✓ Legal & RegulatedReviewed: Aug 2025
Rhode IslandLoan Laws & Regulations
Official regulatory reference for borrowers and lenders in Rhode Island. Includes permitted loan types, APR caps, lender licensing requirements, borrower rights, and government source links.
Max Loan
$500
Typical APR
390% APR
Max Term
None
Legal Status
Legal
Rhode Island Lending Regulator
The RI Dept of Business Regulation oversees consumer lending in Rhode Island, 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 Rhode Island is sourced directly from the RI Dept of Business Regulation. For the most current requirements, visit: https://dbr.ri.gov/
Current Overview
Rhode Island payday loans up to $500 for Providence and statewide residents. Fast same-day approval with Bad credit considered.
Legal Status: Legal · APR Range: 390% APR · Max Amount: $500
Rhode Island Lending FAQ
Are payday loans legal in Rhode Island?▼
Yes. Payday loans are legal and regulated in Rhode Island under the oversight of the RI Dept of Business Regulation. Current APR range: 390% APR. Maximum loan: $500.
What is the maximum payday loan I can get in Rhode Island?▼
The maximum short-term loan amount in Rhode Island is $500. A $500 loan for 14 days in RI costs approximately $75 in fees. APR: 390%.
Who regulates payday lenders in Rhode Island?▼
The RI Dept of Business Regulation is the primary state regulator. You can verify any lender's license at https://dbr.ri.gov/. Unlicensed lenders operating in Rhode Island are illegal — always verify before borrowing.
What are the alternatives to payday loans in Rhode Island?▼
Consider credit union PAL (Payday Alternative Loan) programs, licensed personal loan lenders, or non-profit credit counseling services in Rhode Island.