Loans Laws in California

Every state regulates short-term Payday loans in their own way. Small-dollar loans may be legal, restricted in terms of APR and other conditions, or prohibited by law. The Government determines the maximum and minimum loan amount, repayment period, interest rates and other finance charges, possibility of rollovers and extensions, etc. For detailed information on regulations in California  check the table below:

MAX Loan Amount $300
MAX APR 460.00%
Repayment Terms up to 31 days
Eligibility Criteria
  • US residence
  • An active bank account.
  • Proof of income.
  • Valid identification.
  • At least 18 years of age.

What is the Maximum Payday Loan Amount?

The maximum amount usually varies by your state's laws and may depend on several factors such as your income, your credit score, information on your credit report, etc. Max Payday Loan amount for California residents is $255. It means that most California lenders will provide you with up to 255 dollars of instant cash if you apply for short-term Loans.

How many Payday Loans can you get?

California residents are allowed to take only one loan at a time. According to California Deferred Deposit Transaction Law, every borrower must repay the loan in full before taking another one. Those, who need more financing but can’t get two loans or multiple loans at once, may try to apply for another type of credit from state licensed lenders.


California Department of Financial Protection and Innovation allows licensed lenders to charge a maximum of $45 in fees for a $300 Payday Loan. It equals to the APR of 372% which is rather high in comparison to credit cards and Personal Loans.

The fees shouldn’t exceed 15% of the face value of the check. It Means that the fee charged for a $100 deferred presentment loan would be $17.64. You’d better check the loan agreement to find out exact Loans rates and other financial charges.

$ Amount Borrowed

$ Fees Charged

$ Amount Due








































Payday Loan Non-Sufficient Funds Fee

Besides, there’s a NSF (Non-Sufficient Funds) Fee of $15.00 for Payday Loans in California. It means that if there’s not enough money on your banking account when it’s time to withdraw the loan payment, you’ll be charges $15 penalty.


Any resident of California who meets the following simple eligibility criteria and can provide these documents is likely to get approved for Loans:

  • Over 18 years of age;
  • An active bank, credit union, or prepaid debit card account. California residents must have a checking account that has been open for at least one month.
  • Proof or verification of income from a job or other source
  • Valid government-issued ID
  • Valid Social Security Number or Individual Taxpayer Identification Number
  • A valid e-mail address is required to verify your information;
  • You must not currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief.
  • You must not be a member of the Army, Navy, Marine Corps, Air Force, or Coast Guard currently serving on active duty under a call or order that does not specify a period of 30 days or fewer, a member of the reserves (including National Guard) on active duty, or a dependent of the foregoing members.

Paying off a loan early

Most California payday lenders don’t charge any prepayment penalty if you decide to repay the money before the financial term. If you can pay off the loan early, it may save you good money in case no additional fees are charged.

Payday Loan rollovers or extensions

Sometimes it happens so that a borrower is not able to pay off a loan on time. There’re several options to consider in such case. In California, rollovers are prohibited. So are loan extensions. However, you can discuss the opportunity of a repayment plan to help you avoid high penalty fees.

Can you go to jail for not paying back a Payday loan?

The matter of imprisonment of debts is left up to each state. California laws and regulations as well as the main Payday Loan regulator - Consumer Financial Protection Bureau prohibit any arrests for the reason of defaulting on a payday loan. It’s not considered a criminal offence which means the court can’t order jail time for not paying back a payday loan.

Why are Loans so Easy?

Getting Payday cash advance in California online is easy and convenient due to a number of benefits.

  • It saves you time
  • You apply from home without any driving or waiting
  • The application requires only basic personal information
  • You can get the loan even with a very bad credit score
  • You get an approval decision in a few minutes
  • Direct lenders provide emergency cash advance with no hard credit check
  • The funds can be deposited into your bank account the same day
  • All the process is fast, easy, and confidential.

California Payday Loans in 3 Easy Steps!


Start an online application

To apply for a Loan online in California start with filling out a simple application form that requires you to state your name, last name, e-mail address for verification, and the amount of the loan you need.


Get instant decision

Then, a direct lender processes your personal information and makes a decision whether to approve you for this amount or not and what rates and terms to offer.


Approved applicants receive same day Loans

In most cases you get instant approval and the money is deposited into your bank account the same day, or maximum in 1 - 2 business days depending on the time when you submit a loan request and how your bank works.

Is a bad credit score a problem for Payday Loan lenders in California?

Payday Loans in contrast to long-term financial solutions are short-term unsecured individual cash advance for borrowers with both good and bad credit.  Most California direct lenders offer up to $255 Payday Loans online to applicants with bad credit scores. In most cases, your creditworthiness is determined on the basis of your income and other factors. A lot of lending companies don’t even do a hard credit check. However, lenders may often do at least a soft inquiry to make a loaning decision.

Where can I find California Payday Loans no credit check?

Choose online Loans and you'll be surprised how easy it is to find a direct lender offering quick cash advance with no hard credit check. As most lending business companies provide emergency funding regardless of your credit score rating they don't bother to check your reports from the major credit bureaus, or from the Teletrack. A soft inquiry may be enough to make sure that you are safe to lend money to. If you have a stable income and no outstanding debts, it assures the lender that you shall repay the money on time.

Select your city to find the best Payday Loan direct lenders near you