Representative Example:
On an assumed loan amount of $300 over 3 months. Representative 400% APR. Total repayment amount $518.91. 3 monthly payments of $218.91.
Fast Payday Loans In Kentucky.
Bad Credit Welcome.
Whether you are in Louisville, Lexington, Frankfort, or elsewhere in Kentucky, we can help you find a Loans to suit your needs! Capital Bean can help you gain quick access to funds to overcome emergency financial setbacks.
Capital Bean Can Help You Find A Payday Loan In Kentucky
If you are in Kentucky and need cash between paychecks, Capital Bean can help you gain quick access to funds. Whether it is a burst pipe, medical emergency or car breakdown, there are many reasons why you might need quick access to funds. Our online services are quick and easy to use and can help you find a payday loan anywhere in Kentucky. Apply today and get a decision in minutes!
How Can I Apply For A Payday Loan In Kentucky?
Capital Bean makes it easy to apply for a payday loan with our 100% online form. It will take you less than 5 minutes to apply and you can get an instant decision.
Is A Kentucky Payday Loan The Right Product For Me?
Many of our borrowers work with Capital Bean to help them get through short-term financial problems such as an unexpected medical expense, burst pipe or broken down car. Once you’ve been approved by our panel the funds could be in your bank account in less than an hour.
Capital Bean helps people in Kentucky find a payday loan with the best options
- Instant decisions
- Flexible repayment options
- Options for borrowers with poor credit
- Online loan request form
Payday loans are not the answer for everyone. If you are looking for extra cash to spend on shopping or going out, payday loans are not the best option. For anyone suffering long-term financial problems, they should explore alternative options. Payday loans should only ever be used for short-term, emergency expenses.
Always read the lender’s terms and conditions carefully to make sure you can afford this loan over the time period requested. If you are unable to meet a repayment on the due date for any reason, this will increase the amount of interest you need to pay and could negatively impact your credit score.
Am I Eligible For A Payday Loan in Kentucky?
To save time and potential disappointment, you should always check whether you’re eligible for a loan before using the online request form. To be eligible for a payday loan in Kentucky, there are four key eligibility requirements. Applicants must be:
- Residents of the US
- At least 18 years old.
- Demonstrate a monthly income of at least $800.
- Have an active checking account where your payday loan can be paid into.
Are Payday Loans Legal In Kentucky?
Payday loans are legal in the state of Kentucky. State law orders a maximum payday loan amount of $500 and a maximum loan term of 60 days. Unlike many other states, rollovers are legally permitted in Kentucky meaning that lenders can roll the loan over if the borrower is unable to meet repayment on the due date. The average APR of a loan in Kentucky is 460% for a $300 payday loan. Law states that finance charges per $100 should not exceed $15.
Can I Get A Kentucky Payday Loan If I Have Very Bad Credit?
Even if you have bad credit, you may still be eligible for a loan. In the state of Kentucky, you can still find a payday loan even if you’ve been turned down by an app or credit union or bank in the past for your bad credit. You might have made a mistake in the past that has impacted your credit score, but we at Capital Bean believe you should always have the opportunity to rebuild your financial strength. Working with borrowers from all backgrounds, Capital Bean can help you get started today to find the right payday loan for you.
How Can I Find A Payday Loan In Kentucky?
Our application process for Kentucky payday loans is 100% online. This means that with Capital Bean you can get up to $35,000 today from your phone or tablet in the comfort of your own house. Our application process can be completed in under 5 minutes and the decision is made instantly by our lenders.
We aim to make the payday loan process as quick and easy as possible meaning that you could have the money in your account in under an hour!
At Capital Bean, we understand that sometimes time is of the essence. When you’re hit with unexpected expenses, your main priority is getting quick and safe access to money. That is why with our fast, online application, we can get you approved within minutes and get funds to you in under an hour!
If you are experiencing long-term financial problems or looking to take out money over a long period of time, payday loans may not be for you. Always read the lender’s terms and conditions before making an application and make sure that you are taking out the loan for the right reason.
What Are The Repayment Terms Of A Payday Loan In Kentucky?
The terms and conditions of your loan will vary depending on which lender you decide to work with. If you’re taking out a small loan ($1,000 or less) we find that the most common repayment time frame is two to four weeks.
If you’re borrowing over $1,000 (up to $35,000) these payments are usually spread over a longer period of time.
In Kentucky, the maximum loan term is 60 days; however, rollovers are permitted.
If for any reason you struggle to pay back the loan amount,this could impact the amount of interest you need to pay and could negatively impact your credit rating in the long term.
Where In Kentucky Can I Get A Payday Loan?
We work with lenders across the whole of Kentucky and so work in a city near you. We work in the following cities and towns and all across Kentucky.
