Personal Loans by State - Compare Rates & Requirements

Find state-specific personal loan information, requirements, and regulations.

Compare average rates, loan amounts, and lending laws across all 50 US states. Each state has unique lending regulations, interest rate caps, and consumer protection laws. Use our comprehensive guide to understand personal loan options in your state.

Find Personal Loan Information for Your State

Showing 50 states

Alabama

AL

Alabama offers competitive personal loan rates with flexible terms for residents.

Population:5.0M
Avg. Loan Amount:$15,000
Avg. Interest Rate:10.5%
Max Loan Amount:$50,000

Key Regulations:

  • β€’Consumer Credit Act applies
  • β€’Max APR: 36% for most lenders

Popular Cities:

Birmingham, Montgomery, Mobile

Alaska

AK

Alaska residents have access to personal loans with unique state protections.

Population:730K
Avg. Loan Amount:$18,000
Avg. Interest Rate:11.0%
Max Loan Amount:$50,000

Key Regulations:

  • β€’State-regulated lending laws
  • β€’Consumer protection standards

Popular Cities:

Anchorage, Fairbanks, Juneau

Arizona

AZ

Arizona provides diverse lending options with competitive rates for personal loans.

Population:7.4M
Avg. Loan Amount:$16,000
Avg. Interest Rate:9.8%
Max Loan Amount:$75,000

Key Regulations:

  • β€’Arizona Revised Statutes govern loans
  • β€’Interest rate caps apply

Popular Cities:

Phoenix, Tucson, Mesa

Arkansas

AR

Arkansas offers personal loans with state-specific consumer protections.

Population:3.0M
Avg. Loan Amount:$14,000
Avg. Interest Rate:11.2%
Max Loan Amount:$45,000

Key Regulations:

  • β€’Arkansas Constitution limits rates
  • β€’Check Cashers Act applies

Popular Cities:

Little Rock, Fort Smith, Fayetteville

California

CA

California offers some of the most competitive personal loan rates in the nation with extensive consumer protections.

Population:39.2M
Avg. Loan Amount:$20,000
Avg. Interest Rate:8.5%
Max Loan Amount:$100,000

Key Regulations:

  • β€’California Financing Law applies
  • β€’Strong consumer protection laws

Popular Cities:

Los Angeles, San Francisco, San Diego

Colorado

CO

Colorado provides flexible personal loan options with reasonable interest rates.

Population:5.8M
Avg. Loan Amount:$17,000
Avg. Interest Rate:9.2%
Max Loan Amount:$75,000

Key Regulations:

  • β€’Uniform Consumer Credit Code
  • β€’Rate limitations apply

Popular Cities:

Denver, Colorado Springs, Aurora

Connecticut

CT

Connecticut offers competitive loan rates with strong consumer protection laws.

Population:3.6M
Avg. Loan Amount:$18,500
Avg. Interest Rate:9.0%
Max Loan Amount:$80,000

Key Regulations:

  • β€’Banking Department oversight
  • β€’Interest rate caps

Popular Cities:

Hartford, New Haven, Stamford

Delaware

DE

Delaware provides accessible personal loans with favorable terms.

Population:1.0M
Avg. Loan Amount:$16,500
Avg. Interest Rate:9.5%
Max Loan Amount:$70,000

Key Regulations:

  • β€’State Bank Commissioner oversight
  • β€’Consumer protection laws

Popular Cities:

Wilmington, Dover, Newark

Florida

FL

Florida offers diverse personal loan options with competitive rates and flexible terms.

Population:22.2M
Avg. Loan Amount:$17,500
Avg. Interest Rate:9.3%
Max Loan Amount:$85,000

Key Regulations:

  • β€’Florida Consumer Finance Act
  • β€’Office of Financial Regulation oversight

Popular Cities:

Miami, Orlando, Tampa

Georgia

GA

Georgia provides competitive personal loan options with state oversight.

Population:10.9M
Avg. Loan Amount:$16,000
Avg. Interest Rate:9.8%
Max Loan Amount:$75,000

Key Regulations:

  • β€’Industrial Loan Act governs loans
  • β€’Department of Banking supervision

Popular Cities:

Atlanta, Savannah, Augusta

Hawaii

HI

Hawaii offers personal loans with unique island state considerations.

Population:1.4M
Avg. Loan Amount:$19,000
Avg. Interest Rate:10.0%
Max Loan Amount:$70,000

Key Regulations:

  • β€’Hawaii Revised Statutes apply
  • β€’Consumer protection measures

Popular Cities:

Honolulu, Pearl City, Hilo

Idaho

ID

Idaho provides accessible personal loans with competitive terms.

