How to Compare Loans in North Dakota
As seen in
Best Rated Personal Loans
Find the best rated lenders for loans in North Dakota
North Dakota Payday Loans Laws
Payday lending in North Dakota is legal and the state has similar laws to the payday laws in many other states.
The one thing that sets North Dakota apart from other states in its payday lending laws is the loan term period. A client can keep a loan for 60 days while other states limit this period to 30 days.
Borrowers are allowed to have a minimum loan amount of $500. However, there is no maximum amount a borrower may take. The APR is restricted to 520% and not more than that.
The Advantages of Online North Dakota Loans
Your Obligations As a Borrower In North Dakota
- Get a written agreement containing customer’s name, rates charged, the loan sum, the date and the APR;
- You should be given the document showing all the charges and fees;
- There is a maximum of $20 on collection fees;
- You have a right to pay back the loan by 5 p.m. of the same day after applying.
Lenders in North Dakota are prohibited from filing charges in court if you fail to repay or default the loan. Court charges are only allowed if a borrower closes his account or presents a check while being aware that there is no money in his account.
The regulatory authority in this state is the North Dakota Department of Financial Institution. This is where you can file a complaint if you feel that your lender is treating you unfairly.
North Dakota Payday Loan Regulations
| Legal Status | Legal |
| Interest Rate (APR) | 487% |
| Max. Loan Amount | $500 |
| Min. Loan Term | Not specified |
| Max. Loan Term | 30 days |
| Number of Rollovers | 1 |
| Finance Charges | 20% of the amount advanced |
| Database Tracking | No |
How To apply for North Dakota Cash Advance
You can either submit an online application or go to a payday lender’s store. Most of the requirements are similar to those of the other states.
You must be at least 18 years and be an American citizen.
You will need to show proof of steady income and provide personal details such as date of birth and contact info.
Finance Charges and Interest on North Dakota Payday Loans
- Finance charges can be up to 520% per annum;
- Some companies will charge a database fee which the state laws have not set a maximum limit.
Get the Loan You Need
An online personal loan can help when you need cash for large purchases or unplanned expenses.
Rollover of North Dakota Installment Loans
Rollover of loans is allowed only once in North Dakota. The renewal fee is limited to 20% of the loan amount being renewed. In addition, there may be other finance charges included.
How To apply for North Dakota Cash Advance
You can either submit an online application or go to a payday lender’s store. Most of the requirements are similar to those of the other states. You must be at least 18 years and be an American citizen.
You will need to show proof of steady income and provide personal details such as date of birth and contact info.
Cities In North Dakota Where You Can Find Payday Loan Lenders
You can find storefront lenders near you in North Dakota in the following cities and towns:
- Bismarck
- Devils Lake
- Dickinson
- Fargo
- Grafton
- Grand Forks
- Valley City
- Wahpeton
- Jamestown
- West Fargo
Online loans are usually a better option compared to storefront lenders. Comparing online loans in much easier and online loan options are usually less costly. Compare online loan options in North Dakota with the search tool at the top of this page.
Why Compare Personal Loans at Financer.com
Compare North Dakota Loans at Financer.com
Financer.com helps you compare the best personal loans in North Dakota 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 North Dakota and take the guesswork out of doing all the legwork yourself.
What Customers Say About Us
4.60 based on 326 reviews
from Reviews.io
Marianne J
Effektivt, tyldigt, intressant, informativ
Andrei B
I believe it to be THE best financial platform in Romania, by far. Their articles are very well documented and really offer the answers to all the questions that I have on the subject.
Terese P
Ute fter nytt kreditkort? Hittade mitt första kreditkort via deras hemsida. Fördelrana? Att man kan jämföra direkt på sidan! Vill du veta om för och nackdelar med olika kort? FInns också på finnacner. Asbra faktiskt.
Alexander E
Bra information om prisläge på olika bankkort med mera.
Birgitta S
Bara bra att säga om financer. Bra info, tydligt, strukturerat, ärligt, uppdaterat! Fem stjärnor.
Read More About Loans
No Teletrack Tribal Loans: Bad Credit Accepted
What Are No Teletrack Tribal Loans? No teletrack tribal loans are short-term, high-interest loans offered by lenders affiliated with Native American tribes. These loans have two
September 9, 2024 13 min read
How To Sell a Car with a Loan
Selling a car can be a straightforward process, but when you still owe money on the vehicle, it becomes a bit more complex. This guide ...
September 17, 2024 16 min read
Conventional Mortgage Loans
Conventional mortgage loans are an important financial tool. They play a crucial role for people buying a home. Understanding how they work will help you ...
October 28, 2024 12 min read
