What Is The Highest Amount For A Payday Loan In Arizona?

Before Payday Loans were banned in Arizona in July 2010, borrowers could receive a maximum loan amount of up to $500.

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Are Online Payday Loans Legal In Arizona?

Since Payday Loans are a controversial loan product, each state has the right to set its own rules regarding these loans. Payday lending in Arizona has been illegal for over 10 years. Currently, 34 US states have laws that allow payday loans, but Arizona is one of the remaining 16 states that explicitly prohibits this type of loan. The Arizona Payday Loan laws state that interest rates cannot exceed 36% on any loan up to $3,000 or less.

What Is The Highest Amount For A Payday Loan In Arizona?

Before Payday Loans were banned in Arizona in July 2010, borrowers could receive a maximum loan amount of up to $500. However, for now, all lenders who wish to operate in Arizona must adhere to 36% APRs for small loans.

Payday Loan Statistics In Arizona

Prior to the ban on Payday Loans in Arizona, the state ranked 16th in the number of complaints about Payday Loans. The most popular reason for submitting a Payday Loan complaint was charging high fees or interest that borrowers did not expect.

Thus, Payday Loans in Arizona were notorious for extremely high interest rates and hidden fees and charges.

The Best Direct Payday Lenders In Arizona

Payday loans have always been the easiest and fastest way to get hardship finance. However, it was the direct lender who could guarantee borrowers the fastest approval and favorable interest rates without having to overpay third parties. At the moment, the lender that offers the best short term loan options is Payday Loan USA Online.

Will I Be Able To Get A Loan Even If I Don't Live In Arizona?

Even though Payday Loans are illegal in Arizona, there are still a huge number of states where you can get funding from Payday Loan USA Online. If you live in Alabama, you can get Payday Loans up to $500 to handle all your emergency needs.

Benefits To Apply For A Loan In Arizona At Payday Loans USA Online

Even though Payday Loans are notorious for their extremely high interest rates, they still have a huge number of benefits. For example, payday lenders approve funding applications almost instantly, and filling out the form usually takes no more than 5-10 minutes.

However, because Payday Loans are no longer legal in Arizona, residents will need to consider other loan options.

Get an instant Payday Loan in any city of Arizona

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By submitting my information, I acknowledge I have read, understand, and agree to the terms of the Privacy Policy and the Terms of Use,I understand that by submitting my information, I may be contacted by telephone by one lender.