Population:1.9M
Avg. Loan Amount:$15,500
Avg. Interest Rate:10.2%
Max Loan Amount:$60,000

Key Regulations:

  • β€’Idaho Credit Code applies
  • β€’Department of Finance oversight

Popular Cities:

Boise, Meridian, Nampa

Illinois

IL

Illinois offers competitive personal loan rates with strong consumer protections.

Population:12.6M
Avg. Loan Amount:$17,000
Avg. Interest Rate:9.4%
Max Loan Amount:$80,000

Key Regulations:

  • β€’Consumer Installment Loan Act
  • β€’Department of Financial Regulation

Popular Cities:

Chicago, Aurora, Naperville

Indiana

IN

Indiana provides flexible personal loan options with reasonable rates.

Population:6.8M
Avg. Loan Amount:$15,500
Avg. Interest Rate:10.0%
Max Loan Amount:$65,000

Key Regulations:

  • β€’Uniform Consumer Credit Code
  • β€’Department of Financial Institutions

Popular Cities:

Indianapolis, Fort Wayne, Evansville

Iowa

IA

Iowa offers personal loans with competitive rates and consumer protections.

Population:3.2M
Avg. Loan Amount:$14,500
Avg. Interest Rate:10.3%
Max Loan Amount:$55,000

Key Regulations:

  • β€’Iowa Consumer Credit Code
  • β€’Banking Division oversight

Popular Cities:

Des Moines, Cedar Rapids, Davenport

Kansas

KS

Kansas provides accessible personal loans with state oversight.

Population:2.9M
Avg. Loan Amount:$14,800
Avg. Interest Rate:10.1%
Max Loan Amount:$60,000

Key Regulations:

  • β€’Kansas Consumer Credit Code
  • β€’Office of the State Bank Commissioner

Popular Cities:

Wichita, Overland Park, Kansas City

Kentucky

KY

Kentucky offers personal loans with flexible terms and state protections.

Population:4.5M
Avg. Loan Amount:$15,000
Avg. Interest Rate:10.5%
Max Loan Amount:$55,000

Key Regulations:

  • β€’Kentucky Revised Statutes govern loans
  • β€’Department of Financial Institutions

Popular Cities:

Louisville, Lexington, Bowling Green

Louisiana

LA

Louisiana provides personal loan options with state regulatory oversight.

Population:4.6M
Avg. Loan Amount:$15,500
Avg. Interest Rate:10.8%
Max Loan Amount:$60,000

Key Regulations:

  • β€’Louisiana Consumer Credit Law
  • β€’Office of Financial Institutions

Popular Cities:

New Orleans, Baton Rouge, Shreveport

Maine

ME

Maine offers competitive personal loan rates with consumer protections.

Population:1.4M
Avg. Loan Amount:$16,000
Avg. Interest Rate:9.9%
Max Loan Amount:$65,000

Key Regulations:

  • β€’Maine Consumer Credit Code
  • β€’Bureau of Financial Institutions

Popular Cities:

Portland, Lewiston, Bangor

Maryland

MD

Maryland provides diverse personal loan options with competitive rates.

Population:6.2M
Avg. Loan Amount:$18,000
Avg. Interest Rate:9.1%
Max Loan Amount:$85,000

Key Regulations:

  • β€’Commercial Law Article governs loans
  • β€’Commissioner of Financial Regulation

Popular Cities:

Baltimore, Columbia, Silver Spring

Massachusetts

MA

Massachusetts offers competitive personal loan rates with strong consumer laws.

Population:7.0M
Avg. Loan Amount:$19,000
Avg. Interest Rate:8.8%
Max Loan Amount:$90,000

Key Regulations:

  • β€’Division of Banks oversight
  • β€’Truth in Lending Act compliance

Popular Cities:

Boston, Worcester, Springfield

Michigan

MI

Michigan provides accessible personal loans with reasonable interest rates.

Population:10.0M
Avg. Loan Amount:$16,500
Avg. Interest Rate:9.6%
Max Loan Amount:$75,000

Key Regulations:

  • β€’Regulatory Loan Act applies
  • β€’Department of Insurance and Financial Services

Popular Cities:

Detroit, Grand Rapids, Warren

Minnesota

MN

Minnesota offers competitive personal loan options with consumer protections.

