Credizen
Apply Now
🦀

Payday Loans in Maryland

Compare licensed lenders • Check MD regulations • Apply online

Max Loan
N/A (Prohibited)
Cities Covered
0
Legal Status
Prohibited
Population
6,177,224

Payday Loans in Maryland

Maryland prohibits payday lending under Commercial Law §12-101. Maximum 33% annual rate on small loans.

Alternative Options: Consider credit union loans, payment plans, or employer paycheck advances.

About Payday Loans in Maryland

Maryland prohibits payday lending under Commercial Law §12-101. Maximum 33% annual rate on small loans.

Maryland is located in the South region of the United States with a population of 6,177,224.

Key Regulations:

  • Payday lending is prohibited in Maryland
  • Regulated by Maryland Office of the Commissioner of Financial Regulation
  • Consider credit union alternatives for small-dollar loans
  • Bank personal loans may be available at lower rates
  • Military borrowers protected by federal 36% APR cap (MLA)

Regulatory Authority: Maryland Office of the Commissioner of Financial Regulation
Official Website: https://www.dllr.state.md.us/finance/

Cities in Maryland

Frequently Asked Questions – Maryland

Are payday loans legal in Maryland?
Yes, payday loans are prohibited in Maryland. The state is regulated by the Maryland Office of the Commissioner of Financial Regulation, which oversees all payday lenders. Maryland prohibits payday lending under Commercial Law §12-101. Maximum 33% annual rate on small loans.
What is the maximum payday loan amount in MD?
The maximum payday loan amount in Maryland is N/A (Prohibited). Finance charges are capped at N/A (Prohibited). Always verify with your lender before applying.
How long do I have to repay a payday loan in Maryland?
In Maryland, payday loans typically have a maximum term of N/A. Some lenders offer installment loans with longer repayment periods. Check specific lender terms.
Can I have multiple payday loans at once in MD?
Maryland prohibits payday lending under Commercial Law §12-101. Maximum 33% annual rate on small loans.
How do I find licensed payday lenders in Maryland?
All payday lenders in Maryland must be licensed by the Maryland Office of the Commissioner of Financial Regulation. You can verify a lender's license at https://www.dllr.state.md.us/finance/. Only work with licensed lenders to protect yourself.
What documents do I need for a payday loan in MD?
Most Maryland payday lenders require: (1) Valid ID (driver's license or state ID), (2) Proof of income (pay stubs or bank statements), (3) Active checking account, (4) Social Security number, (5) Proof of residence.
What is the typical APR for payday loans in Maryland?
In Maryland, the maximum APR is N/A (Prohibited). Actual APR varies by lender and loan amount. Always review the loan agreement for total cost before signing.
Are there alternatives to payday loans in MD?
Yes. Consider: (1) Credit union loans (often lower rates), (2) Payment plans with creditors, (3) Local assistance programs, (4) Employer cash advances, (5) Friends or family loans. Explore all options before committing to a payday loan.

Ready to Compare Lenders in Maryland?

One application. Multiple offers. Find your best option.

Compare Maryland Lenders Now →

Free to use. No credit impact to compare offers.

More Maryland loan resources

Important Legal Notice

This information is current as of January 2026 and is for informational purposes only. Payday loan regulations in Maryland may change. Always verify current regulations with the Maryland Office of the Commissioner of Financial Regulation before applying. Credizen is a comparison platform – we do not directly provide loans.

We may earn commission from lenders when you submit a loan request. This does not affect which lenders you're matched with. Learn more in our methodology.

Emergency Financial Help

If you're experiencing financial difficulties, contact your local financial counseling service.

  • South Africa: National Credit Regulator - 0860 627 627
  • Romania: ANPC - 0213142200
  • Colombia: Superintendencia Financiera - (571) 594 2222
  • Poland: KNF - 22 262 5000
  • Czech Republic: ČNB (Česká národní banka) - 224 411 111
Skip to main content