Payday loan in New Hampshire: up to $500 at no more than 36% APR

New Hampshire allows payday loans, but on terms that look nothing like the rest of the country: 36% APR, no fees on top, a 30-day maximum and a 60-day gap between loans. The result is a short loan that costs pennies a day.

How a payday loan works in New Hampshire

Payday lending in New Hampshire is governed by RSA 399-A:17 and supervised by the New Hampshire Banking Department. A licensed lender can lend you up to $500 in principal, repaid in 7 to 30 days, and the only charge allowed is interest at no more than 36% a year. The law says plainly that no other charges or fees apply. Lenders must keep an office in New Hampshire that consumers can visit.

New Hampshire also builds in a break between loans: a lender cannot make you a payday loan if you have, or had within the previous 60 days, an outstanding payday or title loan. You confirm this in a written statement when you apply. Loans cannot be renewed, extended or refinanced, but you can repay early, and you can cancel by the close of the next business day.

How to get a payday advance in New Hampshire

1. Request up to $500. That is the most you can owe a payday lender in principal at one time.
2. Confirm you have had no payday or title loan in the last 60 days. It is a required statement under New Hampshire law.
3. Pick a due date 7 to 30 days out. Interest is charged only for the days you borrow.
4. Sign and receive the money. Most deposits arrive on the next business day.

New Hampshire payday rules

Example

$500 for 30 days in New Hampshire

$500Borrowed+$14.79Max interest=$514.79Due

That is the most a New Hampshire payday lender can charge on $500 for a month. In a typical flat-fee state, the same loan for half the time can cost $75.

What a New Hampshire payday loan costs

Simple-interest approximations. No other fees may be added.

Why New Hampshire payday loans cost so little

In most states, payday loans charge a flat fee per $100, and that fee is the same whether you borrow for a week or a month. New Hampshire charges only simple interest at 36% a year, so you pay for the exact days you borrow. That works out to roughly 10 cents per $100 per day. Repay early and you pay even less. It is one of the few places where a payday loan can cost less than a single late fee.

Payday advance New Hampshire residents can get online

A payday advance in New Hampshire works the same whether you apply online or in person: a licensed lender, a $500 maximum and 36% APR with nothing added. Online, you save the trip, apply at any hour and get the money by direct deposit. Because lenders must maintain a New Hampshire office, you also have a physical place to reach them if you need it.

Payday loans vs. title loans in New Hampshire

New Hampshire also licenses title loans, which use your car as collateral. The 60-day rule covers both: an outstanding title loan in the past 60 days blocks a new payday loan, and vice versa. A payday loan does not put your car at risk, and at 36% APR with no fees it is usually the cheaper and safer choice for a few hundred dollars.

The 60-day rule, explained

New Hampshire's most distinctive rule is the 60-day gap. If you had any payday or title loan outstanding in the 60 days before you apply, a lender cannot make you a new payday loan. Plan around it: borrow what you need in one loan rather than a small loan now and another next month, and choose a due date you are sure you can meet. The rule also means lenders take your statement seriously, so answer it accurately. If you need help again within 60 days, an installment loan or a credit union loan may be the right tool.

What New Hampshire lenders check

A licensed lender verifies your identity and New Hampshire address, confirms your income and checking account and collects your written statement that you have not had a payday or title loan in the previous 60 days. Many do not run a hard pull with the big three bureaus for a loan this small.

Online or at the lender's office

Every New Hampshire payday lender must keep an office in the state. You can visit it, but applying online is faster: no trip, no line and no business hours. The money arrives by direct deposit, and the lender's office is still there if you ever want to speak to someone in person.

Across New Hampshire

Manchester, Nashua, Concord, Dover, Rochester, Salem, Merrimack, Keene, Portsmouth or a North Country town: applying online works anywhere in the state. The deposit goes to your bank or credit union account, so there is no need to drive to one of the few storefronts.

Common reasons Granite Staters borrow

Heating fuel and electric bills in winter, car repairs on rural roads, rent gaps and medical copays are the usual reasons. With a $500 maximum and a very low cost, a New Hampshire payday loan suits a single, specific gap until the next paycheck. For example, a $400 car repair covered for three weeks costs about $8.28 in interest, which is often less than the late fee you would pay by putting the bill off.

New Hampshire compared with neighbors

Gig work and benefits as income

Delivery, rideshare and freelance income count, as do Social Security, disability, pension and unemployment benefits, as long as they are deposited into your checking account regularly. Choose a due date right after your next deposit, inside the 7-to-30-day window.

New Hampshire credit unions

Federal credit unions in New Hampshire can offer payday alternative loans of $200 to $2,000 at up to 28% APR to members. They are a good option if you already belong to one and can wait a few days. If you need money sooner, a licensed payday lender is usually faster, and in New Hampshire the cost is low either way.

Need more than $500 or more time?

If $500 is not enough, or 30 days is too short, ask about an installment loan with monthly payments from a licensed lender. Our installment loans page explains how payments work.

Requirements

• New Hampshire residency and age 18 or older.
• No payday or title loan outstanding in the past 60 days.
• Regular income and a checking account in your name.
• A photo ID, your Social Security number and a working phone.

New Hampshire loans with bad credit

Lenders focus on your income and the 60-day rule more than your score. Bad credit can apply, and the 36% cap protects you either way. Our bad credit loans overview covers the rest.

How fast NH payday loans fund

Decisions are quick. In New Hampshire, signing on a weekday morning gives the best chance of same-day money; otherwise the deposit normally lands the following business morning.

Check a lender and get help

Verify a lender’s license with the New Hampshire Banking Department’s license verification tool before you sign, and use its consumer complaint page if something goes wrong after you borrow.

Staying safe

Only borrow from lenders licensed by the New Hampshire Banking Department. Any lender adding fees on top of interest, offering more than $500 as a payday loan or asking for money upfront is not following state law. Requests through our site carry no charge and travel over an encrypted connection.

Tips for a New Hampshire payday loan

• Borrow the full amount you need in one loan, because of the 60-day rule.
• Choose the shortest term you can manage; interest is charged by the day.
• Repay early if you can; partial prepayments are allowed.
• Keep a note of when your 60-day window ends.
• Confirm the lender’s state license before you sign anything.

After you apply

Lenders licensed for New Hampshire in our partners' network review your request and, if they can help, show the amount, interest in dollars, APR and due date. Sign if it fits your budget; close it if not, at no cost.

Repaying

Repay on the due date, 7 to 30 days after you borrow, or earlier to pay less interest. Because renewals are not allowed, plan to repay in full, and remember the 60-day gap before your next payday loan. If you cannot pay on the due date, call the lender before it arrives; it cannot extend the loan for a fee, but it may be able to agree how to handle a short delay.

More options

Compare a $500 loan, read about weekend payday loans or emergency loans, or start with payday loans online.