Population:5.7M
Avg. Loan Amount:$17,000
Avg. Interest Rate:9.3%
Max Loan Amount:$75,000

Key Regulations:

  • β€’Minnesota Statutes govern loans
  • β€’Department of Commerce oversight

Popular Cities:

Minneapolis, St. Paul, Rochester

Mississippi

MS

Mississippi provides personal loans with state regulatory oversight.

Population:2.9M
Avg. Loan Amount:$14,000
Avg. Interest Rate:11.0%
Max Loan Amount:$50,000

Key Regulations:

  • β€’Small Loan Privilege Tax Law
  • β€’Department of Banking oversight

Popular Cities:

Jackson, Gulfport, Southaven

Missouri

MO

Missouri offers flexible personal loan options with competitive terms.

Population:6.2M
Avg. Loan Amount:$15,500
Avg. Interest Rate:10.0%
Max Loan Amount:$65,000

Key Regulations:

  • β€’Missouri Revised Statutes apply
  • β€’Division of Finance regulation

Popular Cities:

Kansas City, St. Louis, Springfield

Montana

MT

Montana provides personal loans with state oversight and protections.

Population:1.1M
Avg. Loan Amount:$15,000
Avg. Interest Rate:10.4%
Max Loan Amount:$55,000

Key Regulations:

  • β€’Montana Code Annotated governs loans
  • β€’Division of Banking oversight

Popular Cities:

Billings, Missoula, Great Falls

Nebraska

NE

Nebraska offers competitive personal loan rates with consumer protections.

Population:2.0M
Avg. Loan Amount:$14,500
Avg. Interest Rate:10.2%
Max Loan Amount:$60,000

Key Regulations:

  • β€’Nebraska Installment Loan Act
  • β€’Department of Banking oversight

Popular Cities:

Omaha, Lincoln, Bellevue

Nevada

NV

Nevada provides diverse personal loan options with flexible terms.

Population:3.2M
Avg. Loan Amount:$17,500
Avg. Interest Rate:9.7%
Max Loan Amount:$80,000

Key Regulations:

  • β€’Nevada Revised Statutes apply
  • β€’Financial Institutions Division

Popular Cities:

Las Vegas, Henderson, Reno

New Hampshire

NH

New Hampshire offers competitive personal loans with state protections.

Population:1.4M
Avg. Loan Amount:$17,000
Avg. Interest Rate:9.5%
Max Loan Amount:$70,000

Key Regulations:

  • β€’Banking Department oversight
  • β€’Small Loan Act applies

Popular Cities:

Manchester, Nashua, Concord

New Jersey

NJ

New Jersey provides competitive personal loan options with strong regulations.

Population:9.3M
Avg. Loan Amount:$18,500
Avg. Interest Rate:8.9%
Max Loan Amount:$85,000

Key Regulations:

  • β€’New Jersey Consumer Loan Act
  • β€’Department of Banking oversight

Popular Cities:

Newark, Jersey City, Paterson

New Mexico

NM

New Mexico offers personal loans with state oversight and protections.

Population:2.1M
Avg. Loan Amount:$15,500
Avg. Interest Rate:10.3%
Max Loan Amount:$60,000

Key Regulations:

  • β€’Small Loan Act applies
  • β€’Financial Institutions Division

Popular Cities:

Albuquerque, Las Cruces, Santa Fe

New York

NY

New York offers competitive personal loan rates with comprehensive consumer protections.

Population:19.5M
Avg. Loan Amount:$20,000
Avg. Interest Rate:8.6%
Max Loan Amount:$100,000

Key Regulations:

  • β€’Banking Law governs loans
  • β€’Department of Financial Services oversight

Popular Cities:

New York City, Buffalo, Rochester

North Carolina

NC

North Carolina provides diverse personal loan options with competitive rates.

Population:10.7M
Avg. Loan Amount:$16,500
Avg. Interest Rate:9.5%
Max Loan Amount:$75,000

Key Regulations:

  • β€’Consumer Finance Act applies
  • β€’Commissioner of Banks oversight

Popular Cities:

Charlotte, Raleigh, Greensboro

North Dakota

ND

North Dakota offers personal loans with state regulatory oversight.

Population:779K
Avg. Loan Amount:$14,000
Avg. Interest Rate:10.5%
Max Loan Amount:$50,000

Key Regulations:

  • β€’Money Broker Act applies
  • β€’Department of Financial Institutions

Popular Cities:

Fargo, Bismarck, Grand Forks

Ohio

OH

Ohio provides competitive personal loan options with consumer protections.

