Loans by State

Personal Loans by State: Your Local Guide

Navigating the personal loan market in the United States requires understanding that lending laws vary significantly from one state to another. Local regulations determine everything from maximum interest rates (APR) to consumer protection rights.

Below you will find our detailed guides for specific states, helping you make an informed financial decision based on your location.

📍 Select Your State for Detailed Information:

• Florida – Learn about installment loan regulations and how to find competitive rates in the Sunshine State.

• California – A guide to personal financing in California, covering state-specific borrower protections and lender requirements.

• Illinois – Important updates on the 36% interest rate cap and how it affects your loan options in Illinois.

• Texas – Understand the diverse lending landscape in Texas, from traditional personal loans to specialized credit services.

• Washington – Access our guide on borrowing in Washington State, including legal limits and tips for local residents.

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Key Factors That Vary by State

When comparing loans across different regions, pay attention to these three critical factors:

1. Interest Rate Caps (APR): Some states, like Illinois, have strict caps (e.g., 36% APR), while others allow higher rates for certain types of credit.

2. Loan Terms and Amounts: Minimum and maximum loan amounts often differ. For instance, California has specific rules for loans under $2,500 regarding interest rates.

3. Consumer Protection Laws: Each state has its own regulatory body (like the Florida Office of Financial Regulation) that oversees lenders and handles borrower complaints.

How to Use These Guides

Each guide provides a breakdown of local lending rules, the types of loans available (installment, personal, or credit lines), and what you need to qualify. We recommend starting with the guide for your state of residence to understand your legal rights before signing any loan agreement.