Best Good and Bad Credit Personal Loans Rhode Island of March 2024

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Last Update: November 2, 2022 Loans By State
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Best Personal Loans for Bad Credit in Rhode Island of March 2024

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 72 Months

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $50,000

Min. Credit Score:

300

APR:

5.6% - 35.99%

Approval:

5 Minutes

Terms:

3 - 5 Years

Licensed in Rhode Island:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Rhode Island:

Yes

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Rhode Island:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Rhode Island:

Yes

Amount:

$200 - $5,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

< 1 Day

Terms:

12 - 120 Months

Licensed in Rhode Island:

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 Rhode Island:

Yes

Best Good Credit Loans in Rhode Island of March 2024

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

4.99 - 35.99%

Approval:

1 Day

Terms:

12 - 120 months

Licensed in Rhode Island:

Yes

Amount:

$2,000 - $40,000

Min. Credit Score:

640

APR:

7.95% - 35.99%

Approval:

1 - 3 Days

Terms:

36 - 60 months

Licensed in Rhode Island:

Yes

Amount:

$1,000 – $100,000

Min. Credit Score:

0

APR:

4.99 - 35.99%

Approval:

1 Day

Terms:

12 - 120 months

Licensed in Rhode Island:

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 Rhode Island:

Yes

Amount:

$1,000 – $50,000

Min. Credit Score:

500

APR:

3.99% – 35.99%

Approval:

< 1 Day

Terms:

1 – 5 Years

Licensed in Rhode Island:

Yes

Amount:

$1,000 – $50,000

Min. Credit Score:

600

APR:

7.99% - 35.97%

Approval:

< 1 Day

Terms:

3 - 5 Years

Licensed in Rhode Island:

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 Rhode Island:

Yes

Amount:

$2,500-$35,000

Min. Credit Score:

660

APR:

6.99-24.99%

Approval:

1 Day

Terms:

24 - 84 Months

Licensed in Rhode Island:

Yes

Amount:

$7,500 - $40,000

Min. Credit Score:

680

APR:

6 - 15%

Approval:

1 - 7 Days

Terms:

36 - 84 months

Licensed in Rhode Island:

Yes

Payday Loan Laws in Rhode Island of March 2024

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 March 2024

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

City:Amount Allowed:APR Allowed:Status:
Providence$500261%Legal
Cranston$500261%Legal
Warwick$500261%Legal
Pawtucket$500261%Legal
East Providence$500261%Legal
Woonsocket$500261%Legal
Cumberland$500261%Legal
Coventry$500261%Legal
North Providence$500261%Legal
South Kingstown$500261%Legal
Johnston$500261%Legal
West Warwick$500261%Legal
North Kingstown$500261%Legal
Newport$500261%Legal
Westerly$500261%Legal
Bristol$500261%Legal
Lincoln$500261%Legal
Smithfield$500261%Legal
Central Falls$500261%Legal
Portsmouth$500261%Legal
Burrillville$500261%Legal
Barrington$500261%Legal
Middletown$500261%Legal
Tiverton$500261%Legal
Narragansett$500261%Legal
East Greenwich$500261%Legal
North Smithfield$500261%Legal
Scituate$500261%Legal
Warren$500261%Legal
Glocester$500261%Legal
Hopkinton$500261%Legal
Charlestown$500261%Legal
Richmond$500261%Legal
Exeter$500261%Legal
West Greenwich$500261%Legal
Jamestown$500261%Legal
Foster$500261%Legal
Little Compton$500261%Legal
New Shoreham$500261%Legal

Auto Title Loans in Rhode Island of March 2024

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 March 2024

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Rhode Island:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Rhode Island:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Rhode Island:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Rhode Island:

Yes

Amount:

$8,000 - $100,000

Min. Credit Score:

500

APR:

2.74% - 27%

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

500

APR:

From 3.09%

Licensed in Rhode Island:

Yes

Amount:

$250 - $500,000

Min. Credit Score:

640

APR:

2.99% - 21.99%

Licensed in Rhode Island:

Yes

Amount:

$1,500 - $20,000

Min. Credit Score:

0

APR:

18.00% - 35.99%

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $45,000

Min. Credit Score:

0

APR:

From 0.99%

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $35,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Rhode Island:

Yes

Amount:

$7,500 - $50,000

Min. Credit Score:

500

APR:

From 3.39%

Licensed in Rhode Island:

Yes

Amount:

$5,000 – $55,000

Min. Credit Score:

510

APR:

3.99% - 24.99%

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

3.90% - 27.90%

Licensed in Rhode Island:

Yes

Best Auto Loans for Good Credit in Rhode Island of March 2024

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

500

APR:

From 3.09%

Licensed in Rhode Island:

Yes

Amount:

$250 - $500,000

Min. Credit Score:

640

APR:

2.99% - 21.99%

Licensed in Rhode Island:

Yes

Amount:

$5,000-$100,000

Min. Credit Score:

660

APR:

4.99% to 9.19%

Licensed in Rhode Island:

Yes

Amount:

$7,500 - $50,000

Min. Credit Score:

