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Vermont lender directory

Payday Loans in Vermont: Rates Capped at 24%. Here Are the Legal Options

We list no payday loan stores in Vermont, and Vermont law caps what lenders can charge. Below is what the law says, and the licensed ways to borrow in Vermont that we track.

What Vermont law says

For an installment loan not otherwise limited, the interest rate cannot exceed 24 percent per annum on the first $1,000.00 of the aggregate balance outstanding and 12 percent per annum on the balance over $1,000.00, or 18 percent annual percentage rate on the whole balance, whichever is higher.

Source: 9 V.S.A. § 41a(b)(5) · verified Oct 9, 2026

A loan to someone in Vermont has to stay within this limit unless the lender is licensed or otherwise authorized by Vermont law to charge more. We list no payday loan stores in Vermont; the licensed options we track are below.

If someone offers you a payday loan in Vermont

Some lenders based in other states or online still advertise payday loans to Vermont residents. A loan from a lender that is not licensed in Vermont may not come with the protections that licensed lenders must give, such as cost limits and complaint rights. Before you borrow, check that the lender is licensed in Vermont.

To report a lender or ask a question, contact the Vermont Department of Financial Regulation (DFR), Banking Division.

Questions people ask

Are payday loans legal in Vermont?

We list no payday loan stores in Vermont. For an installment loan not otherwise limited, the interest rate cannot exceed 24 percent per annum on the first $1,000.00 of the aggregate balance outstanding and 12 percent per annum on the balance over $1,000.00, or 18 percent annual percentage rate on the whole balance, whichever is higher (9 V.S.A. § 41a(b)(5)).

Answers are generated from the listings and verified rules on this page; see Sources below.

Sources

Where the facts on this page come from, and when we last checked them.

  1. 9 V.S.A. § 41a(b)(5) · Interest rate cap Last verified Oct 9, 2026 · high confidence
  2. Vermont Department of Financial Regulation (DFR), Banking Division · Licensing and complaints Date not recorded

We re-check sources regularly and show the date each was last verified. Spotted a mistake? Tell us and we'll check it against the source.

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