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Best Good and Bad Credit Personal Loans Rhode Island of January 2025

Elite Personal Finance
Last Update: December 1, 2024 • Loans By State •
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Best Personal Loans for Bad Credit in Rhode Island of January 2025

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Amount:

$100 - $15,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 72 Months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $50,000
Min. Credit Score:

300
APR:

5.6% - 35.99%
Approval:

5 Minutes
Terms:

3 - 5 Years
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$100 - $40,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$100 - $15,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$100 - $40,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$200 - $5,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

< 1 Day
Terms:

12 - 120 Months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $35,000
Min. Credit Score:

580
APR:

5.99% - 35.99%
Approval:

< 1 Day
Terms:

90 Days - 72 Months
Licensed in Rhode Island:

Yes
Get started

Best Good Credit Loans in Rhode Island of January 2025

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Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

4.99 - 35.99%
Approval:

1 Day
Terms:

12 - 120 months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$2,000 - $40,000
Min. Credit Score:

640
APR:

7.95% - 35.99%
Approval:

1 - 3 Days
Terms:

36 - 60 months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 – $100,000
Min. Credit Score:

0
APR:

4.99 - 35.99%
Approval:

1 Day
Terms:

12 - 120 months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 – $35,000
Min. Credit Score:

580
APR:

5.99% – 35.99%
Approval:

< 1 Day
Terms:

90 Days – 72 Months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 – $50,000
Min. Credit Score:

500
APR:

3.99% – 35.99%
Approval:

< 1 Day
Terms:

1 – 5 Years
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 – $50,000

Min. Credit Score:

600
APR:

7.99% - 35.97%
Approval:

< 1 Day
Terms:

3 - 5 Years
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$5,000 – $35,000
Min. Credit Score:

640
APR:

5.99% – 24.99%
Approval:

1 – 7 Days
Terms:

2 - 5 Years
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$2,500-$35,000
Min. Credit Score:

660
APR:

6.99-24.99%
Approval:

1 Day
Terms:

24 - 84 Months
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$7,500 - $40,000
Min. Credit Score:

680
APR:

6 - 15%
Approval:

1 - 7 Days
Terms:

36 - 84 months
Licensed in Rhode Island:

Yes
Get started

Payday Loan Laws in Rhode Island of January 2025

According to the Rhode Island laws, payday loans are legal!

Our study found that the average payday loan APR is 400%. The interest allowed on payday loans in Rhode Island is 261%, making this business possible. However, the loan amount can’t exceed $500. The minimum amount is not set. Only one rollover is allowed. This is tricky because it allows people to avoid the full payment in a month and decreases the debt cycle chance.

This chapter regulates payday loan laws in Rhode Island. If you want to find the fees, here is the document.

Do you know what “deferred deposit transactions” are?

This is the way that the law names payday loans. For people who live in Rhode Island, this should make sense. However, for people in other states, this is an unknown term.

All deferred deposit transactions have to be registered by The Rhode Island Department of Business Regulation. If you want to be sure that a lender is licensed, you should verify his license there.

Rhode Island Loan Laws also:

  • Require a written contract signed by both the lender and the borrower. The contract should carefully reveal fees and the APR in dollars (US). The contract should contain full information on the loan term.
  • Require that lenders are licensed and don’t exceed the fees and the amount set according to the allowed limits.
  • Do NOT allow lenders to apply ANY criminal actions against borrowers. More information on that can be found here.

Notice from ElitePersonalFinance!

Although payday loans are legit in Rhode Island, people shouldn’t apply for them. People should use our quick bad credit guide:

  • Try personal loans if you can’t be approved because of your low credit score.
  • Try alternative payday loans if you can’t be approved because of your low credit score.
  • Wait and work on your credit score till you improve it.
  • Try other ways to make money.
  • Get a payday loan only if you have NO other options and only if you are sure that you can pay it on time.

Payday Loan Laws in Rhode Island by Country of January 2025

ElitePersonalFinance analysis of payday loan laws by countries in the State of Rhode Island.

City: Amount Allowed: APR Allowed: Status:
Providence $500 261% Legal
Cranston $500 261% Legal
Warwick $500 261% Legal
Pawtucket $500 261% Legal
East Providence $500 261% Legal
Woonsocket $500 261% Legal
Cumberland $500 261% Legal
Coventry $500 261% Legal
North Providence $500 261% Legal
South Kingstown $500 261% Legal
Johnston $500 261% Legal
West Warwick $500 261% Legal
North Kingstown $500 261% Legal
Newport $500 261% Legal
Westerly $500 261% Legal
Bristol $500 261% Legal
Lincoln $500 261% Legal
Smithfield $500 261% Legal
Central Falls $500 261% Legal
Portsmouth $500 261% Legal
Burrillville $500 261% Legal
Barrington $500 261% Legal
Middletown $500 261% Legal
Tiverton $500 261% Legal
Narragansett $500 261% Legal
East Greenwich $500 261% Legal
North Smithfield $500 261% Legal
Scituate $500 261% Legal
Warren $500 261% Legal
Glocester $500 261% Legal
Hopkinton $500 261% Legal
Charlestown $500 261% Legal
Richmond $500 261% Legal
Exeter $500 261% Legal
West Greenwich $500 261% Legal
Jamestown $500 261% Legal
Foster $500 261% Legal
Little Compton $500 261% Legal
New Shoreham $500 261% Legal

Auto Title Loans in Rhode Island of January 2025

Auto title loans in Rhode Island are legal but regulated by this chapter.

We at ElitePersonalFinance consider auto title loans predatory, although they are legit by laws. We found that the average APR on auto title loans is 300%, which is very expensive. We highly recommend that people try our bad credit loan guide above before getting a payday loan.

