The Best Loans in Vermont 2022: Compare Loan Rates

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

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Best Loans in Vermont for August 2022

Borrow $5,000 for a period of 3 Years.
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Amount: $5,000 | Period: 3 Years
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We found 14 loans

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Chosen 2,019 times

Chosen 2,019 times

Loan amount

$5,000

APR:

4.99% - 17.99%

Total Payment

$5,393.95

for 3 years

Monthly payback

$149.83

for 3 years

Open right now

Customer type:

All

Borrow up to

$50,000

Estimated Payback

23/07/2025

Weekend Payout

Age

18

4 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 967 times

recommended

Chosen 967 times

Loan amount

$5,000

APR:

5.94% - 35.47%

Total Payment

$5,471.06

for 3 years

Monthly payback

$151.97

for 3 years

Lowest cost

Customer type:

All

Borrow up to

$50,000

Estimated Payback

23/07/2025

Weekend Payout

Age

18

8 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 26,077 times

recommended

Chosen 26,077 times

Loan amount

$5,000

APR:

5.99% - 35.99%

Total Payment

$5,475.13

for 3 years

Monthly payback

$152.09

for 3 years

Open right now

Customer type:

All

Borrow up to

$35,000

Estimated Payback

23/07/2025

Weekend Payout

Age

18

11 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 77,811 times

recommended

Chosen 77,811 times

Loan amount

$5,000

APR:

5.99% - 35.99%

Total Payment

$5,317.93

for 2 years

Monthly payback

$221.58

for 2 years

Open right now
Most chosen

Customer type:

All

Borrow up to

$5,000

Estimated Payback

23/07/2025

Weekend Payout

Age

18

27 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Chosen 22,139 times

Chosen 22,139 times

Loan amount

$5,000

APR:

5.99% - 35.99%

Total Payment

$5,475.13

for 3 years

Monthly payback

$152.09

for 3 years

Open right now

Customer type:

All

Borrow up to

$10,000

Estimated Payback

23/07/2025

Weekend Payout

Age

18

20 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 14 offers
$5,000
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How to Compare Loans in Vermont

How to Compare Loans in Vermont
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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Vermont Installment Loans

Vermont personal loans from payday shops may not be an option but there are still other ways you can obtain lending in Vermont.

Vermont online installment loans are expected to be paid back in installments over a predetermined timeframe.

It is possible to access Vermont online installment of loans even with a less-than-perfect credit score. However, the interest rate can be just as high as payday loans.

Compare the Best Loan Rates

Save more on your loan by comparing with us first.

Lending Laws in Vermont

The laws in Vermont prohibit payday lenders from functioning in the state according to the Small Loan Act.

According to the Act, lenders are prohibited from charging more than 18% per annum interest. This is a very low figure compared to the rates payday lenders charge, so it does not appear viable for them.

Thus, although these types of lenders cannot offer their services, they still have found ways to offer loans to residents, as will be discussed shortly.

We consider other lending options available to you other than online Vermont payday loans.

Since it is illegal to obtain Vermont payday loans, there aren’t any lending centers in Vermont operating in a physical shop. However, certain loopholes in the laws enable out-of-state payday lenders to operate.

One of the ways lending institutions operate is by purchasing a charter from the bank and then using the interest rates and loan terms of surrounding States.

Although the bank’s headquarters are not found in Vermont, the cash advance lender purchases a special charter and establishes a shop in Vermont.

This practice is legal in Vermont since charters between banks and lending companies are allowed.

The Advantages of Online Vermont 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

Vermont Payday Loan Regulations

Legal StatusProhibited
Interest Rate (APR)18% APR small loan cap
Statute of Limitations6 years
Updated Auguat 3 2022

Payday lending is prohibited in Vermont.

Payday loans are expressly forbidden in the state of Vermont. In 2001, the first law was passed.

But Vermont is renowned for having passed the "strongest law in the nation" regarding payday loans in 2012, effectively driving out all brick-and-mortar lenders.

Currently, lending without a license is prohibited; all licensed lenders are required to adhere to the 18 percent APR loan cap.

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

Other Options for a Loan in Vermont

Since getting a payday loan on Vermont is an illegal route, Vermont residents have other alternatives you can choose from. These are:

  • Apply for a credit card. There is a huge selection of credit cards worth considering if you need extra money. These have more reasonable payments and lower interest rates.
  • Tribal loans. Tribal lenders are considered a sovereign entity and can thus abide by their own laws and do not have to abide by the state’s rules.

Most other forms of credit will attract fees. Go through a loan contract to have a clear indication of all the applicable fees associated with the loan.

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 Vermont
Find the Cheapest Payday Loans in Vermont
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What Customers Say About Us

4.61 based on 274 reviews

from Reviews.io

Compare Vermont Loans at Financer.com

Financer.com helps you compare the best personal loans in Vermont 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 Vermont and take the guesswork out of doing all the legwork yourself.

Loans in Vermont - FAQs

How much does a loan in Vermont cost?

The cost for a loan in VT will vary by lender. Always compare loan rates from direct lenders to find a loan offer that works for you. 

Example: A $500 loan for 31 days with a 210% APR will have a total of $88 in fees, with a total payback amount of $588.

Are payday loans allowed in Vermont?

No, payday loans are illegal in the state of Vermont. You can opt for a personal loan, credit card, or tribal loan instead. 

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