Payday loan amounts are small by design. Most range from $100 to $1,000, depending on the lender, your income and your state’s law.
Typical limits
Lenders set your limit based on your pay and ability to repay. Many states cap amounts: in Florida, for example, the usual cap is $500 before fees. Check your state’s rules because they differ widely.
Why the maximum is rarely the best choice
The more you borrow, the more you pay in fees. Borrowing $500 at about $15 per $100 costs around $75 in fees for two weeks. See our guide to $500 payday loans online for a worked example.
How to choose the right amount
- Add up the exact bill or expense you need to cover.
- Check your next paycheck after other bills.
- Borrow only an amount you can repay in full on the due date.
Use our emergency expense checklist to find the number, and compare alternatives if the cost looks too high.
Check Your Options Online
Fill in the secure form below. You will see the lender’s costs and terms before you accept anything.
Disclosure: CredQualify is not a lender and does not make credit decisions. We connect applicants with lenders in a network. Loan amounts, rates, fees and terms vary by lender and state, and funding times depend on the lender and your bank. Payday loans are expensive, short-term credit and should not be used as long-term financial solutions. Read the lender’s terms and see our Rates and Fees page before you accept any offer.