Payday loans in Georgia are prohibited.
The state put a ban on this practice in 2004. Today, there are no payday lenders in Georgia.
Lending in Georgia is regulated by the Industrial loan act (Ga. Code Ann. 7-3-14., Ga. Comp. R. & Regs. r. 80 3-1.02(7) and O. C.G.A. Section 16-17-1 et seq.).
There are very strict regulations with regard to loans for bad credit in GA.
Some companies are allowed to give small cash loans in GA but they must comply with the regulations..
All small loans in Georgia have a minimal amount of $3,000.
Small cash advances less than $3,000 are capped at 10% APR.
Georgia Payday Loan Regulations:
| Legal Status | Legal |
| Interest Rate (APR) | 10% small loan cap |