✓ Legal & RegulatedReviewed: Aug 2025
ConnecticutLoan Laws & Regulations
Official regulatory reference for borrowers and lenders in Connecticut. Includes permitted loan types, APR caps, lender licensing requirements, borrower rights, and government source links.
Max Loan
$5,000
Typical APR
36% APR
Max Term
36 months
Legal Status
Restricted
Connecticut Lending Regulator
The CT Dept of Banking oversees consumer lending in Connecticut, including licensing, enforcement, and consumer complaint resolution. Before borrowing from any lender, verify their license using the official regulator lookup tool linked above.
Regulatory Details
Detailed regulatory data for Connecticut is sourced directly from the CT Dept of Banking. For the most current requirements, visit: https://portal.ct.gov/DOB
Current Overview
Connecticut restricted lending with strong consumer protections. Safe personal loans available in Bridgeport and Hartford.
Legal Status: Restricted · APR Range: 36% APR · Max Amount: $5,000
Connecticut Lending FAQ
Are payday loans legal in Connecticut?▼
Yes. Payday loans are legal and regulated in Connecticut under the oversight of the CT Dept of Banking. Current APR range: 36% APR. Maximum loan: $5,000.
What is the maximum payday loan I can get in Connecticut?▼
The maximum short-term loan amount in Connecticut is $5,000. A $2,000 personal loan for 12 months in CT costs approximately $386 in interest at 36% APR.
Who regulates payday lenders in Connecticut?▼
The CT Dept of Banking is the primary state regulator. You can verify any lender's license at https://portal.ct.gov/DOB. Unlicensed lenders operating in Connecticut are illegal — always verify before borrowing.
What are the alternatives to payday loans in Connecticut?▼
Consider credit union PAL (Payday Alternative Loan) programs, licensed personal loan lenders, or non-profit credit counseling services in Connecticut.