Best Loans In Kentucky, Payday, Auto Title Laws 2020 - Elite Personal Finance
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Best Loans In Kentucky, Payday, Auto Title Laws 2020

EPF Last Update: April 1, 2020

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Kentucky’s Consumer Loan Companies statute requires licensed lenders to cap installment loans at $15,000. APRs are capped at 3% per month for loans of $3,000 or less and 2% per month for loans in excess of $3,000.

Other allowable charges include:

  • A bad check charge of $25 or the amount levied by the clearing financial institution – whichever is greater.
  • A loan processing fee of 5%, up to a maximum of $150.
  • A default charge of up to 5% of the scheduled payment or $15 – whichever is greater.

Best Bad Credit Loans in Kentucky 2020

Amount

$500 – $5,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

3 – 36 Months

Licensed in Kentucky

Not a direct lender

Amount

$100 - $2,500

Min Credit Score

0

APR

Vary by State

Approval

< 1 Day

Terms

1 - 36 Months

Licensed in Kentucky

Yes

Amount

$1,000 – $5,000

Min Credit Score

0

APR

Vary By State

Approval

< 1 Day

Terms

9 – 36 Months

Licensed in Kentucky

Yes

Amount

$100 – $1,000

Min Credit Score

0

APR

Vary By State

Approval

< 1 Day

Terms

7 – 30 Days

Licensed in Kentucky

Yes

Amount

$1,000 – $10,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 5 Years

Licensed in Kentucky

Not a direct lender

Amount

$1,000 – $50,000

Min Credit Score

500

APR

3.99% – 35.99%

Approval

< 1 Day

Terms

1 – 5 Years

Licensed in Kentucky

Yes

Amount

$1,000 – $35,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 5 Years

Licensed in Kentucky

Yes

Amount

$1,000 – $100,000

Min Credit Score

500

APR

5.34% – 35.99%

Approval

< 1 Day

Terms

90 Days – 72 Months

Licensed in Kentucky

Yes

Amount

$1,000 - $100,000

Min Credit Score

0

APR

4.99 - 35.99%

Approval

< 1 Day

Terms

12 - 120 months

Licensed in Kentucky

Yes

Amount

$1,000 – $35,000

Min Credit Score

580

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

90 Days – 72 Months

Licensed in Kentucky

Not a direct lender

For additional information , see our complete guide on bad credit loans.

Best Personal Loans for Good Credit in Kentucky 2020

Amount

$1,000 - $100,000

Min Credit Score

0

APR

4.99 - 35.99%

Approval

1 Day

Terms

12 - 120 months

Licensed in Kentucky

Yes

Amount

$2,000 - $40,000

Min Credit Score

640

APR

6.95% - 35.99%

Approval

1 - 3 Days

Terms

36 - 60 months

Licensed in Kentucky

Yes

Amount

$1,000 – $100,000

Min Credit Score

0

APR

4.99 - 35.99%

Approval

1 Day

Terms

12 - 120 months

Licensed in Kentucky

Yes

Amount

$1,000 – $35,000

Min Credit Score

580

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

90 Days – 72 Months

Licensed in Kentucky

Yes

Amount

$1,000 – $50,000

Min Credit Score

500

APR

3.99% – 35.99%

Approval

< 1 Day

Terms

1 – 5 Years

Licensed in Kentucky

Yes

Amount

$1,000 – $35,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 5 Years

Licensed in Kentucky

Yes

Amount

$1,000 – $50,000

Min Credit Score

600

APR

6.98% – 35.89%

Approval

< 1 Day

Terms

3 - 5 Years

Licensed in Kentucky

Yes

Amount

$5,000 – $35,000

Min Credit Score

640

APR

5.99% – 24.99%

Approval

1 – 7 Days

Terms

2 -5 Years

Licensed in Kentucky

Yes

Amount

$2,500-$35,000

Min Credit Score

660

APR

6.99-24.99%

Approval

1 Day

Terms

24 - 84 Months

Licensed in Kentucky

Yes

Amount

$7,500 - $40,000

Min Credit Score

680

APR

6 - 15%

Approval

1 - 7 Days

Terms

36 - 84 months

Licensed in Kentucky

Yes

To have a look at some other great options, see our full list of recommended lenders.

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Payday Loans in Kentucky

Maximum Loan Amount: $500

Minimum Loan Term: Not specified

Maximum Loan Term: 60 days

Maximum Fee: $15 per $100 borrowed

Maximum APR: Averages 469%

Rollovers: Prohibited

Loan Limit: You can only have two payday loans at a time

Payday loans are legal in Kentucky.

