Payday Loans Enfield, CT – Compare Licensed Lenders (2026)

$$600

Max Loan Amount

Active Lenders

15 min

Approval Time

$42K

Population

Enfield, Connecticut, a vibrant town with a population of 42,141, boasts a diverse economy with various industries contributing to its growth. The average income in Enfield stands at $52,000, while the cost of living is approximately 10% lower than the national average, making it an attractive place for residents. In this context, quick access to payday loans can help Enfield residents address unexpected expenses like medical bills or emergency repairs, ensuring financial stability when needed most.

About Enfield

Main Industries

$diverse industries

Avg Income

$$52,000

Cost of Living

$$-10% vs national avg

State Regulations

We're gathering the latest payday loan regulations for your state. In the meantime, please review the terms carefully and check with your state's financial regulator.

CFPB Resources:Learn about payday loans

Where to Find Payday Loans in Enfield

Currently, Enfield does not have any active storefront lenders offering payday loans, which means residents seeking financial assistance will need to consider online-only options. This digital landscape offers the convenience of applying for loans from the comfort of home, although careful research is necessary to ensure you choose a reputable lender. It’s crucial for residents to compare various online options to find the best rates and terms available.

Compare Lenders in Enfield

Lender	Loan Range	Typical APR	Best For	Apply

Representative Loan Example in Enfield

Calculation

Loan Amount: $$500

Term: $14 days

APR: $260%

Fee: $$0

Total Repayment: $$500

Effective APR: $0.0%

⚠️ Important Notes

✓ For Enfield residents earning $$52,000, this payment is 7.5%
✓ Recommended: Keep monthly debt payments below 35% of income
✓ APR varies by lender and creditworthiness
✓ Always compare multiple offers before accepting

Advantages & Disadvantages in Enfield

✅ Advantages

✓ Process 100% online, ensuring convenience for residents.
✓ Receive a decision in as little as 15 minutes.
✓ Exclusive availability for Enfield residents looking for financial solutions.
✓ No collateral required to secure a loan.
✓ Ability to repay early without penalties.

❌ Disadvantages

✗ Higher APR compared to traditional bank loans.
✗ Limited local lender options, making it necessary to rely on online services.
✗ A credit check is often required, which may affect your credit score.

💡 Expert Recommendation for Enfield Residents

Rostislav Sikora, a loan expert, advises residents of Enfield to carefully evaluate their financial situation before applying for a payday loan. Given the town's lower cost of living, short-term payday loans can effectively address immediate needs. However, always compare APR rates from different lenders and ensure that your monthly loan payments do not exceed 35% of your income to maintain financial health.

Rostislav Sikora – Loan Comparison Specialist at Credizen

Frequently Asked Questions – Enfield, CT

How do I get a payday loan in Enfield, CT?

You can apply for a payday loan online through various lenders that operate in Connecticut.

What's the max I can borrow in Enfield?

In Enfield, the maximum amount you can borrow is $600.

Can I get approved with bad credit in Enfield?

Yes, many payday lenders offer loans to individuals with bad credit, but terms may vary.

Are there storefronts in Enfield or is it online only?

Currently, there are no storefront lenders in Enfield, so online options are your best bet.

How fast can I get money in Enfield?

Many online payday lenders can provide funds as quickly as the next business day after approval.

What are the fees associated with payday loans in Enfield?

In Connecticut, lenders can charge a maximum fee of 12% of the loan amount.

How do I repay my payday loan in Enfield, CT?

Repayment typically occurs on your next payday or through a scheduled withdrawal from your bank account.

Is it safe to apply for payday loans online in Enfield?

Yes, as long as you choose reputable lenders with secure websites.

What should I do if I can't repay my payday loan on time in Enfield?

It's important to contact your lender as soon as possible to discuss your options.

Can I extend my payday loan in Enfield, CT?

Some lenders may allow you to extend your loan, but this often comes with additional fees.

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Responsible Lending Notice: Payday loans are short-term financial products and should only be used for temporary cash needs. They are not a long-term solution for financial difficulties. Borrowers should consider other options before taking out a payday loan.

Regulatory Information: All lenders displayed serve Enfield, CT and are regulated by state authorities. For complaints or concerns, contact the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov.

Affiliate Disclosure: Credizen.net may earn a commission when you apply through our platform. This helps us keep our service free. We only work with licensed, reputable lenders.

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