Rhode Island Payday Loans
You bounce a check or are late on bills and you pay a penalty fee. You get a payday loan and you pay an interest rate. But no matter what it's called or how it's measured, the cost is in dollars. So sometimes payday loans are the cheapest option. This page has what we have found are the lowest online loan rates for people living in Rhode Island. If you know of a online lender with cheaper rates for your state, please contact us.
PaydayOne.com
Finance Charges
| Loan Amount |
Interest and Fees |
Total Due |
APR 14 days |
| $100 | $22.50 | $122.50 | 586.61% |
| $150 | $33.75 | $183.75 | 586.61% |
| $200 | $45.00 | $245.00 | 586.61% |
| $250 | $56.25 | $306.25 | 586.61% |
| $300 | $67.50 | $367.50 | 586.61% |
| $350 | $78.75 | $428.75 | 586.61% |
| $400 | $90.00 | $490.00 | 586.61% |
| $450 | $101.25 | $551.25 | 586.61% |
| $500 | $112.50 | $612.50 | 586.61% |
| $550 | $123.75 | $673.75 | 586.61% |
| $600 | $135.00 | $735.00 | 586.61% |
| $650 | $146.25 | $796.25 | 586.61% |
| $700 | $157.50 | $857.50 | 586.61% |
| $750 | $168.75 | $918.75 | 586.61% |
| $800 | $180.00 | $980.00 | 586.61% |
| $850 | $191.25 | $1041.25 | 586.61% |
| $900 | $202.50 | $1102.50 | 586.61% |
| $950 | $213.75 | $1163.75 | 586.61% |
| $1000 | $225.00 | $1225.00 | 586.61% |
Terms
The maximum payday loan for Rhode Island residents is $1000.The maximum loan term is 41 days.
Requirements
You must be at least 18 years old and have:- A job or proven source of income
- An email address
- A verifiable phone
- A checking account in good standing (PayDay One defines an account in good standing if it shows 30 days of transaction history without any non-sufficient fund transactions, returned checks, overdraft charges, or negative account balances.)
Guarantee
If you find a lower price from another similarly licensed online lender we'll match it.CashCentral.com
Finance Charges
| Loan Amount |
Interest and Fees |
Total Due |
APR 14 days |
| $100 | $25 | $125 | 651.79% |
| $200 | $50 | $250 | 651.79% |
| $300 | $75 | $375 | 651.79% |
| $400 | $100 | $500 | 651.79% |
| $500 | $125 | $625 | 651.79% |
| $600 | $150 | $750 | 651.79% |
| $700 | $175 | $875 | 651.79% |
| $800 | $200 | $1000 | 651.79% |
| $900 | $225 | $1125 | 651.79% |
| $1000 | $250 | $1250 | 651.79% |
Terms
The maximum payday loan for Rhode Island residents is $1000.The maximum loan term is 18 days.
Requirements
You must be at least 18 years old and:- Have been employed three months or longer.
- Take home a minimum of $1,000 monthly (after taxes).
- Have a valid checking account in your name.
- Have current (and valid) home and work telephone numbers.
- Be a U.S. citizen.
Relevant Legal Excerpts for Rhode Island Payday Loans
Section 19-14.4-4 Fees for services.
No licensee shall:
(4) Charge deferred deposit transaction fees in excess of fifteen percent (15%) of the amount of funds advanced.
Section 19-14.4-5.1 Customer checks – deferred deposits.
(a) A check casher may defer the deposit of a personal check written by a customer for a term of no less than thirteen (13) days, pursuant to the provisions of this section. The face amount of the check shall not exceed five hundred dollars ($500).
(b) Each deferred deposit shall be made pursuant to a written agreement that has been signed by the customer and by the check casher or an authorized representative of the check casher. The written agreement shall contain a statement of the total amount of any fees charged for the deferred deposit, expressed both in United States currency and as an annual percentage rate (APR), as required by federal regulations. The written agreement shall authorize the check casher to defer deposit of the personal check until a specific date no less than thirteen (13) days from the date the written agreement was signed and executed. The written agreement shall not permit the check casher to accept collateral.
(c) A roll-over is an extension or deferral of the payment due date of a deferred deposit transaction for the payment of only an additional fee.
(d) The maximum amount of a single customer's check is five hundred dollars ($500).
(e) The maximum aggregate amount of concurrently outstanding checks held by the licensee or its affiliate from the same customer is five hundred dollars ($500).
(f) The maximum number of concurrently outstanding checks held by the licensee or its affiliates from the same customer is three (3).
(g) The maximum number of rollovers permitted is one.
(h) The check casher shall give a duplicate original of the agreement to the customer at the time of the transaction.
DISCLAIMER: The documentation on this site is for informational purposes only and is not intended to be a legal substitute for the official versions. There is no guarantee for accuracy, completeness, or timeliness of the information provided. Refer to the lender for the fees charged or other loan questions. Consult with your legal advisor for help in interpreting individual statutes. All ownership rights for the material not original to this site remain with the respective copyright holders.