Kentucky’s Deferred Deposit Act caps payday loans at $500 and finance charges cannot exceed $15 per $100 over a two-week period. Licensed lenders are also prohibited from extending more than two payday loans to a customer at one time. Similarly, the total proceeds from both loans cannot exceed $500.

Rollovers are prohibited and licensed lenders are required to display the following notice – supplied by the commissioner – at each of their payday loan locations:

  • No person who enters into a post-dated or deferred deposit transaction with this business establishment will be prosecuted for or convicted of writing cold checks or of theft by deception under the provisions of KRS 514.040.

Payday Loan Laws in Kentucky by Country

ElitePersonalFinance analysis of payday loan laws by countries in the State of Kentucky.

We haven’t found a significant difference between the payday loan laws in Kentucky. If you are with bad credit, here are the laws in Kentucky by country.

CityAmount AllowedAPR AllowedStatus
Louisville/Jefferson County metro government (balance)$500460%Legal
Lexington-Fayette$500460%Legal
Bowling Green$500460%Legal
Owensboro$500460%Legal
Covington$500460%Legal
Richmond$500460%Legal
Georgetown$500460%Legal
Florence$500460%Legal
Hopkinsville$500460%Legal
Nicholasville$500460%Legal
Elizabethtown$500460%Legal
Henderson$500460%Legal
Jeffersontown$500460%Legal
Frankfort$500460%Legal
Independence$500460%Legal
Paducah$500460%Legal
Radcliff$500460%Legal
Ashland$500460%Legal
Madisonville$500460%Legal
Murray$500460%Legal
Erlanger$500460%Legal
Winchester$500460%Legal
St. Matthews$500460%Legal
Burlington$500460%Legal
Danville$500460%Legal
Fort Thomas$500460%Legal
Shively$500460%Legal
Shelbyville$500460%Legal
Berea$500460%Legal
Newport$500460%Legal
Mount Washington$500460%Legal
Glasgow$500460%Legal
Fort Campbell North$500460%Legal
Bardstown$500460%Legal
Shepherdsville$500460%Legal
Lyndon$500460%Legal
Campbellsville$500460%Legal
Somerset$500460%Legal
Lawrenceburg$500460%Legal
Mayfield$500460%Legal
Paris$500460%Legal
Middlesborough$500460%Legal
Francisville$500460%Legal
Oakbrook$500460%Legal
Alexandria$500460%Legal
Versailles$500460%Legal
Hillview$500460%Legal
Fort Knox$500460%Legal
Maysville$500460%Legal
Franklin$500460%Legal
La Grange$500460%Legal
Edgewood$500460%Legal
Elsmere$500460%Legal
Harrodsburg$500460%Legal
Fort Mitchell$500460%Legal
London$500460%Legal
Middletown$500460%Legal
Morehead$500460%Legal
Oak Grove$500460%Legal
Villa Hills$500460%Legal
Corbin$500460%Legal
Flatwoods$500460%Legal
Mount Sterling$500460%Legal
Highland Heights$500460%Legal
Russellville$500460%Legal
Pikeville$500460%Legal
Leitchfield$500460%Legal
Taylor Mill$500460%Legal
Cynthiana$500460%Legal
Cold Spring$500460%Legal
Wilmore$500460%Legal
Hebron$500460%Legal
Princeton$500460%Legal
Monticello$500460%Legal
Vine Grove$500460%Legal
Bellevue$500460%Legal
Central City$500460%Legal
Union$500460%Legal
Fort Wright$500460%Legal
Douglass Hills$500460%Legal
Lebanon$500460%Legal
Buckner$500460%Legal
Dayton$500460%Legal
Williamsburg$500460%Legal
Hazard$500460%Legal
Crestwood$500460%Legal
Massac$500460%Legal
Prospect$500460%Legal
Hendron$500460%Legal
Columbia$500460%Legal
Ludlow$500460%Legal
Westwood CDP$500460%Legal
Reidland$500460%Legal
Benton$500460%Legal
Scottsville$500460%Legal
Farley$500460%Legal
Hurstbourne$500460%Legal
Greenville$500460%Legal
Walton$500460%Legal
Paintsville$500460%Legal
Crescent Springs$500460%Legal
Grayson$500460%Legal
Williamstown$500460%Legal
Crittenden$500460%Legal
Southgate$500460%Legal
Carrollton$500460%Legal
Lancaster$500460%Legal
Stanford$500460%Legal
Prestonsburg$500460%Legal
Beaver Dam$500460%Legal
Morganfield$500460%Legal
West Liberty$500460%Legal
Russell$500460%Legal
Crestview Hills$500460%Legal
Hodgenville$500460%Legal
Barbourville$500460%Legal
Wilder$500460%Legal
Providence$500460%Legal

Best Auto Loans for Bad Credit in Kentucky 2020

Best Auto Loans for Good Credit in Kentucky 2020

FHA Loans in Kentucky

Kentucky has 120 counties with FHA Limits ranging from a low of $331,760 for a 1-bedroom unit in Adair County to a high of $641,350 for a 4-bedroom unit in Bullitt County. Loan limits vary by county and home size. In addition to loan limits, to qualify for an FHA loan you must live in the home as your primary residence.