Population:11.8M
Avg. Loan Amount:$16,000
Avg. Interest Rate:9.7%
Max Loan Amount:$75,000

Key Regulations:

  • β€’Short Term Loan Act
  • β€’Division of Financial Institutions

Popular Cities:

Columbus, Cleveland, Cincinnati

Oklahoma

OK

Oklahoma offers flexible personal loan terms with state oversight.

Population:4.0M
Avg. Loan Amount:$15,000
Avg. Interest Rate:10.4%
Max Loan Amount:$60,000

Key Regulations:

  • β€’Consumer Credit Code applies
  • β€’Department of Consumer Credit

Popular Cities:

Oklahoma City, Tulsa, Norman

Oregon

OR

Oregon provides competitive personal loans with strong consumer protections.

Population:4.2M
Avg. Loan Amount:$17,500
Avg. Interest Rate:9.2%
Max Loan Amount:$80,000

Key Regulations:

  • β€’Consumer Finance Act
  • β€’Division of Financial Regulation

Popular Cities:

Portland, Salem, Eugene

Pennsylvania

PA

Pennsylvania offers diverse personal loan options with competitive rates.

Population:13.0M
Avg. Loan Amount:$17,000
Avg. Interest Rate:9.4%
Max Loan Amount:$80,000

Key Regulations:

  • β€’Consumer Discount Company Act
  • β€’Department of Banking oversight

Popular Cities:

Philadelphia, Pittsburgh, Allentown

Rhode Island

RI

Rhode Island provides personal loans with state protections and oversight.

Population:1.1M
Avg. Loan Amount:$16,500
Avg. Interest Rate:9.6%
Max Loan Amount:$70,000

Key Regulations:

  • β€’Small Loan Act applies
  • β€’Department of Business Regulation

Popular Cities:

Providence, Warwick, Cranston

South Carolina

SC

South Carolina offers competitive personal loan rates with state oversight.

Population:5.3M
Avg. Loan Amount:$15,500
Avg. Interest Rate:10.0%
Max Loan Amount:$65,000

Key Regulations:

  • β€’Consumer Protection Code
  • β€’Board of Financial Institutions

Popular Cities:

Charleston, Columbia, Greenville

South Dakota

SD

South Dakota provides personal loans with flexible terms and regulations.

Population:887K
Avg. Loan Amount:$14,500
Avg. Interest Rate:10.3%
Max Loan Amount:$55,000

Key Regulations:

  • β€’Division of Banking oversight
  • β€’Licensed lender requirements

Popular Cities:

Sioux Falls, Rapid City, Aberdeen

Tennessee

TN

Tennessee offers personal loans with competitive rates and state protections.

Population:7.1M
Avg. Loan Amount:$15,500
Avg. Interest Rate:10.1%
Max Loan Amount:$65,000

Key Regulations:

  • β€’Consumer Loan Act applies
  • β€’Department of Financial Institutions

Popular Cities:

Nashville, Memphis, Knoxville

Texas

TX

Texas provides extensive personal loan options with competitive rates and flexible terms for residents across the state.

Population:30.0M
Avg. Loan Amount:$17,000
Avg. Interest Rate:9.5%
Max Loan Amount:$85,000

Key Regulations:

  • β€’Texas Finance Code governs loans
  • β€’Office of Consumer Credit Commissioner

Popular Cities:

Houston, Dallas, Austin

Utah

UT

Utah offers competitive personal loans with reasonable rates and terms.

Population:3.4M
Avg. Loan Amount:$16,500
Avg. Interest Rate:9.8%
Max Loan Amount:$70,000

Key Regulations:

  • β€’Utah Consumer Credit Code
  • β€’Department of Financial Institutions

Popular Cities:

Salt Lake City, West Valley City, Provo

Vermont

VT

Vermont provides personal loans with state oversight and consumer protections.

Population:647K
Avg. Loan Amount:$15,500
Avg. Interest Rate:9.9%
Max Loan Amount:$65,000

Key Regulations:

  • β€’Department of Financial Regulation
  • β€’Consumer protection laws

Popular Cities:

Burlington, Essex, South Burlington

Virginia

VA

Virginia offers competitive personal loan rates with comprehensive regulations.

Population:8.6M
Avg. Loan Amount:$17,500
Avg. Interest Rate:9.2%
Max Loan Amount:$80,000

Key Regulations:

  • β€’Consumer Finance Act applies
  • β€’Bureau of Financial Institutions

Popular Cities:

Virginia Beach, Norfolk, Richmond

Washington

WA

Washington provides competitive personal loans with strong consumer protections.