Alexandria
Paris
La Grange
Franklin
Mayfield
Middletown
Oakbrook
Francisville
Middlesborough
Elsmere
Harrodsburg
Fort Knox
Maysville
Hillview
Fort Mitchell
Edgewood
Oak Grove
Louisville
Jefferson County
Lexington-Fayette
Bowling Green
Owensboro
Covington
Georgetown
Richmond
Florence
Elizabethtown
Nicholasville
Hopkinsville
Independence
Jeffersontown
Frankfort
Henderson
Paducah
Corbin
Mount Sterling
Union
London
Villa Hills
Pikeville
Flatwoods
Russellville
Morehead
Hebron
Taylor Mill
Highland Heights
Vine Grove
Leitchfield
Cynthiana
Lebanon
Crestwood
Cold Spring
Princeton
Wilmore
Dayton
Buckner
Walton
Bellevue
Douglass Hills
Williamsburg
Massac
Hazard
Columbia
Hendron
Benton
Hurstbourne
Prospect
Greenville
Farley
Ludlow
Paintsville
Central City
Fort Wright
Monticello
Radcliff
Ashland
Erlanger
Madisonville
Winchester
Mount Washington
Burlington
St. Matthews
Shelbyville
Murray
Danville
Fort Thomas
Berea
Shively
Glasgow
Fort Campbell North
Shepherdsville
Newport
Campbellsville
Lyndon
Versailles
Crescent Springs
Reidland
Scottsville
Louisville
Lexington
Owsley
Wolfe
McCreary
Clay
Lee
Elliott
Magoffin
Jackson
Knox
Casey
Westwood CDP
Bardstown
Somerset
Lawrenceburg
How Fast Can I Get A Payday Loan?
Fill out our 100% online request form and receive a decision about your loan approval in minutes. If your application is successful, you could even receive the funds directly into your account on the same day.
Capital Bean aims to make the process as fast and straightforward as possible. That is why we work with multiple lenders across Kentucky to help get the money to you as quickly as possible. Successful applications can receive money from the lender straight into their account in as little as an hour.
To speed up the process and to help you get fast access to funds, make sure you have relevant information ready to fill out the form such as your bank account details. If you are wanting to receive the decision as quickly as possible, make sure to submit your application during Kentucky working hours as this is when the majority of loans are approved. Being able to respond quickly to any queries or document requests will make it more likely that your loan is approved.
What Is The Process To Request A Loan In Kentucky?
Get started today by clicking on the ‘get started’ button below. This will take you straight to the online form. Answer some simple questions about how much you wish to borrow and over how much time. You will also be asked for a few personal details including your income, monthly expenditure and employment status.
What Are The Laws And Regulations For A Kentucky Payday Loan?
- Legal Status – Legal
- Interest Rate (APR) – 460% APR*
- Minimum Loan Amount – Not Specified
- Maximum Loan Amount – $500
- Minimum Loan Term – Not Specified
- Maximum Loan Term – 60 days
- Number of Rollovers – 0
- Finance Charges – $15 per $100
- Statute of Limitations – 10 years (from the last payment)
- Database Loan Tracking – Yes
Reference: NCSL
How Much Would A $300 Payday Loan Cost In Kentucky?
The maximum payday loan in Kentucky is $500. $300 is a common amount that is borrowed. In Kentucky, the maximum APR is 460% and you have to pay back the total amount in 60 days.
Let’s assume a borrower in Kentucky has borrowed $300 and then paid it back in 30 days in one installment. They will pay back a total of $430.
This is broken down into $300 from the principal amount, $115 in interest, and $15 in finance charges.
Frequently Asked Questions For Payday Loans In Kentucky
Can You Offer Payday Loans Across The Whole State of Kentucky?
Payday loan amounts range from $100 to $35,000 although Kentucky state law prohibits loans of more than $1000 or 25% of gross monthly income.
How Much Can I Borrow?
With Capital Bean you can borrow anywhere from $100 to $35,000. In Kentucky the maximum payday loan you can borrow at one time is $500.
How Much Does A Payday Loan In Kentucky Cost?
Payday loans in Kentucky have an APR that ranges from 37% for good credit and the maximum is 460% APR for bad or very bad credit or short-term products. These rates might seem high but it is the APR for the whole year since you’ll only pay for a few weeks or months it is just an illustration.
Are There Fees For Applying?
Where In Kentucky Can I Find Capital Bean?
No – there are no fees for applying through Capital Bean. Our online application is 100% online and we work on a commission basis that is paid once you’ve been accepted for a loan with the best rates for you.
How Long Can I Borrow A Payday Loan For?
We offer loans that can be paid back from 1 to 60 months in length. In Kentucky the maximum loan term is 60 days.
Can I Repay My Loan Early?
Yes – you can pay back your loan early and save money on the interest rate that you have been quoted. The first step is to contact your lender and let them know you want to repay your loan early Then you will need to pay back the full amount to them via an online portal or through the phone.
Does Capital Bean Make Loans Directly?
Where are we in Kentucky?
No – Capital Bean is not a direct lender and acts as a loan broker. We introduce you to the best broker in Missouri who will find you the best rates for your circumstances. We receive a small commission if your loan is successful.