CountySingle Unit Limit (lowest)Four-Plex Limit (highest)
Adair County$331,760$638,100
Allen County$331,760$638,100
Anderson County$331,760$638,100
Ballard County$331,760$638,100
Barren County$331,760$638,100
Bath County$331,760$638,100
Bell County$331,760$638,100
Boone County$331,760$638,100
Bourbon County$331,760$638,100
Boyd County$331,760$638,100
Boyle County$331,760$638,100
Bracken County$331,760$638,100
Breathitt County$331,760$638,100
Breckinridge County$331,760$638,100
Bullitt County$333,500$641,350
Butler County$331,760$638,100
Caldwell County$331,760$638,100
Calloway County$331,760$638,100
Campbell County$331,760$638,100
Carlisle County$331,760$638,100
Carroll County$331,760$638,100
Carter County$331,760$638,100
Casey County$331,760$638,100
Christian County$331,760$638,100
Clark County$331,760$638,100
Clay County$331,760$638,100
Clinton County$331,760$638,100
Crittenden County$331,760$638,100
Cumberland County$331,760$638,100
Daviess County$331,760$638,100
Edmonson County$331,760$638,100
Elliott County$331,760$638,100
Estill County$331,760$638,100
Fayette County$331,760$638,100
Fleming County$331,760$638,100
Floyd County$331,760$638,100
Franklin County$331,760$638,100
Fulton County$331,760$638,100
Gallatin County$331,760$638,100
Garrard County$331,760$638,100
Grant County$331,760$638,100
Graves County$331,760$638,100
Grayson County$331,760$638,100
Green County$331,760$638,100
Greenup County$331,760$638,100
Hancock County$331,760$638,100
Hardin County$331,760$638,100
Harlan County$331,760$638,100
Harrison County$331,760$638,100
Hart County$331,760$638,100
Henderson County$331,760$638,100
Henry County$333,500$641,350
Hickman County$331,760$638,100
Hopkins County$331,760$638,100
Jackson County$331,760$638,100
Jefferson County$333,500$641,350
Jessamine County$331,760$638,100
Johnson County$331,760$638,100
Kenton County$331,760$638,100
Knott County$331,760$638,100
Knox County$331,760$638,100
Larue County$331,760$638,100
Laurel County$331,760$638,100
Lawrence County$331,760$638,100
Lee County$331,760$638,100
Leslie County$331,760$638,100
Letcher County$331,760$638,100
Lewis County$331,760$638,100
Lincoln County$331,760$638,100
Livingston County$331,760$638,100
Logan County$331,760$638,100
Lyon County$331,760$638,100
Madison County$331,760$638,100
Magoffin County$331,760$638,100
Marion County$331,760$638,100
Marshall County$331,760$638,100
Martin County$331,760$638,100
Mason County$331,760$638,100
Mccracken County$331,760$638,100
Mccreary County$331,760$638,100
Mclean County$331,760$638,100
Meade County$331,760$638,100
Menifee County$331,760$638,100
Mercer County$331,760$638,100
Metcalfe County$331,760$638,100
Monroe County$331,760$638,100
Montgomery County$331,760$638,100
Morgan County$331,760$638,100
Muhlenberg County$331,760$638,100
Nelson County$331,760$638,100
Nicholas County$331,760$638,100
Ohio County$331,760$638,100
Oldham County$333,500$641,350
Owen County$331,760$638,100
Owsley County$331,760$638,100
Pendleton County$331,760$638,100
Perry County$331,760$638,100
Pike County$331,760$638,100
Powell County$331,760$638,100
Pulaski County$331,760$638,100
Robertson County$331,760$638,100
Rockcastle County$331,760$638,100
Rowan County$331,760$638,100
Russell County$331,760$638,100
Scott County$331,760$638,100
Shelby County$333,500$641,350
Simpson County$331,760$638,100
Spencer County$333,500$641,350
Taylor County$331,760$638,100
Todd County$331,760$638,100
Trigg County$331,760$638,100
Trimble County$331,760$638,100
Union County$331,760$638,100
Warren County$331,760$638,100
Washington County$331,760$638,100
Wayne County$331,760$638,100
Webster County$331,760$638,100
Whitley County$331,760$638,100
Wolfe County$331,760$638,100
Woodford County$331,760$638,100