Population:7.8M
Avg. Loan Amount:$18,500
Avg. Interest Rate:8.9%
Max Loan Amount:$90,000

Key Regulations:

  • β€’Consumer Loan Act applies
  • β€’Department of Financial Institutions

Popular Cities:

Seattle, Spokane, Tacoma

West Virginia

WV

West Virginia offers personal loans with state regulatory oversight.

Population:1.8M
Avg. Loan Amount:$14,500
Avg. Interest Rate:10.6%
Max Loan Amount:$55,000

Key Regulations:

  • β€’Consumer Credit Act applies
  • β€’Division of Financial Institutions

Popular Cities:

Charleston, Huntington, Morgantown

Wisconsin

WI

Wisconsin provides diverse personal loan options with competitive rates.

Population:5.9M
Avg. Loan Amount:$16,000
Avg. Interest Rate:9.7%
Max Loan Amount:$70,000

Key Regulations:

  • β€’Wisconsin Consumer Act
  • β€’Department of Financial Institutions

Popular Cities:

Milwaukee, Madison, Green Bay

Wyoming

WY

Wyoming offers personal loans with flexible terms and state protections.

Population:577K
Avg. Loan Amount:$15,000
Avg. Interest Rate:10.4%
Max Loan Amount:$60,000

Key Regulations:

  • β€’Division of Banking oversight
  • β€’Licensed lender requirements

Popular Cities:

Cheyenne, Casper, Laramie

Understanding State-Specific Personal Loan Requirements

Why State Laws Matter for Personal Loans

Personal loan regulations vary significantly across the United States. Understanding your state's specific regulations helps you:

  • Know the maximum interest rates lenders can charge
  • Understand your consumer rights and protections
  • Find licensed and regulated lenders in your state
  • Avoid predatory lending practices
  • Compare loan offers within legal limits
πŸ“

States with Lowest Average Rates

Some states consistently offer lower average interest rates due to competitive markets and favorable regulations:

  • β€’California – 8.5% average with strong consumer protections
  • β€’New York – 8.6% average with strict usury laws
  • β€’Massachusetts – 8.8% average with comprehensive regulations
  • β€’Washington – 8.9% average with consumer protections
πŸ“

States with Highest Loan Limits

These states allow higher maximum loan amounts for qualified borrowers:

  • β€’California & New York – Up to $100,000
  • β€’Washington & Massachusetts – Up to $90,000
  • β€’Florida & Texas – Up to $85,000
  • β€’Arizona & Oregon – Up to $80,000

Important: Verify Your State's Current Regulations

Lending laws and regulations can change. Always verify current requirements with your state's banking department or financial regulatory agency. The information provided here is for general educational purposes and should not be considered legal or financial advice.

Common State Loan Regulations by Region

Northeast Region

States like New York, Massachusetts, and New Jersey typically have strong consumer protection laws with strict interest rate caps and comprehensive licensing requirements for lenders.

Southeast Region

Florida, Georgia, and North Carolina offer diverse lending options with varying regulations, balancing consumer protection with market competition.

Midwest Region

Illinois, Ohio, and Michigan often follow the Uniform Consumer Credit Code, providing consistent protections across the region with moderate rates and reasonable maximum loan amounts.

Southwest Region

Texas and Arizona feature competitive lending markets with substantial consumer choice, higher loan limits, and flexible terms.

West Region

California, Washington, and Oregon offer comprehensive regulations, competitive rates, high loan limits, and strong borrower safeguards.

Frequently Asked Questions About State Personal Loans

Can I get a personal loan from a lender in a different state?

Yes. Many online lenders operate across multiple states, but they must be licensed where you live and follow your state's regulations, including interest rate caps and disclosure requirements.

How do state laws affect my personal loan interest rate?

State laws set maximum interest rates that lenders can charge. Your credit profile determines where you fall within those limits, so both factors influence your final rate.

What consumer protections do states provide for personal loans?

Most states require lenders to be licensed, provide clear disclosures, follow fair lending practices, and limit certain fees. Many offer complaint processes through state regulatory agencies.

Are personal loan requirements different in each state?

While core requirements are similar, some states have additional documentation needs, waiting periods, or consumer disclosures. Check with lenders licensed in your area for specifics.

How can I verify if a lender is licensed in my state?

Contact your state banking department or financial regulatory agency. Most maintain online databases of licensed lenders. Always verify a lender before sharing personal information.

Which states have the best personal loan rates?

California, New York, Massachusetts, Washington, and New Jersey typically see the lowest averages thanks to competitive markets and strong consumer protections.

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