Loans per state – Summary

Writer and editor - Lauren Ward | Updated on 2023-03-01

In order to get a loan in the United States, you typically have to go through a bank. However, not all states have the same number of banks or the same lending criteria.Whether you’re looking for a personal loan or a mortgage, it’s important to know what your options are. So take a look at this map and see where your state falls.

Personal loans are allowed in these state

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Some states we might have a harder time to serve with loan options

  • Arkansas
  • Arizona
  • Connecticut
  • Georgia
  • New york
  • New Hampshire,
  • Oregon
  • Virginia
  • Vermont
  • West Virginia
  • Washington

Installment loans in USA per state

Lending laws vary from state to state in the United States. Some states have more lenient laws when it comes to installment loans, while others are stricter. It’s important to research the laws in your specific state before taking out an installment loan.

Payday loans in USA per state

The legal landscape surrounding payday loans in the United States is complex and ever-changing. Depending on which state you’re in, the laws governing payday loans can vary quite a bit.

In general, however, most states have enacted some form of regulation surrounding payday loans. This typically takes the form of capping the maximum loan amount, limiting the number of rollovers or renewals, and/or imposing a minimum repayment period.

If you’re considering taking out a payday loan in the USA, be sure to research the laws in your state so that you know what to expect.

Unsecured Personal loans in USA per state

The laws governing personal loans vary from state to state in the United States. As such, it is important to research the laws in your particular state before taking out an unsecured personal loan. Some states may have stricter regulations than others, so it is important to be aware of these before agreeing to any loan terms. Additionally, some lenders may only operate in certain states, so be sure to check this as well. Ultimately, by doing your research and understanding the law in your state, you can help ensure that you are getting a fair and legal loan.

Lauren Ward

Lauren Ward
Writer and editor

Specializing in original, well-researched web content, including blog posts, news articles and web copy. Areas of expertise include personal finance and lending. 10 years of experience as freelance writer and working at Federal Reserve Bank of Richmond.
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