Business Loans in Kentucky

Amount

Up to $10,000,000

APR

Vary

Min Credit Score

0

Licensed in Kentucky

Yes

Amount

$5,000 - $500,000

APR

9.77% - 35.98%

Min Credit Score

600

Licensed in Kentucky

Yes

Amount

$5,000 - $500,000

APR

5.99% – 35.99%

Min Credit Score

500

Licensed in Kentucky

Yes

Amount

Up to $250,000

APR

24% – 99%

Min Credit Score

560

Licensed in Kentucky

Yes

Amount

Up to $350,000

APR

9.28 - 10.52%

Min Credit Score

650

Licensed in Kentucky

Yes

Amount

Up to $350,000

APR

10.00 - 25.00%

Min Credit Score

680

Licensed in Kentucky

Yes

Amount

$75,000 - $5,000,000

APR

5.50 - 8.25%

Min Credit Score

650

Licensed in Kentucky

Yes

Amount

Up to $500,000

APR

12.18 - 36.00%

Min Credit Score

660

Licensed in Kentucky

Yes

Amount

Up to $500,000

APR

9.00 - 99.00%

Min Credit Score

600

Licensed in Kentucky

Yes

Amount

Up to $5,000,000

APR

15.00 - 78.00%

Min Credit Score

600

Licensed in Kentucky

Yes

Amount

Up to $1,000,000

APR

Vary

Min Credit Score

0

Licensed in Kentucky

Yes

Amount

$6,000 to $250,000

APR

Vary

Min Credit Score

0

Licensed in Kentucky

Yes

All Licensed Credit Unions in Kentucky

NameCitySize (Millions)Members
COMMONWEALTH CREDIT UNIONFrankfort$897.0183315
FORT KNOX FEDERAL CREDIT UNIONRadcliff$1,019.9874888
L & N FEDERAL CREDIT UNIONLouisville$706.4262532
PARK COMMUNITY FEDERAL CREDIT UNIONLouisville$485.0550396
MEMBERS HERITAGE FEDERAL CREDIT UNIONLexington$300.6750258
UNIVERSITY OF KENTUCKY FEDERAL CREDIT UNIONLexington$422.1847794
KENTUCKY TELCO FEDERAL CREDIT UNIONLouisville$280.7137066
ASHLAND CREDIT UNIONAshland$171.5625890
CLASS ACT FEDERAL CREDIT UNIONLouisville$153.7718322
PADUCAH FEDERAL CREDIT UNIONPaducah$194.9817020
MEMBERS CHOICE CREDIT UNIONAshland$152.5415792
THE HEALTH & EDUCATION FEDERAL CREDIT UNIONLexington$67.0814831
SERVICE ONE CREDIT UNIONBowling Green$107.4913961
C-PLANT FEDERAL CREDIT UNIONPaducah$123.7313362
AUTOTRUCK FINANCIAL CREDIT UNIONLouisville$86.0713347
JEFFERSON COUNTY FEDERAL CREDIT UNIONLouisville$101.7513135
GREATER KENTUCKY CU, INC. CREDIT UNIONLexington$62.709983
BEACON COMMUNITY CREDIT UNIONLouisville$45.559440
SEMC FEDERAL CREDIT UNIONEdgewood$35.828627
OWENSBORO FEDERAL CREDIT UNIONOwensboro$51.258610
KENTUCKY EMPLOYEES CREDIT UNIONFrankfort$59.228476
LAKE CHEM COMMUNITY FEDERAL CREDIT UNIONBenton$44.627832
RURAL COOPERATIVES CREDIT UNIONLouisville$38.275814
GREEN RIVER AREA FEDERAL CREDIT UNIONOwensboro$37.795595
KEMBA LOUISVILLE CREDIT UNIONLouisville$41.555510
LOUISVILLE MEDICAL CENTER FEDERAL CREDIT UNIONLouisville$19.955215
LOUCHEM FEDERAL CREDIT UNIONLouisville$28.064808
ARH FEDERAL CREDIT UNIONMiddlesboro$10.194745
C&O UNITED CREDIT UNIONEdgewood$15.084505
METRO EMPLOYEES CREDIT UNIONLexington$18.153843
MOREHEAD COMMUNITY FEDERAL CREDIT UNIONMorehead$26.183767
DAVIESS COUNTY TEACHERS FEDERAL CREDIT UNIONOwensboro$33.503732
