The state of Kentucky has fairly standard laws and regulations put in place for the payday loan industry. The maximum amount you can borrow at a single time is $500 and when it’s time to repay that loan, you’ll pay a finance charge of $15 on every $100 borrowed. Kentucky is fairly liberal with payoff times and you’ll typically be expected to pay your loan back between two weeks and two months though it’s encouraged to pay it back on your next payday.
Kentucky Pay Day Loan Laws
Maximum Loan Amount: $500
Maximum Finance Rate: $15 on every $100
Annual Percentage Rate For 14 Day $100 Loan: 459%
Minimum Payoff Time: 14-60 days
Extensions Allowed: None
Top 5 Kentucky Payday Loan Companies
5510 New Cut Road
Louisville, KY
(502) 380-3726
lifedoeshappen.com
First American Cash Advance bills itself as an acceptable alternative to those who aren’t getting the desired amount of help from a traditional bank. This company is very customer service oriented and prides itself on offering the friendly atmosphere and getting to know each customer’s individual needs. Residents of Kentucky can visit any location to receive payday loans, use Western Union services and take advantage of tax preparation and filing services.
2333 Versailles Rd # B
Lexington, KY
(859) 255-0080
cashtyme.com
Cash Tyme is a relatively small payday loan company that opened in 1998. This company offers your traditional type of payday loan to Kentucky residents with a $500 maximum limit. This company recognizes that sometimes unexpected events occur and you will need some money fast and they want to be the ones to help you out. You can use their payday loan services Monday through Friday until 6 PM and on Saturday until 3 PM.
7105 Dixie Highway
Florence, KY
(859) 371-7274
advanceucash.com
Check Advance has a couple different locations in Kentucky that offer residents easy to get payday loans. This company accepts people with that credit, no credit, bankruptcy and those who are considered problem borrowers by traditional financial institutions. You can get up to the $500 limit allowed by the laws of Kentucky and this company gives you the first loan or free meaning you don’t have to pay any finance charges whatsoever.
2417 Nicholasville Road # 110
Lexington, KY
(859) 276-5123
checkex.com
Check Exchange has numerous locations in Kentucky and Northern Kentucky as well as the comprehensive website that allows you to apply right online. The official website is full of useful information about this business and lays everything out very clearly for you. You can check out all their different paydays services as well as all the different fees that correspond with every dollar amount they offer.
2206 Hikes Lane
Louisville, KY
(502) 456-6663
moneynow.net
Money Now as a handful of locations in Kentucky as well as a very thorough website. You can use this company to get short-term payday loans or title loans that your little more freedom in payback time and dollar amounts. For a typical payday loan need a current bank statement, paystub, state ID, bill with your address on it and a check. For a title loan, you’ll have to sign over your vehicle’s title to this company to receive your cash and when you pay your loan back in full, that title is signed back over to you.