §§ 6.2-1800 et seq.

In order to serve the state, payday lenders are required to get in-license through the Virginia State Corporation Commission. It doesn’t relate to the fact a lender’s physical presence or absence in the state.

Online payday lenders have to get a Consumer Finance License.

Consumer info

We collect some rights for future clients with the desire to issue a payday loan in Virginia:

  • A client has the right to reject your payday loan any time within several hours.
  • A person has the right to repay the lending option in installments before it’s due.
  • You have the agreement to be signed, dated bills for each payment you get, a statement of the remaining amount.
  • You have the right to pay the loan back in full before the due date without extra charges.

More information

the Virginia State Corporation Commission (SCC.) is regulatory department of the Bureau of Financial Institutions. This department controls and managers state laws in relation to banking and savings institutions, as well as mortgage brokers and lenders, inclusively of payday lenders and others.

The legislation came into force on July 1, 2002. It allowed licensed by the State Corporation Commission (SCC) payday lenders to start such business on that date.