Cash Advance Montana


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Request cash advance and payday loans in Montana

Back in 2010, Montana voters approved a ballot initiative that effectively ended cash advances, a major source for short-term loans. The idea was simple – cap cash advance interest rates at 36-percent and kill an industry. Referring to the cap, Joe Coleman, president of the Financial Service Centers of America, said that no lender can offer cash advances at that rate and stay in business. Still, voters overwhelmingly supported the bill. More recently, Montana consumers won a class-action lawsuit against a major online cash advance company for doing business in Montana without being registered in Montana. It’s clear that Montana is not a friendly place for cash advance lenders. If you’re a Montana resident and need a cash advance, it might not be possible. Still, you can get started on your loan request right now with our secure loan request form.

Montana Cash Advance Laws

In Montana, the maximum loan amount is $300, and the minimum amount is $50. (It is rare for a state to regulate a minimum amount.) There is no set maximum loan term because the maximum finance charge is capped at 36-percent APR. That means if you were to take out a 14-day, $100 loan, you’d pay a $1.39 finance charge. If it were to take you an entire year to pay off the loan, you’d still only end up paying $19.76 in interest. (Compare that to Missouri, where you can pay up to $75 in fees for a 14-day, $100 loan.) But good luck finding a lender in your area. It just doesn’t make sense for lenders to operate for such a small fee.

Montana Payday Loan Regulations

When you weigh your loan options, payday loans and cash advances only count as one option. These two phrases mean the same thing: short-term, small-dollar funding delivered and paid back in one lump sum. Since they are the same thing, both products have the same terms and limitations.

  • How Payday Loans Work – You borrow against upcoming income, agreeing to back the loan in full on a specified due date that is usually within a couple of weeks of when you receive your funding.
  • Maximum Amount – Lenders can offer up to $300.
  • Repayment Extensions – Rollovers are not permitted.

Montana State Economy

At 3.9-percent, Montana has one of the lowest unemployment rates in the country. In fact, the state’s highest unemployment rate (8.8-percent in May 1983) is fairly small when compared to other states. But this is just one of the factors you should consider when trying to figure out how reliable your next paycheck is.

Chances are you won’t be able to find a cash advance lender in your area. Montana voters decided not to support this short-term loan option and enforced an APR cap that shuttered an industry.


* strives to present accurate information on each state’s regulations; however, we do not guarantee accuracy of data as presented. Please contact your state’s department of finance or visit your state’s official website for the most accurate information and inquiries. You can find your state’s site here:

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