The beautiful island state of Hawaii has fairly liberal payday loan laws. This could be due to the fact that you aren’t able to simply drive for a couple hours and cross the border into a different state with different regulations established for payday loans.
In Hawaii, the maximum amount you can borrow is $600 which is one of the highest amounts in the US available for traditional payday loans. You’ll have a month total to pay this loan back in full and there are no rollovers allowed in Hawaii. Some lenders will let you take part in payment plans but this will vary by lender.
The typical finance rates you’ll be subjected to are 15% of the total loan amount plus the standard $17.65 fee for every $100 borrowed. This equates to an APR of 459% if you just get a 14 day loan.
Hawaii Pay Day Loan Laws
Maximum Loan Amount: $600
Maximum Finance Rate: 15% of the total loan amount plus $17.65 fee for every $100.
Annual Percentage Rate For 14 Day $100 Loan: 459%
Minimum Payoff Time: 0-32 days.
Extensions Allowed: No rollovers, extensions negotiable.
Top 5 Hawaii Payday Loan Companies
paydayhawaii.com
4-901G Kuhio Highway
Kapaa, Kauai, HI 96746
Pay Day Hawaii has locations on each Hawaiian island and is locally owned and operated. This company was established in 1999 and is one of the most recognizable check cashing and payday loan businesses in the Hawaiian islands due to their popular commercials. Open seven days a week, you can take advantage of their services no matter when an emergency arises.
thepaydayplace.com/
Online Company
The Payday Place operates all across the US and functions as a purely online company. They work with nearby Hawaiian lenders and simply match you with a compatible company that will work with you no matter what your particular income situation is like. This is a great time saver as you’ll only fill out a single application then wait for a phone call instead of filling out tons of paperwork and facing possible rejections if you’ve had some financial issues in the past.
loanshack.com
Leiopapa A Kamehameha Building
235 South Beretania Street, Suite 801
Honolulu, Hawaii 96813
Loan Shack is another locally owned and operated combo check-cashing/payday loan/small finance operation based in Hawaii. A nice aspect of Loan Shack is they treat every single customer as a unique individual and not just some figures on a spreadsheet. This enables them to personalize every transaction you take part in and get very specialized service.
moneymart.com
1419 Dillingham Hwy
Honolulu, Hawaii
808-848-2435
Money Mart is a relatively small payday loan outfit that operates in just ten states including Hawaii. This company offers you typical payday loans that will vary in amounts depending on your employment, income and bank standings. You’ll need to have a checking account, pay stubs, ID and a bank statement that proves you aren’t in the red to qualify for a loan here.
46 North Market Street, Wailuku, HI
(808) 244-6054
paycheckloan.com
Kamaaina has been in business for 35 years on Maui and has specialized in getting customers the money they need in any way possible. This business acts as a pawn shop but also as a customer friendly short-term loan solution. You can use their website 24 hours a day, 7 days a week to get the loan process started or you can call them any time to speak with a customer support representative or leave a voice mail for more information. Since this business only works with Hawaii residents, you can be sure they know all the current laws regarding payday loans in Hawaii.