Get Personal Loan Offers in the U.S. Virgin Islands – One Simple Form
One short form for consumer 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 26% APR, the U.S. Virgin Islands 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- U.S. Virgin Islands lenders must be licensed by the territory
- Full cost and APR shown before you sign
- All credit types can apply; lenders may check credit
Personal Loans in U.S. Virgin Islands, requested online
U.S. Virgin Islands residents can request consumer installment loans of $500 to $5,000 online from any of the 5 U.S. Virgin Islands cities we cover. Consumer loans in the U.S. Virgin Islands are capped at 26% a year and must be repaid in roughly equal installments, which leaves no room for a typical payday loan. At 26% APR, a $1,000 loan repaid over 12 months costs about $95.53 a month, or $146.36 in interest in total.
What U.S. Virgin Islands law says
- Consumer loans in the U.S. Virgin Islands are capped at 26% a year and must be repaid in roughly equal installments, which leaves no room for a typical payday loan.
- Consumer installment loans under this law: up to $50,000.
- Rate limit: No more than 26% a year in interest on a consumer loan of up to $50,000. Smaller loans may also be priced on a sliding monthly scale (2.5% a month on the first $225, falling to 1% a month above $1,650), but never above the 26% cap.
- Fees: A one-time administrative fee of up to 5% of the loan or $50 (whichever is less) is allowed on loans of $2,500 or less, and up to $75 on loans of $2,500 to $50,000.
- Lenders must be licensed by the Virgin Islands Division of Banking, Insurance and Financial Regulation (Office of the Lieutenant Governor) and must disclose the APR and total cost before you sign.
Good to know
- Interest on a consumer loan in the Virgin Islands cannot be more than 26% a year.
- Anyone making consumer loans in the territory must have a finance lender license from the Banking Board.
- A consumer loan is any loan under $50,000 used for personal, family or household purposes.
- Loan contracts must be repayable in substantially equal installments, with the first payment due 15 days to one month and 15 days after the loan.
- Lenders can charge a one-time administrative fee of up to 5% of the loan or $50, whichever is less, on loans of $2,500 or less.
- A lender cannot charge any interest or fee on a loan that is never made.
- Complaints about lenders can be filed with the Division of Banking, Insurance and Financial Regulation.
Why request online
How it works
Largest U.S. Virgin Islands cities
Questions people ask
Are payday loans legal in U.S. Virgin Islands?
Consumer loans in the U.S. Virgin Islands are capped at 26% a year and must be repaid in roughly equal installments, which leaves no room for a typical payday loan. You can request consumer installment loans from licensed lenders instead.
What can I borrow instead of a payday loan in U.S. Virgin Islands?
Consumer installment loans of $500 to $5,000, repaid in fixed monthly payments. No more than 26% a year in interest on a consumer loan of up to $50,000. Smaller loans may also be priced on a sliding monthly scale (2.5% a month on the first $225, falling to 1% a month above $1,650), but never above the 26% cap.
How much does a $1,000 loan cost in U.S. Virgin Islands?
At 26% APR, a $1,000 loan repaid over 12 months costs about $95.53 a month, or $146.36 in interest in total. Your lender must show the APR and total cost before you sign.
Where can I complain about a lender in U.S. Virgin Islands?
Contact the Virgin Islands Division of Banking, Insurance and Financial Regulation (Office of the Lieutenant Governor) 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.