How to Compare Loans in New Hampshire
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Where Can I Find a Loan in New Hampshire?
If you’re looking for a loan online, welcome to Financer.com!
We help connect you with trusted lenders across a wide variety of loans including, personal loans, payday loans, auto loans, business loans, etc. etc.
All that said you might be one of the many people looking for more information on payday loans in New Hampshire.
While you can compare instantly above using our loan comparison tool for a personal installment loan, you might want to click this link here, if you’re hoping to find offers from payday loan lenders.
If lending is new to you, learn more with our comprehensive guide below and find the information you’re looking for!
The Advantages of Online New Hampshire Loans
What Type of Loan is Right For Me?
There are two typical types of loans you’re most likely looking for.
When it comes to getting great deals online, most people are familiar with personal installment loans, which you can get started on right away by using our loan comparison tool above.
But when you’re looking for loans that you can take despite bad credit, and get approved for rather quickly there is always payday loans available.
New Hampshire Payday Loan Regulations
| Legal Status | Legal |
| Interest Rate (APR) | 36% |
| Max. Loan Amount | $500 |
| Min. Loan Term | 7 days |
| Max. Loan Term | 30 days |
| Number of Rollovers | 0 |
| Finance Charges | $1.38 for a $100 loan |
| Installment | Yes |
New Hampshire Payday Loans Laws
Restrictions regarding payday lending vary from state to state. You might want to get familiarized with the payday regulations in New Hampshire before taking out a loan.
The state imposes strict limitations regarding interest rates so that lenders cannot gain huge profits out of such charges. APR for New Hampshire payday loans is capped at 36% and cannot exceed that amount.
According to the law, a borrower cannot have more than one loan at a time. Taking other loans from different lenders is considered illegal. Both the borrower and the lender will be answerable in such a case.
Get the Loan You Need
An online personal loan can help when you need cash for large purchases or unplanned expenses.
What Happens if You Default?
Even the best planners can sometimes fall behind schedule. What happens if you fail to repay your loan on the due date? First, keep in mind the following important points according to New Hampshire state law:
- Defaulted payments are not considered criminal offense
- Borrowers should therefore not be afraid of lenders threatening to pursue criminal lawsuit
- You can only be taken to a court trial if you purposefully took out a loan without any intention of paying
- Civil trials are legal, thus not prohibited in case borrowers do not repay on time- in short you can be taken to court over failure to meet your repayments
- There is no specific law concerning collection fees; lending companies are free to set the rate themselves so to avoid egregious fees make sure to pay!
Finance Charges and Repayment Period
Finance charges for a $100 loan given for a period of two weeks should not exceed $1.38. These charges include the processing fee, approval fees and other similar charges of the sorts.
Repayment period should be not less than 7 days and not more than 31 days according to the state law. A cooling-off period of 60 days after the date when the previous loan was fully repaid is allowed. Only after this duration can a borrower apply for another loan. Meaning that if you have already repaid a payday loan in the state of New Hampshire, you are not eligible for another payday loan until 60 days later from the final repayment date.
However, rollovers and renewals are prohibited so ensure you repay your debt in due time.
How Do New Hampshire Loans Work?
The maximum payday loan amount you can borrow is $500. If approved, you can expect to have funds disbursed to you within two business days.
You need to be at least 18 years and be an American citizen or a permanent resident. You will also need to supply basic information such as full names, date of birth and details of your income and employment.
You can get started right away by comparing payday loans from clicking this link.
But if you need more than $500, and are looking for a personal loan where you pay back through equal payments over a course of several months or years, get started with our loan comparison tool above right now!
Why Compare Personal Loans at Financer.com
Compare New Hampshire Loans at Financer.com
Financer.com helps you compare the best personal loans in New Hampshire 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 New Hampshire and take the guesswork out of doing all the legwork yourself.
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