Best Personal Loans for Bad Credit in Rhode Island of August 2026
ZippyLoan
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Licensed in Rhode Island:
Yes
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Upstart
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Licensed in Rhode Island:
Yes
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LifeLoans
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Licensed in Rhode Island:
Yes
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VivaLoan
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Licensed in Rhode Island:
Yes
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NextDayPersonalLoan
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Licensed in Rhode Island:
Yes
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FundsJoy
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Licensed in Rhode Island:
Yes
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SuperMoney
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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PersonalLoans
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Terms:
90 Days - 72 Months
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Licensed in Rhode Island:
Yes
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Best Good Credit Loans in Rhode Island of August 2026
SuperMoney
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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Prosper
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Licensed in Rhode Island:
Yes
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Credible
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Amount:
$1,000 – $100,000
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Licensed in Rhode Island:
Yes
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PersonalLoans
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Terms:
90 Days – 72 Months
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Licensed in Rhode Island:
Yes
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LendingTree
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Licensed in Rhode Island:
Yes
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Upgrade
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Licensed in Rhode Island:
Yes
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PayOff
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Licensed in Rhode Island:
Yes
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Discover
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Licensed in Rhode Island:
Yes
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Freedomplus
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Licensed in Rhode Island:
Yes
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Payday Loan Laws in Rhode Island of August 2026
According to the Rhode Island laws, payday loans are legal!
Our study found that the average payday loan APR is 400%. The interest allowed on payday loans in Rhode Island is 261%, making this business possible. However, the loan amount can’t exceed $500. The minimum amount is not set. Only one rollover is allowed. This is tricky because it allows people to avoid the full payment in a month and decreases the debt cycle chance.
This chapter regulates payday loan laws in Rhode Island. If you want to find the fees, here is the document.
Do you know what “deferred deposit transactions” are?
This is the way that the law names payday loans. For people who live in Rhode Island, this should make sense. However, for people in other states, this is an unknown term.
All deferred deposit transactions have to be registered by The Rhode Island Department of Business Regulation. If you want to be sure that a lender is licensed, you should verify his license there.
Rhode Island Loan Laws also:
- Require a written contract signed by both the lender and the borrower. The contract should carefully reveal fees and the APR in dollars (US). The contract should contain full information on the loan term.
- Require that lenders are licensed and don’t exceed the fees and the amount set according to the allowed limits.
- Do NOT allow lenders to apply ANY criminal actions against borrowers. More information on that can be found here.
Notice from ElitePersonalFinance!
Although payday loans are legit in Rhode Island, people shouldn’t apply for them. People should use our quick bad credit guide:
- Try personal loans if you can’t be approved because of your low credit score.
- Try alternative payday loans if you can’t be approved because of your low credit score.
- Wait and work on your credit score till you improve it.
- Try other ways to make money.
- Get a payday loan only if you have NO other options and only if you are sure that you can pay it on time.
Payday Loan Laws in Rhode Island by Country of August 2026
ElitePersonalFinance analysis of payday loan laws by countries in the State of Rhode Island.
| City: |
Amount Allowed: |
APR Allowed: |
Status: |
| City:Providence |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Cranston |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Warwick |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Pawtucket |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:East Providence |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Woonsocket |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Cumberland |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Coventry |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:North Providence |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:South Kingstown |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Johnston |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:West Warwick |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:North Kingstown |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Newport |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Westerly |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Bristol |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Lincoln |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Smithfield |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Central Falls |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Portsmouth |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Burrillville |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Barrington |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Middletown |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Tiverton |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Narragansett |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:East Greenwich |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:North Smithfield |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Scituate |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Warren |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Glocester |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Hopkinton |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Charlestown |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Richmond |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Exeter |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:West Greenwich |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Jamestown |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Foster |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:Little Compton |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
| City:New Shoreham |
Amount Allowed:$500 |
APR Allowed:261% |
Status:Legal |
Auto Title Loans in Rhode Island of August 2026
Auto title loans in Rhode Island are legal but regulated by this chapter.
We at ElitePersonalFinance consider auto title loans predatory, although they are legit by laws. We found that the average APR on auto title loans is 300%, which is very expensive. We highly recommend that people try our bad credit loan guide above before getting a payday loan.
Best Auto Loans for Bad Credit in Rhode Island of August 2026
SuperMoney - Compare Loans to Buy Car
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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SuperMoney - Compare Loans to Refinance Car
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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StandardAutoFinancial
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Licensed in Rhode Island:
Yes
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MaxCarLoan
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Licensed in Rhode Island:
Yes
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FirstChoiceAutoLoan
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Licensed in Rhode Island:
Yes
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MyAutoLoan
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Amount:
$8,000 - $100,000
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Licensed in Rhode Island:
Yes
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LendingTree
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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Consumers
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Licensed in Rhode Island:
Yes
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OneMainFinancial
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Licensed in Rhode Island:
Yes
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CarsDirect
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Licensed in Rhode Island:
Yes
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Auto Credit Express
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Licensed in Rhode Island:
Yes
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CapitalOne
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Licensed in Rhode Island:
Yes
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LendingClub
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Licensed in Rhode Island:
Yes
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Carvana
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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Best Auto Loans for Good Credit in Rhode Island of August 2026
SuperMoney - Compare Loans to Buy Car
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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SuperMoney - Compare Loans to Refinance Car
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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LendingTree
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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Consumers
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Licensed in Rhode Island:
Yes
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Lightstream
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Licensed in Rhode Island:
Yes
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CapitalOne
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Licensed in Rhode Island:
Yes
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MyAutoLoan
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Amount:
$8,000 - $100,000
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Licensed in Rhode Island:
Yes
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Carvana
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Amount:
$1,000 - $100,000
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Licensed in Rhode Island:
Yes
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Usbank
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Amount:
$3,000 - $100,000
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Licensed in Rhode Island:
Yes
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Bank Of America
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Amount:
$5,000 - $100,000
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Licensed in Rhode Island:
Yes
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LendingClub
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Licensed in Rhode Island:
Yes
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Clearlane
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Amount:
$5,000 - $100,000
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Licensed in Rhode Island:
Yes
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OneMainFinancial
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Licensed in Rhode Island:
Yes
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FHA Loans in Rhode Island of August 2026
Rhode Island has 5 counties with FHA Limits ranging from a low of $460,000 for a 1-bedroom unit in Bristol County to a high of $884,600 for a 4-bedroom unit in Bristol County.