KUE FEDERAL CREDIT UNIONLexington$36.003597
LOUISVILLE METRO POLICE OFFICERS CREDIT UNIONLouisville$19.873260
CHEMCO FEDERAL CREDIT UNIONLouisville$17.363225
LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNIONLouisville$30.533127
NORTHERN KENTUCKY EDUCATORS’ FEDERAL CREDIT UNIONHighland Heights$14.233122
LEXINGTON POSTAL CREDIT UNIONLexington$17.643083
LOUISVILLE FEDERAL CREDIT UNIONLouisville$35.942965
W B H EMPLOYEES FEDERAL CREDIT UNIONPaducah$12.192856
AUDUBON FEDERAL CREDIT UNIONOwensboro$19.112824
GENERAL TIRE COMMUNITY FEDERAL CREDIT UNIONMayfield$15.892667
K I T FEDERAL CREDIT UNIONLouisville$9.652592
MSU FEDERAL CREDIT UNIONMurray$19.072428
BLUEGRASS COMMUNITY FEDERAL CREDIT UNIONAshland$7.682387
REGIONAL MEDICAL CTR HOPKINS CO EMP FEDERAL CREDIT UNIONMadisonville$8.922204
KRAFTCOR FEDERAL CREDIT UNIONHawesville$13.141998
LABOR MANAGEMENT FEDERAL CREDIT UNIONLewisport$20.221972
WHITESVILLE COMMUNITY CREDIT UNIONWhitesville$18.071904
APPALACHIAN FEDERAL CREDIT UNIONBerea$15.891753
HOPKINS COUNTY TEACHERS FEDERAL CREDIT UNIONMadisonville$9.881579
FRIENDS FIRST FEDERAL CREDIT UNIONOwensboro$6.411568
BROWN-FORMAN EMPLOYEES CREDIT UNIONLouisville$9.991393
EAST KY EMPLOYEES FEDERAL CREDIT UNIONWinchester$27.641384
KYANG FEDERAL CREDIT UNIONLouisville$10.151369
MCCRACKEN COUNTY TEACHERS FEDERAL CREDIT UNIONPaducah$8.471360
DOE RUN FEDERAL CREDIT UNIONBrandenburg$8.501181
PADUCAH TEACHERS FEDERAL CREDIT UNIONPaducah$7.201148
RALE FEDERAL CREDIT UNIONLouisville$5.971129
GIBBS ALUMINUM FEDERAL CREDIT UNIONHenderson$4.471078
KENTUCKY ARMY NATIONAL GUARD FEDERAL CREDIT UNIONFrankfort$2.341051
CORNING GLASS WORKS HARRODSBG FEDERAL CREDIT UNIONHarrodsburg$5.48914
I.B.E.W. LOCAL 816 FEDERAL CREDIT UNIONPaducah$5.81892
SHAWNEE TVA EMPLOYEES FEDERAL CREDIT UNIONWest Paducah$7.39891
LOUVAH FEDERAL CREDIT UNIONLouisville$2.69889
TARCANA CREDIT UNIONLouisville$2.80865
GREENUP COUNTY FEDERAL CREDIT UNIONRussell$3.60862
MSD FEDERAL CREDIT UNIONLouisville$4.44847
B. C. B. S. CREDIT UNIONLouisville$6.27832
MODERN EMPLOYEES FEDERAL CREDIT UNIONOwensboro$4.91803
PADUCAH CITY EMPLOYEES CREDIT UNIONPaducah$2.90735
WICKIFFE PAPER MILL FEDERAL CREDIT UNIONWickliffe$7.91720
F.C.I. ASHLAND FEDERAL CREDIT UNIONAshland$4.80643
TAYCO EMPLOYEES FEDERAL CREDIT UNIONSouth Shore$3.23601
AXTON FEDERAL CREDIT UNIONGlasgow$2.72504
BEREA CREDIT UNIONBerea$1.35495
MUHLENBERG COMMUNITY HOSPITAL CREDIT UNIONGreenville$0.67468
KITCO EMPLOYEES CREDIT UNIONLouisville$2.41434
LETCHER COUNTY TEACHERS CREDIT UNIONWhitesburg$1.13418
KY W VA GAS CO EMPLOYEES FEDERAL CREDIT UNIONPikeville$3.49395
ST. JOSEPH COLD SPRING FEDERAL CREDIT UNIONCold Spring$1.74369
1ST SELECT FEDERAL CREDIT UNIONHopkinsville$1.13351
SECURITY PLUS FEDERAL CREDIT UNIONRussellville$1.26240
NORTH EAST KY CAP FEDERAL CREDIT UNIONOlive Hill$0.40186

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