Laws & Rules Regarding Alabama Payday Loans

If you are a resident of Alabama and need some extra cash to cover the essential expenses, then our payday loan company is always here to help you solve your short-term monetary problems. Working only with a wide network of reliable payday lenders offering small-dollar loans online, we offer our customers to try our easy application process no matter where they are. All you need is an Internet access. Well, and a personal computer, of course. Our website is designed in a way to let you fulfill the application for Alabama payday loans at any time, being it a day or night. Just go online and file your request on PaydayLoansAt.com to get approved on the same day. Basically, there are only three steps for you to pass: fill in the form on the website, get approved in 1 hour and pull the cash out of your bank account in 24 hours.

Same day approval and fast application processing are the major advantages of the service presented by PaydayLoans@ company. However, be sure to face even more benefits applying to payday loan lenders in Alabama through our website. You will be able to avoid any paperwork as our lenders offer faxless payday loans which can be obtained even by customers with bad credit history. It is a really easy service. Apply with us and you will be pleased for sure!


Consider the State Laws Before Applying To AL Payday Lenders


Online lending service is really that easy, however, you should remember that the payday loan industry is regulated by the laws which are not the same in different states. Thus, you are better to be aware of the main points regarding the regulation of short-term lending business and we are actually here to inform you of the main regulatory features which refer to payday loans in Alabama.
According to the Alabama Deferred Presentment Services Act, Title 5, Chapter 18A, the full outstandingpayday loan amount is due and payable after the initial period of loan and one roll-over with the same client. The lender can offer an extended option for the loan repayment that allows four equal monthly installments of the remaining loan balance in case a customer fails to repay the full outstanding pay day loan balance. Additional fee can be charged by the lender if there are insufficient amount to pay a check on the presentment date.

  • Maximum Loan Amount - $500
  • Maximum Loan Term - Not more than 31 days, but not less than 10 days
  • Fees & Charges - Can not exceed 17.5% of the loan amount

PaydayLoansAt.com is a perfect place for people to apply for AL payday loans online. We work with thedirect lenders who will contact you once your application is reviewed. In most cases consumer requests are approved in real time, and it is a great opportunity for individuals to save time. Application process is really fast and makes it possible for the borrowers to access money within 24 hours. The funds are transferred straight to the bank account and are often available on the next day.