The state of Montana underwent payday loan reform a couple years ago and put a lot of limitations on what lenders were able to work with. Title loans are pretty much non-existent in this state and payday loans were put at a $300 maximum. The APR you can expect to pay on a $100 14 day loan is set at 650% and you’ll have to pay back your loan within 30 days as no extensions are allowed in Montana.
Most payday loan shops in this state will offer a multitude of services to encourage repeat business. These could include check cashing, gift card purchasing, electronic bill paying and even new and used merchandise.
Montana Pay Day Loan Laws
Maximum Loan Amount: $300
Maximum Finance Rate: 25% of total loan amount
Annual Percentage Rate For 14 Day $100 Loan: 650%
Minimum Payoff Time: 1-31 days
Extensions Allowed: None
Top 5 Montana Payday Loan Companies
2504 West Main St # D
Bozeman, MT
(406) 586-2274
ezmoneycc.com
EZ Money is a full-service personal finance center where you can take care of most of your monthly bills in one shot. This company offers Montana residents the ability to pay their utility bills and phone bills as well as cash checks and get short-term payday loans. To get a payday loan here you will need to be in their system which consists of providing information such as a valid ID, current employer and proof of residence.
2200 Brooks St # 1
Missoula, MT
(406) 728-4469
cashconnection.org
Cash Connection is primarily a check cashing service located in Missoula, Montana. This company offers immediate cash for checks that your bank may want to sit on for 3-10 days. You can also get small payday loans here. First time customers may not be able to get the maximum $300 unless they make quite a bit per month but if you use their services often, you can increase this limit. You can also get installment loans by visiting one of their offices or applying online. These loans go up to $500.
201 West Main Street
Missoula, MT
(406) 721-1435
upaydayloans.com
Missoula Payday Loans is a locally owned and operated business that specializes in check holding loans. This is the traditional type of payday loan where you post-date a check for cash today. When the date on the check comes, it’s deposited and the loan amount plus any fees and charges is withdrawn. This company also can do all this check free with bank account information or you can use their website.
617 10th Avenue S # A
Great Falls, MT
(406) 771-7400
qcholdings.com
Quik Check is a well known payday loan company with offices all over the country. The physical offices work as full-service finance alternatives where you can cash checks, purchase money orders and prepaid debit cards as well as get payday loans. This is a well established and trustworthy company that can take care of your needs both in person and online. In a wide open state like Montana it’s beneficial to be able to do the entire payday loan process online as not everyone lives within a convenient driving distance of a store.
1216 16th Street West
Billings, MT
(406) 896-1033
checkholder.com
B & R Check Holders has been open in Billings for many years and is a well known and trusted resource there. They provide small, short-term loans to help people pay unexpected bills, stay afloat between paydays or just have some extra cash on hand. This company is very community oriented and offers very competitive rates in the city of Billings.