Best Auto Loans for Bad Credit in Rhode Island of January 2025

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Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

From 1.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

From 1.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $100,000
Min. Credit Score:

0
APR:

Vary
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $100,000
Min. Credit Score:

0
APR:

Vary
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $100,000
Min. Credit Score:

0
APR:

Vary
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$8,000 - $100,000
Min. Credit Score:

500
APR:

2.74% - 27%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

500
APR:

From 3.09%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$250 - $500,000
Min. Credit Score:

640
APR:

2.99% - 21.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,500 - $20,000
Min. Credit Score:

0
APR:

18.00% - 35.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $45,000
Min. Credit Score:

0
APR:

From 0.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $35,000
Min. Credit Score:

0
APR:

From 1.99%

Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$7,500 - $50,000
Min. Credit Score:

500
APR:

From 3.39%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$5,000 – $55,000
Min. Credit Score:

510
APR:

3.99% - 24.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

3.90% - 27.90%
Licensed in Rhode Island:

Yes
Get started

Best Auto Loans for Good Credit in Rhode Island of January 2025

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Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

From 1.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

From 1.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

500
APR:

From 3.09%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$250 - $500,000
Min. Credit Score:

640
APR:

2.99% - 21.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$5,000-$100,000
Min. Credit Score:

660
APR:

4.99% to 9.19%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$7,500 - $50,000
Min. Credit Score:

500
APR:

From 3.39%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$8,000 - $100,000
Min. Credit Score:

500
APR:

2.74% - 27%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

3.90% - 27.90%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$3,000 - $100,000
Min. Credit Score:

650
APR:

From 3.12%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$5,000 - $100,000
Min. Credit Score:

640
APR:

From 3.54%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$5,000 – $55,000
Min. Credit Score:

510
APR:

3.99% - 24.99%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$5,000 - $100,000
Min. Credit Score:

600
APR:

3.54% - 10.24%
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$1,500 - $20,000
Min. Credit Score:

0
APR:

18.00% - 35.99%
Licensed in Rhode Island:

Yes
Get started

FHA Loans in Rhode Island of January 2025

Rhode Island has 5 counties with FHA Limits ranging from a low of $460,000 for a 1-bedroom unit in Bristol County to a high of $884,600 for a 4-bedroom unit in Bristol County.

County: Single Unit Limit (lowest): Four-Plex Limit (highest):
Bristol County $460,000 $884,600
Kent County $460,000 $884,600
Newport County $460,000 $884,600
Providence County $460,000 $884,600
Washington County $460,000 $884,600

Business Loans in Rhode Island of January 2025

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Amount:

Up to $10,000,000
APR:

Vary
Min. Credit Score:

0
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$5,000 - $500,000
APR:

9.77% - 35.98%
Min. Credit Score:

600
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$5,000 - $500,000
APR:

5.99% – 35.99%
Min. Credit Score:

500
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $250,000
APR:

24% – 99%
Min. Credit Score:

560
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $350,000
APR:

9.28 - 10.52%
Min. Credit Score:

650
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $350,000
APR:

10.00 - 25.00%
Min. Credit Score:

680
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$75,000 - $5,000,000
APR:

5.50 - 8.25%
Min. Credit Score:

650
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $500,000
APR:

12.18 - 36.00%
Min. Credit Score:

660
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $500,000
APR:

9.00 - 99.00%
Min. Credit Score:

600
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $5,000,000
APR:

15.00 - 78.00%
Min. Credit Score:

600
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

Up to $1,000,000
APR:

Vary
Min. Credit Score:

0
Licensed in Rhode Island:

Yes
Get started
Apply Now
Amount:

$6,000 to $250,000
APR:

Vary
Min. Credit Score:

0
Licensed in Rhode Island:

Yes
Get started

All Licensed Credit Unions in Rhode Island of January 2025

Name: City: Size (Millions): Members:
PAWTUCKET CREDIT UNION Pawtucket $1,312.30 69678
GREENWOOD CREDIT UNION Warwick $327.73 57044
NAVIGANT CREDIT UNION Smithfield $1,256.62 49306
COVENTRY CREDIT UNION Coventry $248.36 30111
THE PEOPLES CREDIT UNION Middletown $372.53 27758
RHODE ISLAND CREDIT UNION Providence $230.07 24978
WESTERLY COMMUNITY CREDIT UNION Westerly $211.59 15352
WAVE FEDERAL CREDIT UNION Warwick $114.07 7807
DEXTER CREDIT UNION Central Falls $122.38 6574
COLUMBUS CREDIT UNION Warren $67.92 6409
BLACKSTONE RIVER FEDERAL CREDIT UNION Woonsocket $44.01 4577
WOODLAWN FEDERAL CREDIT UNION Pawtucket $12.29 4369
POSTAL GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION Providence $38.50 4211
ALLIANCE BLACKSTONE VALLEY FEDERAL CREDIT UNION Pawtucket $39.41 4124
CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION Cranston $55.05 3153
COMMUNITY & TEACHERS FEDERAL CREDIT UNION East Providence $20.09 2390
KENT COUNTY MEMORIAL HOSPITAL EMP. FEDERAL CREDIT UNION Warwick $11.86 2329
CUMBERLAND MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION Cumberland $8.76 1173
PAWTUCKET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION Pawtucket $3.60 951
POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION Pawtucket $7.22 788
COVENTRY TEACHERS FEDERAL CREDIT UNION Coventry $2.77 551
CAROL WIRE & CABLE CORP EMP FEDERAL CREDIT UNION Lincoln $0.58 198
NATCO EMPLOYEES FEDERAL CREDIT UNION West Warwick $0.23 78
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