Get Personal Loan Offers in the District of Columbia – One Simple Form
One short form for personal installment 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 24% APR, the District of Columbia 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- District of Columbia lenders must be licensed by the District
- Full cost and APR shown before you sign
- All credit types can apply; lenders may check credit
Personal Loans in the District of Columbia, requested online
District of Columbia residents can request personal installment loans of $500 to $5,000 online from any of the 3 District of Columbia cities we cover. Payday lending has not been allowed in the District of Columbia since 2008; any lender making consumer loans must hold a DISB money lender license and cannot charge more than 24% a year. At 24% APR, a $1,000 loan repaid over 12 months costs about $94.56 a month, or $134.72 in interest in total.
What District of Columbia law says
- Payday lending has not been allowed in the District of Columbia since 2008; any lender making consumer loans must hold a DISB money lender license and cannot charge more than 24% a year.
- Rate limit: No more than 24% a year in interest on a consumer loan. The interest charge must cover all fees and costs, and interest cannot be taken out of the loan in advance.
- Fees: All fees and charges of every kind count toward the 24% limit; interest may not be deducted from the amount you receive.
- Lenders must be licensed by the District of Columbia Department of Insurance, Securities and Banking (DISB) and must disclose the APR and total cost before you sign.
Good to know
- The District caps interest on consumer loans at 24% a year.
- Payday lending stopped being a permitted activity for check cashers in the District in January 2008.
- Anyone lending money in the District at more than 6% a year must have a DISB money lender license.
- The rules cover online lenders that advertise or solicit District residents.
- A lender cannot deduct interest from the loan when it is made, and must give you a written statement of the loan terms.
- A lender that charges more than the legal rate can lose all interest and a fourth of the principal.
- You can check whether a lender is licensed by calling DISB at 202-727-8000.
Why request online
How it works
Largest District of Columbia cities
Questions people ask
Are payday loans legal in the District of Columbia?
Payday lending has not been allowed in the District of Columbia since 2008; any lender making consumer loans must hold a DISB money lender license and cannot charge more than 24% a year. You can request personal installment loans from licensed lenders instead.
What can I borrow instead of a payday loan in the District of Columbia?
Personal installment loans of $500 to $5,000, repaid in fixed monthly payments. No more than 24% a year in interest on a consumer loan. The interest charge must cover all fees and costs, and interest cannot be taken out of the loan in advance.
How much does a $1,000 loan cost in the District of Columbia?
At 24% APR, a $1,000 loan repaid over 12 months costs about $94.56 a month, or $134.72 in interest in total. Your lender must show the APR and total cost before you sign.
Where can I complain about a lender in the District of Columbia?
Contact the District of Columbia Department of Insurance, Securities and Banking (DISB) at 202-727-8000 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.