Installment and Personal Loans in Arizona: Payday Loan Alternatives
One short form for consumer loans with fixed monthly payments, offers from licensed lenders, and money sent to your bank account if you are approved. Larger personal loan requests up to $35,000 are also accepted.
Estimate uses 36% APR, the Arizona cap for this loan size, repaid over 12 months. Your lender must disclose the exact APR and total cost. Your offer may differ.
Check my offers- Arizona lenders must be licensed by the state
- Full cost and APR shown before you sign
- All credit types can apply; lenders may check credit
Installment Loans in Arizona, requested online
Arizona residents can request consumer loans of $500 to $5,000 online from any of the 264 Arizona cities we cover. Payday loans have not been allowed in Arizona since July 1, 2010; small consumer loans are made by lenders holding a consumer lender license. At 36% APR, a $1,000 loan repaid over 12 months costs about $100.46 a month, or $205.55 in interest in total.
What Arizona law says
- Payday loans have not been allowed in Arizona since July 1, 2010; small consumer loans are made by lenders holding a consumer lender license.
- Consumer loans under this law: up to $10,000.
- Rate limit: A licensed lender may charge up to 36% a year on a loan of $3,000 or less. On a larger loan, the rate is 36% on the first $3,000 and 24% on the amount above $3,000, or a single blended rate that costs no more.
- Fees: Prepaid finance charges ("points") are generally prohibited; a 4% point is allowed only on certain home-secured loans of $5,000 or more. Other charges beyond the finance charge were not confirmed.
- Lenders must be licensed by the Arizona Department of Insurance and Financial Institutions (DIFI) and must disclose the APR and total cost before you sign.
Good to know
- Arizona's payday lending authorization ended on July 1, 2010, and voters rejected a 2008 ballot measure to extend it.
- Lenders making consumer loans of $10,000 or less in Arizona must hold a consumer lender license from DIFI.
- On a loan of $3,000 or less, a licensed lender may charge no more than 36% a year.
- On the part of a loan above $3,000, the cap drops to 24% a year.
- Up-front finance charges called points are generally not allowed on these loans.
- You can check whether a lender is licensed, and file a complaint, through DIFI at difi.az.gov.
Why request online
How it works
Small-Loan Rules in Arizona
| Maximum amount | No payday loans |
|---|---|
| Loan term | No payday loans |
| Rate / fee rule | No payday-specific high-cost product |
| Regulatory basis | A.R.S. §6-601 et seq. (consumer lenders) |
Key Rules
- Former payday authorization sunset
- consumer loans remain subject to Arizona Consumer Lenders Act
Alternative Loan Options in Arizona
- Licensed installment/personal loan
- federal credit-union PAL
- bank small-dollar loan
- EWA where offered
Regulatory reference: the statutes listed in this table and the state regulator. · NCSL 50-state payday lending summary State rules can change; confirm current terms before borrowing.
Largest Arizona cities
Questions people ask
Can I get a loan in Arizona with bad credit?
Yes, you can apply with any credit history. Lenders look at your income and banking history, not only your credit score, but they may still check your credit and approval is not guaranteed. Compare the APR and total cost before you accept.
Are payday loans legal in Arizona?
Payday loans have not been allowed in Arizona since July 1, 2010; small consumer loans are made by lenders holding a consumer lender license. You can request consumer loans from licensed lenders instead.
What can I borrow instead of a payday loan in Arizona?
Consumer loans of $500 to $5,000, repaid in fixed monthly payments. A licensed lender may charge up to 36% a year on a loan of $3,000 or less. On a larger loan, the rate is 36% on the first $3,000 and 24% on the amount above $3,000, or a single blended rate that costs no more.
How much does a $1,000 loan cost in Arizona?
At 36% APR, a $1,000 loan repaid over 12 months costs about $100.46 a month, or $205.55 in interest in total. Your lender must show the APR and total cost before you sign.
Where can I complain about a lender in Arizona?
Contact the Arizona Department of Insurance and Financial Institutions (DIFI) or the CFPB at consumerfinance.gov/complaint.
It takes a few minutes and costs nothing to ask. You decide after you see the full cost.
Check my offersWe pass your request to participating lenders. A request does not guarantee an offer; approval, amount and funding time depend on the provider.
Resources
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