| County: |
Single Unit Limit (lowest): |
Four-Plex Limit (highest): |
| County:Bristol County |
Single Unit Limit (lowest):$460,000 |
Four-Plex Limit (highest):$884,600 |
| County:Kent County |
Single Unit Limit (lowest):$460,000 |
Four-Plex Limit (highest):$884,600 |
| County:Newport County |
Single Unit Limit (lowest):$460,000 |
Four-Plex Limit (highest):$884,600 |
| County:Providence County |
Single Unit Limit (lowest):$460,000 |
Four-Plex Limit (highest):$884,600 |
| County:Washington County |
Single Unit Limit (lowest):$460,000 |
Four-Plex Limit (highest):$884,600 |
Business Loans in Rhode Island of August 2026
SuperMoney - Compare Business Loans
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Amount:
Up to $10,000,000
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Licensed in Rhode Island:
Yes
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LendingClub
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Amount:
$5,000 - $500,000
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Licensed in Rhode Island:
Yes
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LendingTree
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Amount:
$5,000 - $500,000
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Licensed in Rhode Island:
Yes
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Kabbage
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Licensed in Rhode Island:
Yes
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SmartBiz SBA Loans
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Licensed in Rhode Island:
Yes
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CredibilityCapital
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Licensed in Rhode Island:
Yes
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Live Oak Bank
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Amount:
$75,000 - $5,000,000
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Licensed in Rhode Island:
Yes
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Funding Circle
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Licensed in Rhode Island:
Yes
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OnDeck
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Licensed in Rhode Island:
Yes
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BlueVine
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Licensed in Rhode Island:
Yes
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CaminoFinancial
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Licensed in Rhode Island:
Yes
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TheLoanExchange
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Amount:
$6,000 to $250,000
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Licensed in Rhode Island:
Yes
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All Licensed Credit Unions in Rhode Island of August 2026
| Name: |
City: |
Size (Millions): |
Members: |
| Name:PAWTUCKET CREDIT UNION |
City:Pawtucket |
Size (Millions):$1,312.30 |
Members:69678 |
| Name:GREENWOOD CREDIT UNION |
City:Warwick |
Size (Millions):$327.73 |
Members:57044 |
| Name:NAVIGANT CREDIT UNION |
City:Smithfield |
Size (Millions):$1,256.62 |
Members:49306 |
| Name:COVENTRY CREDIT UNION |
City:Coventry |
Size (Millions):$248.36 |
Members:30111 |
| Name:THE PEOPLES CREDIT UNION |
City:Middletown |
Size (Millions):$372.53 |
Members:27758 |
| Name:RHODE ISLAND CREDIT UNION |
City:Providence |
Size (Millions):$230.07 |
Members:24978 |
| Name:WESTERLY COMMUNITY CREDIT UNION |
City:Westerly |
Size (Millions):$211.59 |
Members:15352 |
| Name:WAVE FEDERAL CREDIT UNION |
City:Warwick |
Size (Millions):$114.07 |
Members:7807 |
| Name:DEXTER CREDIT UNION |
City:Central Falls |
Size (Millions):$122.38 |
Members:6574 |
| Name:COLUMBUS CREDIT UNION |
City:Warren |
Size (Millions):$67.92 |
Members:6409 |
| Name:BLACKSTONE RIVER FEDERAL CREDIT UNION |
City:Woonsocket |
Size (Millions):$44.01 |
Members:4577 |
| Name:WOODLAWN FEDERAL CREDIT UNION |
City:Pawtucket |
Size (Millions):$12.29 |
Members:4369 |
| Name:POSTAL GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION |
City:Providence |
Size (Millions):$38.50 |
Members:4211 |
| Name:ALLIANCE BLACKSTONE VALLEY FEDERAL CREDIT UNION |
City:Pawtucket |
Size (Millions):$39.41 |
Members:4124 |
| Name:CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION |
City:Cranston |
Size (Millions):$55.05 |
Members:3153 |
| Name:COMMUNITY & TEACHERS FEDERAL CREDIT UNION |
City:East Providence |
Size (Millions):$20.09 |
Members:2390 |
| Name:KENT COUNTY MEMORIAL HOSPITAL EMP. FEDERAL CREDIT UNION |
City:Warwick |
Size (Millions):$11.86 |
Members:2329 |
| Name:CUMBERLAND MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
City:Cumberland |
Size (Millions):$8.76 |
Members:1173 |
| Name:PAWTUCKET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
City:Pawtucket |
Size (Millions):$3.60 |
Members:951 |
| Name:POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION |
City:Pawtucket |
Size (Millions):$7.22 |
Members:788 |
| Name:COVENTRY TEACHERS FEDERAL CREDIT UNION |
City:Coventry |
Size (Millions):$2.77 |
Members:551 |
| Name:CAROL WIRE & CABLE CORP EMP FEDERAL CREDIT UNION |
City:Lincoln |
Size (Millions):$0.58 |
Members:198 |
| Name:NATCO EMPLOYEES FEDERAL CREDIT UNION |
City:West Warwick |
Size (Millions):$0.23 |
Members:78 |
