✓ Legal & RegulatedReviewed: Aug 2025
VirginiaLoan Laws & Regulations
Official regulatory reference for borrowers and lenders in Virginia. Includes permitted loan types, APR caps, lender licensing requirements, borrower rights, and government source links.
Max Loan
$2,500
Typical APR
36% APR + Fees
Max Term
24 months
Legal Status
Legal
Virginia Lending Regulator
The Virginia SCC oversees consumer lending in Virginia, 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 Virginia is sourced directly from the Virginia SCC. For the most current requirements, visit: https://www.scc.virginia.gov/
Current Overview
Virginia payday and personal loans up to $2,500 with longer repayment terms. Fair rates for Virginia Beach, Richmond and statewide residents.
Legal Status: Legal · APR Range: 36% APR + Fees · Max Amount: $2,500
Virginia Lending FAQ
Are payday loans legal in Virginia?▼
Yes. Payday loans are legal and regulated in Virginia under the oversight of the Virginia SCC. Current APR range: 36% APR + Fees. Maximum loan: $2,500.
What is the maximum payday loan I can get in Virginia?▼
The maximum short-term loan amount in Virginia is $2,500. A $1,000 loan for 6 months in VA costs approximately $110 in interest. APR: 36% + fees.
Who regulates payday lenders in Virginia?▼
The Virginia SCC is the primary state regulator. You can verify any lender's license at https://www.scc.virginia.gov/. Unlicensed lenders operating in Virginia are illegal — always verify before borrowing.
What are the alternatives to payday loans in Virginia?▼
Consider credit union PAL (Payday Alternative Loan) programs, licensed personal loan lenders, or non-profit credit counseling services in Virginia.