Payday loans in Alabama

Legality of payday advance in Alabama

Payday advance in Alabama state is totally legit. To see the details about legit payday loans in Alabama, refer to the credit document Ala. Code §§ 5-18A-1 et seq. As it was stated earlier, the maximum sum of short-term loan is $500. You should pay back borrowed funds within 10 days or the period can be extended up to 31 days. The creditor will charge you commission of 3%/month after default, or the percentage may reach up to 17.50%.

How many payday loans can you have in Alabama?

Payday loan Alabama state law allows taking the funds just one time as one payday loan. This means after receiving the credit, you cannot take another loan simultaneously until you return the money at a given location. This is since the credits are for a short period and minor amounts.

Direct payday loan lenders in Alabama

How can you apply for online payday loans in Alabama?

The online application procedure is not complicated and does not entail a pile of documents.
Individuals should meet the listed requirements to get an online payday advance in Alabama:

should be over 18 years old;

be a US citizen;

provide a permanent address, phone number, and email address;

have the regular income proof or required level of earnings;

have a bank account to which borrower will receive money;

have a valid ID or driver's license.