Rhode Island authorizes deferred-deposit (payday) loans up to $500, with a fee of up to 10% of the amount advanced. The short term still produces a high effective APR. State law limits borrowers to a set number of loans and provides for a repayment plan.
Key limits in Rhode Island
- Maximum loan amount: $500
Figures can change — always confirm current limits with the official source below before borrowing.
Source: Consumer Federation of America (paydayloaninfo.org) · last verified 2026-07-24 · pending second-source verification
This page is general information, not legal or financial advice. State laws change; verify current rules with your state regulator or the source above.