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The Best Loans in Connecticut 2023: Compare Loan Rates

Written by:  Joe Chappius
|
Last updated: November 27, 2024

Financer.com helps you compare online loan rates in Connecticut. Compare different loan options in Connecticut and read more about the payday loan laws in the state.

  • Compare lenders online
  • Find a loan in Connecticut
  • Compare loan rates and apply

How to Compare Loans in Connecticut

How to Compare Loans in Connecticut
1
Choose your loan amount

Choose the amount of money you want to borrow

2
Compare loan rates

Filter the results based on your needs and compare loan rates

3
Choose the best offer

Choose the best offer from leading lenders

4
Complete the application

Click Get Started and complete your application online

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Online Loans in Connecticut

With banks offering fewer unsecured loans in recent years, it may be challenging to get a personal loan from a bank. However, you could still get financing by taking a payday loan.

The way payday loans are governed varies from state to state, and the laws in Connecticut are quite similar to loans in other U.S. states. 

Compare online loans in Connecticut with our loan comparison tool above, or read more about online payday loan laws in Connecticut below.

The Advantages of Online Connecticut Loans

Online Personal Loans Are Convenient
Online Personal Loans Are Convenient
Get Funds As Soon As The Same Day
Get Funds As Soon As The Same Day
Apply Anywhere, Anytime
Apply Anywhere, Anytime
Less Paperwork Required
Less Paperwork Required

Connecticut Payday Loan Regulations

Legal Status Prohibited
Interest Rate (APR) 12% small loan cap
Updated March 28 2022
Connecticut law does not explicitly address payday loans. However, both Connecticut’s small loan law and check casher law, as well as usury law, put a 12% APR cap on all loans and serves as a limit to payday loans as well. Also, currently, despite all the claims of tribal lenders, all payday loans are illegal in Connecticut.

Regulations On Loans in Connecticut State

All consumers need to be fully educated on the risks that come with quick cash advances before taking out a Connecticut payday loan. The lender has an obligation to explain to you the total cost, the interest rate, and the possibility of the interest accumulating over time.

Payday loans are prohibited in Connecticut

Although the law in Connecticut does not explicitly address payday loans, the law puts a 12% APR cap on all loans and serves as a limit to payday loans as well.

Also, currently, despite all the claims of tribal lenders, all payday loans are illegal in Connecticut.

Get the Loan You Need

An online personal loan can help when you need cash for large purchases or unplanned expenses.

Holiday
Holiday
Wedding
Wedding
Home Renovations
Home Renovations
Bills
Bills
Shopping
Shopping
Education
Education

Loan Requirements in CT

When you apply for a loan in Connecticut, approval can be granted the same day, and your loan can be paid out as soon as the next business day.

When applying for a personal loan in Connecticut, you'll typically need the following:

  • An active checking account. This is usually for the purpose of wiring money directly to your account once approved.
  • Proof of income. This includes current information about your employer, plus any disability benefits.
  • A working phone number. This can be either a home or mobile phone.
  • Be at least 18 years old and a U.S. citizen or a permanent resident.

Why Compare Personal Loans at Financer.com

Completely Free Comparison
Completely Free Comparison
Instant Results Without a Credit Check
Instant Results Without a Credit Check
Read Genuine Customer Reviews
Read Genuine Customer Reviews
Find the Cheapest Payday Loans in Connecticut
Find the Cheapest Payday Loans in Connecticut
Compare Now

What Customers Say About Us

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4.57 based on 328 reviews

from Reviews.io

Compare Connecticut Loans at Financer.com

Financer.com helps you compare the best personal loans in CT and get the best loan rates from leading lenders.

We look for lenders that offer full transparency and have a long track record of successful lending and satisfied customers. We are always improving our comparisons, but are confident in what we can bring to market, and we know you will be as well.

Use our free loan comparison tool to find the right personal loan in Connecticut and take the guesswork out of doing all the legwork yourself.

Connecticut Loans FAQs

Are payday loans legal in Connecticut?
No, payday loans are not permitted in Connecticut. There are many loan alternatives available with online lenders offering personal loans in CT.
What are the loan requirements in CT?

When applying for a personal loan in Connecticut, you'll typically need the following:

  • An active checking account. This is usually for the purpose of wiring money directly to your account once approved.
  • Proof of income. This includes current information about your employer, plus any disability benefits.
  • A working phone number. This can be either a home or mobile phone.
  • Be at least 18 years old and a U.S. citizen or a permanent resident.

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