Installment and Personal Loans in New Hampshire: Payday Loan Alternatives
One short form for small 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 New Hampshire 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- New Hampshire 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 New Hampshire, requested online
New Hampshire residents can request small loans of $500 to $5,000 online from any of the 255 New Hampshire cities we cover. New Hampshire caps payday and small loans at 36% APR, so the high-cost payday loans seen in other states are not offered; small loans of up to $10,000 from licensed lenders are the legal option. 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 New Hampshire law says
- New Hampshire caps payday and small loans at 36% APR, so the high-cost payday loans seen in other states are not offered; small loans of up to $10,000 from licensed lenders are the legal option.
- Small loans under this law: up to $10,000.
- Rate limit: The annual percentage rate on a small loan may not exceed 36%, calculated under federal Truth in Lending rules.
- Fees: One application fee of up to $100 and one membership or participation fee of up to $100 per borrower per year are left out of the 36% calculation.
- Lenders must be licensed by the New Hampshire Banking Department and must disclose the APR and total cost before you sign.
Good to know
- New Hampshire limits the annual percentage rate on small loans to 36%.
- The 36% limit also applies to payday loans.
- A small loan is a loan of $10,000 or less for personal, family or household use.
- Lenders making small loans in New Hampshire must be licensed by the state Banking Department.
- Application and membership fees (up to $100 each per year) are not counted toward the 36% APR.
- A loan with a term of six months or longer at 36% APR or less is not a payday or title loan.
Why request online
How it works
Small-Loan Rules in New Hampshire
| Maximum amount | Up to $500 |
|---|---|
| Loan term | 7–30 days |
| Rate / fee rule | APR ≤36% |
| Regulatory basis | N.H. Rev. Stat. §399-A:1 et seq. |
Key Rules
- Traditional high-cost payday economics are effectively restricted by rate cap
Alternative Loan Options in New Hampshire
- Credit-union PAL
- bank small-dollar loan
- licensed installment/personal loan
Regulatory reference: the statutes listed in this table and the state regulator. State rules can change; confirm current terms before borrowing.
Largest New Hampshire cities
Questions people ask
Can I get a loan in New Hampshire 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 New Hampshire?
New Hampshire caps payday and small loans at 36% APR, so the high-cost payday loans seen in other states are not offered; small loans of up to $10,000 from licensed lenders are the legal option. You can request small loans from licensed lenders instead.
What can I borrow instead of a payday loan in New Hampshire?
Small loans of $500 to $5,000, repaid in fixed monthly payments. The annual percentage rate on a small loan may not exceed 36%, calculated under federal Truth in Lending rules.
How much does a $1,000 loan cost in New Hampshire?
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 New Hampshire?
Contact the New Hampshire Banking Department 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
Loans near me in New Hampshire: find your city