Small Loan Act applies
Effective Jan 2025Rhode Island lenders should document procedures that reflect this requirement and capture borrower acknowledgements during 2025 audits.
Review official guidance↗Connect with 94+ Local & National Lenders
AI SUMMARY SNAPSHOT
EDUCATION HUB
Understand loan demand, lender density, and average approvals in Providence.
Explore→Confirm RI licensing rules and federal protections that apply to Providence borrowers.
Explore→Actionable steps to stay above the 672 average and secure better terms.
Explore→Read expert explainers on loan approval and credit optimization before you apply.
Explore→Explore nearby cities with active lending markets to compare offers and coverage areas.
$52,845
$385,000
$14,200
94+
Providence, Rhode Island capital with multiple universities (Brown, RISD), has education, healthcare, finance, jewelry manufacturing, and creative economy.
Takes just 2-3 minutes. We'll ask about your loan needs and basic financial information.
Our AI instantly connects you with lenders serving Providence, RI.
Review loan offers from multiple lenders and choose the best rate and terms for you.
Many Providence residents receive funds in as little as 1 business day after approval.
COMPLIANCE BRIEFING
Rhode Island lenders should document procedures that reflect this requirement and capture borrower acknowledgements during 2025 audits.
Review official guidance↗Rhode Island lenders should document procedures that reflect this requirement and capture borrower acknowledgements during 2025 audits.
Review official guidance↗Rhode Island lenders should document procedures that reflect this requirement and capture borrower acknowledgements during 2025 audits.
Review official guidance↗CREDIT PLAYBOOK
EDUCATION FAQ
Providence personal loans average $14,200, with top-tier borrowers seeing offers above that figure when debt-to-income stays under 35%.
The typical applicant scores 672. Arrive 20 points above that and lenders often waive origination fees for education loans.
Follow Rhode Island's consumer finance rules and federal disclosures on APR and fees—most Providence lenders mirror state-level rate caps and documentation requirements.
Providence borrowers commonly receive deposits within one business day after final approval. Completing income verification and bank account linking during the application helps avoid back-and-forth delays.
Have photo ID, recent pay stubs or 1099s, proof of Rhode Island residency, and documentation of monthly housing costs ready. Uploading these with your application keeps Providence underwriting teams on schedule.
FURTHER READING
Get matched with 94+ lenders serving Providence residents.
Fast, free, and secure. Compare offers from 94+ lenders in minutes.
Get Started Now