How to Compare Loans in Wisconsin
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If you're looking for a short-term loan in Wisconsin, an unsecured loan from a bank may not always be the best option, especially if you have less-than-perfect credit. This is when you may consider a payday loan.
The way payday loans are governed varies from state to state, and the laws in Wisconsin are quite different from the laws set in the other states.
Compare online loans in Wisconsin with our loan comparison tool above, or read more about online payday loan laws in Wisconsin below.
Apply for a Wisconsin Title Loan
A short-term car title loan can be a great way to get access to quick cash, especially if you don't qualify for a unsecured loan.
To apply for a title loan in Wisconsin, you only need a valid driver’s license and a vehicle that’s titled in your name.
However, you have to consider the loan rates and terms the lender offers, to make sure you can afford the title loan and that you can repay the loan along with any fees or interest charges.
The Advantages of Online Wisconsin Loans
Wisconsin Title Loan Restrictions
Title loans in Wisconsin have no cap on interest laws although there is a maximum loan amount of up to 50% of the vehicle’s value.
If you are having a difficult time making payments on your title loan, the law requires you to give a 20-day notice to the lender.
In case your vehicle is repossessed, the Wisconsin lender will not be obliged to refund you any excess funds received from reselling your car.
Wisconsin Payday Loan Regulations
| Legal Status | Legal |
| Interest Rate (APR) | Can exceed 400% |
| Max. Loan Amount | $500 |
| Min. Loan Term | 10 days |
| Max. Loan Term | 31 days |
| Number of Rollovers | 1 |
| Cooling-off Period | Next business day after repayment |
| Installment | Yes |
However, payday lending is still regulated and these are some of the restrictions in place:
- Small cash advances should not exceed 35% of the borrower’s gross monthly income
- A Wisconsin payday loan should not be given for more than 90 days
- There is no regulation on interest rates, repayment terms or APR
- Up to 2 loan renewals are allowed for Wisconsin payday loans
- The NSF fee should not exceed $15 in Wisconsin
- Criminal actions are prohibited concerning Wisconsin payday loans
There are no limits to the number of cash advances you can take as long as there is a 24-hour cooling-off period.
Get the Loan You Need
An online personal loan can help when you need cash for large purchases or unplanned expenses.
Will You Get Credit in Wisconsin State?
There are various lending options for borrowers in the state of Wisconsin. As a common source of short-term loans, it is impossible to talk about Wisconsin personal loans without mentioning payday loans.
Take a look at how online Wisconsin payday loans can get you out of a financial fix.
Payday lending is legal in Wisconsin. It is one of the states where there are less rigid laws concerning payday lending compared to most states. This allows more freedom for lenders who wish to give Wisconsin payday loans.
Lenders who offer Wisconsin installment loans are expected to disclose that these types of loans are short-term and cannot provide long-term stability.
According to the Truth-in-Lending Act, Wisconsin lenders should clearly inform borrowers that failure to repay the loan in due period will lead to long-term hardships.
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Compare Wisconsin Loans at Financer.com
Financer.com helps you compare the best personal loans in Wisconsin 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 Wisconsin and take the guesswork out of doing all the legwork yourself.
Loans in Wisconsin - FAQs
How much can I borrow with an Wisconsin title loan?
The total you can borrow depends on the value of your vehicle and your ability to repay. Auto loan amounts can also vary by lender and usually range between $100 to $10,000.
Are title loans legal in Wisconsin?
Yes. However, there are regulations that lenders have to follow. The maximum loan amount for a Wisconsin title loan is $25,000 and the maximum loan term is 180 days.
How much can I borrow with a Wisconsin payday loan?
You can borrow up to $1,500 or 35% of your monthly gross income for a maximum period of 90 days.
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