Best Loans in Georgia, Payday, Auto Title Laws of February 2024

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Last Update: November 2, 2022 Loans By State
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The Georgia Industrial Loan Act requires licensed lenders to cap loans at $3,000 and terms at 36 months and 15 days.

To operate legally within the state, licensed lenders have to pay a $250 application fee and a $500 licensing fee.

For both single-payment and installment loans, interest rates are capped at 10%. For loans with terms of 18 months or less, lenders can discount interest in advance. For terms exceeding 18 months, interest must be added to the loan principal.

Other allowable charges include:

  • An 8% loan fee on the first $600 and a 4% loan fee on any excess.
  • A late payment fee of $10.
  • A maintenance fee of $3.

Best Bad Credit Loans in Georgia of February 2024

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 72 Months

Licensed in Georgia:

Yes

Amount:

$1,000 - $50,000

Min. Credit Score:

300

APR:

5.6% - 35.99%

Approval:

5 Minutes

Terms:

3 - 5 Years

Licensed in Georgia:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Georgia:

Yes