Montana Payday Loan

The state motto of Montana is: “Gold and Silver.” Wouldn’t it be nice to have some silver and gold reserves to help when those financial emergencies crop up? There is some good news for all Montana residents if you are strapped for cash. A cash loan can be just what you need to pay for unexpected expenses that otherwise would have to wait until your next payday. Living in the “The Treasure State”, you ask yourself, how do I find the right company? SameDayPayday is here to help. Browse detailed profiles and user reviews of the largest lenders nationwide. If loans are not available in your state, use our city links to find a local shop offering products and services such as consumer loans, check cashing, prepaid debit, and more.

Montana Payday Loan Lending Laws

Per Montana State Law Mont. Code Ann. 31-1-701, payday loans are restricted. Although technically legal, lenders are not allowed to charge more than 36% APR. Maximum loan amount is $300 for a period no longer than 31 days. No rollovers, extensions, or renewals are allowed. Non-sufficient funds (NSF) fees are capped at $30.

As of 2006, Montana had more than 104 payday lending locations. Today the number of licensed operators is lower since the Montana state legislature has put caps on how much interest a lender can charge. Internet searches are still strong though – in early 2017, “payday loans Montana” turned up 1,700,000 hits.

Individual states are primarily the ones in charge of regulating lending institutions. The cash advance lending industry floats atop the often rocky legal seas. While lenders lobby ardently to enable cash advance lending practices, their equally impassioned detractors lobby to prohibit short-term loans under the guise of consumer protection.

Montana Payday Loan - Cities

• Anaconda
• Belgrade
• Billings
• Bozeman
• Butte
• Great Falls
• Havre
• Helena
• Kalispell
• Laurel
• Lewistown
• Livingston
• Miles City
• Missoula
• Shelby
• Sidney