Loans in Delaware

Financer.com helps you find the best loan options in Delaware. Compare the rates of payday loans and other online loans in Delaware and read more about Delaware loan laws.

How much would you like to borrow?

Compare Loans in Delaware

Borrow $1,000 with a period of 6 Months.
Edit Search
Amount: $1,000 | Period: 6 Months
Search Options
We found 9 loans

Edit Search

More Filters Reset
Choose your state
recommended

Chosen 49,028 times

recommended

Chosen 49,028 times

Loan Amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.54

for 6 months

Monthly payback

$169.59

for 6 months

Lowest cost

Customer type:

All

Borrow up to

$35,000

Estimated Payback

09/11/2021

Weekend Payout

Age

18

62 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 70,713 times

recommended

Chosen 70,713 times

Loan Amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.54

for 6 months

Monthly payback

$169.59

for 6 months

Most chosen

Customer type:

All

Borrow up to

$5,000

Estimated Payback

09/11/2021

Weekend Payout

Age

18

25 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Chosen 20,972 times

Chosen 20,972 times

Loan Amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.54

for 6 months

Monthly payback

$169.59

for 6 months

Best reviews

Customer type:

All

Borrow up to

$35,000

Estimated Payback

09/11/2021

Weekend Payout

Age

18

9 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Important

Please note that loan amounts, interest rates and other loan terms may vary according to your state and credit profile.

Show all 9 offers
$1,000
Compare Offers
delaware loans

Delaware Payday Loans Laws

delaware loans There has been a lot of debate surrounding payday legislation in Delaware. Below is a useful guide on the current legal status of payday lending to keep you informed.

The Delaware state law read that payday loans are legal under Small Loan Act or Licensing law. A lender is only allowed to give out a maximum amount of $1000. Unless the loan debt is settled, no additional loans can be granted.

The Delaware cash advance loan law allows a minimum repayment term of 60 days. The lender is thus prohibited from demanding the full repayment before that term ends.

Charges, fees and interest rates on loans are not regulated by the Delaware state. Therefore, it is up to the lending companies to decide how much to charge a borrower. Up to 4 rollovers are allowed for each borrower per loan.

General Requirements For Delaware Payday Loans

  • A borrowers signature
  • A thumb print from a borrower in addition to the actual signature
  • Borrower should be a US citizen
  • Regular source of income

Majority of the states require a borrower’s signature during application. In addition to this rule, Delaware state laws require a thumbprint from the borrower irrespective of whether they apply in-person, online or by the phone.

The requirement was introduced in an aim to protect consumers from being victims of fraudulent lending companies. This feature is a distinctive characteristic of Delaware installment loans laws.

The Collection Restrictions

Payday loans usually have inherent restrictions. In addition to these, lenders in Delaware who provide deferred loans are not allowed to rollover the loan amount after 12 weeks. The state legislations also prohibit lenders from charging additional interest on the deferred loan.

Lenders are not allowed to initiate criminal proceedings in case of failure of the borrower to repay. Borrowers can borrow up to five times within a calendar year.

Regulatory Information

The above rules must be adhered to by all payday lending companies in the Delaware state. If you are doing business with a storefront or online lender and they contravene these guidelines, contact the Delaware State Bank Commissioner.

Author Financer.com

Insightful articles, Industry news, Independent price comparisons

Share on

We use cookies to give you the most relevant experience. By using our site, you accept all cookies and our privacy policy. To find out more about what cookies we use you can go to privacy overview