Payday & Installment Loans in Parshall, North Dakota
Payday and installment loans in one short form, offers from licensed lenders, and money sent to your bank account if you are approved.
Estimate uses the maximum fee North Dakota law allows (up to 20% of the amount paid to the customer; no other fee except a database registration fee at cost). Some lenders charge less. A typical two-week loan with a $15 per $100 fee has an APR near 400%. Your offer may differ.
Check my offers- North Dakota lenders must be licensed by the state
- Full cost and APR shown before you sign
- All credit types can apply; lenders may check credit
Parshall residents can request payday loans of $100 to $500 online in a few minutes and see the full cost before deciding. North Dakota caps payday loans at $500. Fee limit: up to 20% of the amount paid to the customer; no other fee except a database registration fee at cost. At the maximum fee, a $300 loan means about $360 due on your next payday. The median household here earns $45,000, 41% below the North Dakota median, so that repayment would take about 21% of a typical two-week paycheck. Parshall has 1 bank branch, but you do not need to visit one: the whole request is online.
Why request online
Payday Loans in Parshall: the short answer
Installment loans in Parshall
Need more than $500 or more time to repay? North Dakota also allows consumer loans from licensed lenders, repaid in fixed monthly payments. Licensed lenders may not charge more than 36% a year including all fees and charges needed to make the loan; rates and fees are otherwise set by the loan contract.
- A payday loan fits a small, one-off gap you can repay in full on your next payday.
- An installment loan fits a larger amount or a budget that needs smaller monthly payments; check the total interest before you sign.
- Installment lenders need a license: Money broker license from the North Dakota Department of Financial Institutions (N.D.C.C. ch. 13-04.1).
Illustration only. Your lender must disclose the APR, payment schedule and total cost before you sign.
How it works
What a $300 loan means for a typical Parshall budget
At the maximum fee North Dakota allows, a $300 loan means about $360 due on your next payday.
Renters in Parshall already spend a median 18.7% of income on rent. If the repayment would leave you short on rent or bills, a smaller amount or a longer-term option below usually costs less.
Illustration only. Your fee, APR and term come from the lender and must be disclosed before you sign. Census estimates for small towns have wide margins of error, so treat local figures as approximate.
Parshall, ND: Local Financial Snapshot
City-level ACS dataLocal economic and housing context for Parshall. Figures use the latest 2020–2024 American Community Survey 5-Year release available for small-area comparison.
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-Year. Tables B01003, B19013, B25064, B25071, B17001 and B23025. City-level payday-loan volume is not consistently published for every U.S. locality, so no local borrowing count is estimated here.
Your protections in Parshall
- Maximum loan amount: $500.
- Fee limit: Up to 20% of the amount paid to the customer; no other fee except a database registration fee at cost.
- Maximum loan term: 60 days.
- Renewals: One renewal allowed; renewal fee up to 20% of the amount renewed, paid in cash or equivalent; each renewal period at least 15 days.
- Waiting period: New loan may not be made within 3 business days after a previous loan is completed; no refinancing with a new loan from the same lender.
- Payment plan: Lender may offer a voluntary workout in even weekly, biweekly or monthly installments up to 12 months, with no added fee or interest.
- Loan limits: Total outstanding payday loans may not exceed $600 across all lenders; loans are recorded in a state database.
- Lenders must hold a license from the North Dakota Department of Financial Institutions and disclose fees and APR before you sign.
Lower-cost options in Parshall
Financial Locations in and near Parshall, ND
Select an address to display that exact location on the map.
Payday Loans near Parshall
Requests work the same from any of these nearby North Dakota towns; distances are straight-line from Parshall.
- Plaza, ND10 mi · pop. 350 · median income $85,481
- Makoti, ND15 mi · pop. 84 · median income $75,750
- New Town, ND16 mi · pop. 2,721 · median income $52,500
- Ryder, ND19 mi · pop. 100 · median income $40,313
- Roseglen, ND23 mi
- Mandaree, ND25 mi · pop. 620 · median income $64,545
Other Mountrail County towns:
What borrowing looks like in Parshall
Worked out from local Census income and rent figures and state lending rules, so you can plan before you apply.
How much does a $1,000 installment loan cost per month in Parshall?
See the math
As a regulated installment loan at the North Dakota limit of 36% APR over 12 months, $1,000 costs about $100.46 a month, or $205.55 in interest in total. That is 2.7% of the median Parshall household income of $3,750 a month. Your lender shows the exact APR and total cost before you sign.
Is it harder to cover bills in Parshall than in the rest of North Dakota?
See the local numbers
Median household income in Parshall is $45,000, 41% below the North Dakota median, and median rent is $726 a month (24% below the state). Renters here spend a median 18.7% of income on rent, so compare any monthly loan payment with what is left after rent and utilities.
Payday or installment loan: which costs less in Parshall?
See the math
A $500 payday loan at about $20.00 per $100 costs about $100.00 for two weeks, due in one payment of $600.00. As a regulated installment loan at the North Dakota limit of 36% APR over 6 months, $500 costs about $92.30 a month and $53.79 in total interest. The payday loan is shorter; the installment loan is easier on a monthly budget if you cannot repay everything on your next payday.
Do I need to visit a store to get a loan in Parshall?
How it works
No. The whole request is online and takes a few minutes. The nearest financial locations listed on this page are about 10 miles from Parshall, but if a lender approves you, money is usually sent by direct deposit, often by the next business day.
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Questions people ask
Are payday loans legal in Parshall, North Dakota?
Yes. North Dakota licenses lenders through the North Dakota Department of Financial Institutions under N.D.C.C. ch. 13-08 (Deferred Presentment Service Providers).
How much can I borrow in Parshall?
Up to $500 under North Dakota law. The lender sets your amount based on your income and state rules.
How much does a payday loan cost in North Dakota?
Fee limit in North Dakota: up to 20% of the amount paid to the customer; no other fee except a database registration fee at cost. At $20 per $100, a $300 two-week loan costs $60, about 521% APR.
Where can I complain about a lender in North Dakota?
Contact the North Dakota Department of Financial Institutions at 701-328-9933 or submit a complaint to 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.
Sources
State rules, regulator contacts and legal sources are listed on the North Dakota page. Local income and housing figures: U.S. Census Bureau, American Community Survey 2020–2024.