500

APR:

From 3.39%

Licensed in Rhode Island:

Yes

Amount:

$8,000 - $100,000

Min. Credit Score:

500

APR:

2.74% - 27%

Licensed in Rhode Island:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

3.90% - 27.90%

Licensed in Rhode Island:

Yes

Amount:

$3,000 - $100,000

Min. Credit Score:

650

APR:

From 3.12%

Licensed in Rhode Island:

Yes

Amount:

$5,000 - $100,000

Min. Credit Score:

640

APR:

From 3.54%

Licensed in Rhode Island:

Yes

Amount:

$5,000 – $55,000

Min. Credit Score:

510

APR:

3.99% - 24.99%

Licensed in Rhode Island:

Yes

Amount:

$5,000 - $100,000

Min. Credit Score:

600

APR:

3.54% - 10.24%

Licensed in Rhode Island:

Yes

Amount:

$1,500 - $20,000

Min. Credit Score:

0

APR:

18.00% - 35.99%

Licensed in Rhode Island:

Yes

FHA Loans in Rhode Island of March 2024

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):
Bristol County$460,000$884,600
Kent County$460,000$884,600
Newport County$460,000$884,600
Providence County$460,000$884,600
Washington County$460,000$884,600

Business Loans in Rhode Island of March 2024

Amount:

Up to $10,000,000

APR:

Vary

Min. Credit Score:

0

Licensed in Rhode Island:

Yes

Amount:

$5,000 - $500,000

APR:

9.77% - 35.98%

Min. Credit Score:

600

Licensed in Rhode Island:

Yes

Amount:

$5,000 - $500,000

APR:

5.99% – 35.99%

Min. Credit Score:

500

Licensed in Rhode Island:

Yes

Amount:

Up to $250,000

APR:

24% – 99%

Min. Credit Score:

560

Licensed in Rhode Island:

Yes

Amount:

Up to $350,000

APR:

9.28 - 10.52%

Min. Credit Score:

650

Licensed in Rhode Island:

Yes

Amount:

Up to $350,000

APR:

10.00 - 25.00%

Min. Credit Score:

680

Licensed in Rhode Island:

Yes

Amount:

$75,000 - $5,000,000

APR:

5.50 - 8.25%

Min. Credit Score:

650

Licensed in Rhode Island:

Yes

Amount:

Up to $500,000

APR:

12.18 - 36.00%

Min. Credit Score:

660

Licensed in Rhode Island:

Yes

Amount:

Up to $500,000

APR:

9.00 - 99.00%

Min. Credit Score:

600

Licensed in Rhode Island:

Yes

Amount:

Up to $5,000,000

APR:

15.00 - 78.00%

Min. Credit Score:

600

Licensed in Rhode Island:

Yes

Amount:

Up to $1,000,000

APR:

Vary

Min. Credit Score:

0

Licensed in Rhode Island:

Yes

Amount:

$6,000 to $250,000

APR:

Vary

Min. Credit Score:

0

Licensed in Rhode Island:

Yes

All Licensed Credit Unions in Rhode Island of March 2024

Name:City:Size (Millions):Members:
PAWTUCKET CREDIT UNIONPawtucket$1,312.3069678
GREENWOOD CREDIT UNIONWarwick$327.7357044
NAVIGANT CREDIT UNIONSmithfield$1,256.6249306
COVENTRY CREDIT UNIONCoventry$248.3630111
THE PEOPLES CREDIT UNIONMiddletown$372.5327758
RHODE ISLAND CREDIT UNIONProvidence$230.0724978
WESTERLY COMMUNITY CREDIT UNIONWesterly$211.5915352
WAVE FEDERAL CREDIT UNIONWarwick$114.077807
DEXTER CREDIT UNIONCentral Falls$122.386574
COLUMBUS CREDIT UNIONWarren$67.926409
BLACKSTONE RIVER FEDERAL CREDIT UNIONWoonsocket$44.014577
WOODLAWN FEDERAL CREDIT UNIONPawtucket$12.294369
POSTAL GOVERNMENT EMPLOYEES FEDERAL CREDIT UNIONProvidence$38.504211
ALLIANCE BLACKSTONE VALLEY FEDERAL CREDIT UNIONPawtucket$39.414124
CRANSTON MUNICIPAL EMPLOYEES CREDIT UNIONCranston$55.053153
COMMUNITY & TEACHERS FEDERAL CREDIT UNIONEast Providence$20.092390
KENT COUNTY MEMORIAL HOSPITAL EMP. FEDERAL CREDIT UNIONWarwick$11.862329
CUMBERLAND MUNICIPAL EMPLOYEES FEDERAL CREDIT UNIONCumberland$8.761173
PAWTUCKET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNIONPawtucket$3.60951
POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNIONPawtucket$7.22788
COVENTRY TEACHERS FEDERAL CREDIT UNIONCoventry$2.77551
CAROL WIRE & CABLE CORP EMP FEDERAL CREDIT UNIONLincoln$0.58198
NATCO EMPLOYEES FEDERAL CREDIT UNIONWest Warwick$0.2378
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