Payday Loans in New Hampshire – Bad Credit Loans Online

Payday loans in New Hampshire can be helpful if you are facing unexpected expenses or tight funds. Payday loans are short-term loans that allow you to get money quickly when needed. Learn more about New Hampshire’s laws and how payday loans work.

A payday loan is a good option if facing financial difficulties or setbacks. New Hampshire law protects consumers against predatory lending practices.

It caps the maximum interest rate at 5% and requires all lenders to be licensed. Learn more about payday loans and the costs involved in applying.

Are New Hampshire Payday Loans legal?

Yes, payday loans in New Hampshire are legal. New Hampshire Statutes Chapter 399-A:1 et seq. All payday lenders are subject to the New Hampshire Statutes Chapter 399-A:1 et seq. Payday lenders must have a license to operate. There is also a strict limit on interest.

  • Maximum loan amount: $500
  • Loan term:7-30 days
  • APR: 36%
  • Financing fees: A 14-day $100 loan costs $1.38

New Hampshire law prohibits refinancing or rolling over loans. You cannot have more than one loan outstanding at once. It also bans you from having any other loan. Each loan must be taken out within 60 days.

If you default on your loan, there are no collection fees. However, any outstanding balance will continue accruing interest at 6% annually. You can make partial payments of up to $50 without penalty.

In New Hampshire, you can also apply for an installment loan. Installment loans, which are a shorter-term loan option to payday loans but have a more extended repayment period and lower interest rates, can be used as an alternative.

How do I apply for a New Hampshire Payday Loan?

Before you can apply to New Hampshire, your age must be 18, and you must be a US citizen, permanent resident, or have a steady source of income.

Online or in-person applications to lenders will usually require that you provide personal information to verify your identity. 

This includes your Social Security number and information about your employment. Online lenders may require that you have access to your checking account to deposit the loan and debit the due payments.

Things to remember before you take out a Payday Loan

Although payday loans might help you get by when you’re in a financial bind, they’re still expensive. If you’re having trouble paying off your debt while still paying your obligations, you might want to look into these New Hampshire aid programs.

Medicaid, Food Stamps, and the Fuel Assistance Program are all programs that can assist you in avoiding taking on additional debt.

Other options include asking for help from friends and family, applying for a loan at a local credit union, or taking out a cash advance with a credit card.

Have additional questions about New Hampshire payday loans?

Is there a cooling-off period in New Hampshire?

  • Yes. Before you can apply for a new loan, you must wait at most 60 days.

I found an online lender that offered an APR of over 36%. Is this legal?

  • No. Move on if a lender won’t give you the legal rate.

Who do I contact to report a New Hampshire payday lender?

  • Get in touch with New Hampshire State Banking Department.


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Brycen Schinner works as an editor of personal finance. He holds an English literature degree from the University of Colorado Boulder. In the past as a lead editor at eBay as well as a manager of the writer's team that wrote about eBay's content team across the globe. He also wrote for Yahoo. After joining in 2013, He has covered subjects that range from personal loans and managing debt.