Payday loans in Kentucky

Legality of payday advance in Kentucky

It is essential to mention that payday advance in Kentucky State is an approved and licensed business. To see the details about the limitations the procedure involves, refer to the credit document Kentucky Rev. Stat. Ann. §§ 286.9.010 et seq. Legit payday loans in Kentucky may have restrictions. As we have mentioned right before, the sum of a short-term loan must not exceed 500 USD. You should pay back borrowed funds between 14 and 60 days. The creditor will charge a commission of 15 USD per 100 USD on face value of check + 1 USD database fee.

How many payday loans can you have in Kentucky?

According to the state’s regulations, the system allows taking the funds just two times. Payday loan in Kentucky is a legal and fully approved activity. Bear in mind that the rule applies to 500 USD aggregate loans outstanding to all licensees. It means that the total of the two loans must not exceed 500 USD. Because the credits are for a short period and minor amounts, the funds must be returned within the indicated period at a given location.

Direct payday loan lenders in Kentucky

How can you apply for online payday loans in Kentucky?

The procedure for online applicants is simple and comprehensive. You do not need to waste time while filling out tons of papers. All customers should meet the listed requirements to get an online payday advance in Kentucky:

should be over 18 years old;

be a US citizen;

provide a permanent address, phone number, and email;

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.