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Trusted Personal Loans in Rhode Island


  • Nearest Licensed Lending Option
  • Best and Affordable Rates
  • All Credit are Approved
  • Simple & Safe Application Process


Considering the list of licensed installments payback lenders in Rhode Island, you can access significant bad credit personal loans in RI to fund a quick financial need. There are no real restrictions regarding what you decide to do with the cash advanced. But the purpose for which you borrow must be legal in the state and all of the US.

Get Direct Payday Loans in RI

By tapping into the various options availed by a number of RI payday lenders, you can obtain quick cash affordably, effortlessly and fast. The various direct lenders in RI will let you borrow up to $500 to be repaid in a minimum 13 days so you can pay for immediate expenses. It won’t matter whether you need the cash for buying consumer items or bailing out a more privy issue.

There is something for every kind of paycheck loan borrower to help get to that next paycheck. Bad credit will not bar you from accessing a bad credit payday loan, provided you demonstrate an ability to repay it.

How it Works

You can also apply for and access both loans from the comfort and convenience of your home. Many of the RI payday and installment credit companies have rolled out online finance solutions to help you access the emergency cash you need as fast as you need it.

It only takes a few minutes to fill out your personal details and get an almost instant decision regarding whether you are green-lighted for the amount you ask for or not.

All you’ll need is:

  • Be at least 18 years of age
  • Provide personal information such as valid ID form, social security number, email, phone number, and residential address
  • Be an American Citizen
  • Have a proven source of income
  • Existing checking account

Lending Regulations in Rhode Island

Both payday and installment lending is legal in Rhode Island. However, the industry is closely regulated. According to the Statuses Title 19 (Chapter 19.14.4-1 et seq.), a single lender is allowed to only offer up to a maximum of three cash advances but the total should not exceed $500 at any one time. Also, a lender is prohibited from offering more than one rollover (they’ll charge an additional fee here, which should be indicated in the loan agreement).

Still, the state law requires that lenders clearly indicate their rates and loan terms before you sign up for the money. The maximum APR for a $100 loan with a term of 14 days is 260%–hence the finance charge for it is $10. Also, you are only liable to pay 10% of the amount loaned as the deferred deposit transaction fee. Any additional charges (e.g. collection and rollover fees) should be clearly indicated in the loan agreement.

There’s also no clearly indicated limit to how much you can borrow in RI, but cash advance extensions are explicitly prohibited here.

Be sure to read up on these. Most documents are easy to comprehend and follow.

Average Credit Score in Rhode Island

RI’s credit score is 672 which is lower than the national average score of 695 according to the FICO score. However, FICO’s score indicates about 89% of RI residents have improving credit scores.

Population and Demographics

Rhode Island is home to about 1,052,940 Americans in July 2016, which is an increase from 2010’s 1,048,319 according to the Census Bureau. 51.4% of the total population is comprised of females, and most residents of RI (84.4%) are of White descent. About 8% are Black and the rest are of American Indian and Alaska Native descents.

Rhode Island Economic Indicators

Rhode Island’s economy revels in manufacturing, merchant wholesale, and retail sales. The Census Bureau reported that the state grew employment by 1% over 2014/2015. About 65.5% of the working population (above 16 years) make a living in the civilian labor force. And the per capita income in 2015 was $31,118.