Hawaii’s DFI says the payday-loan law was repealed effective January 1, 2022. The replacement framework authorizes small-dollar installment loans up to $1,500, repayable over as long as 12 months, with interest up to 36%.
A longer schedule can make each payment smaller while keeping debt in the budget longer. Compare total payments, due dates, and stated fees rather than looking only at the first installment.
Use DFI’s current list of small-dollar installment lenders authorized to do business in Hawaii. Contact the Division of Financial Institutions about a suspected problem and retain your contract and payment history.
Official reference: Hawaii DCCA DFI — Small-Dollar Installment Loans. Checked November 11, 2026.