Payday Loans Wisconsin

Payday loans are legal in Wisconsin.

The minimum loan amount is not set. The maximum loan amount is $1,500 or 35% of the customer’s gross monthly income. The borrower can get 2 renewals, there is no limit to the number of payday loans online in Wisconsin but there should be a 24-hour cooling-off period between them.

NSF fee does not exceed $15; criminal actions against borrowers are prohibited in WC.

In-store and online payday loans in Wisconsin (Milwaukee, Madison, Kenosha, Hudson) are regulated by Wis. Stat. 138.14.

In order to operate in the state payday lenders (in-store or online) are required to have a license.

The maximum loan term is 90 days.

Wisconsin Payday Loan Regulations:

Legal Status Legal
Minimum Loan Amount Not Specified
Maximum Loan Amount $1,500 (or 35% of the gross monthly income)
Number of Rollovers Allowed 1
Interest Rate (APR) 574% APR
Minimum Loan Term Not Specified
Maximum Loan Term 90 days
Finance Charges 2.75%/mo