Georgia Payday Loans

Currently, payday loans are prohibited in the state of Georgia. Payday lending was essentially forced out of the state when laws changed in the early 2000s. Lenders may not give loans that are valued at less than $3000. The maximum amount of interest that can be charged on these loans is 16%. The lender must have a vested interest of at least 50% of the amount borrowed. This means that most small loans must be given out through banks that have capital to back them. Borrowers in the state of Georgia are only able to have one loan taken out at a time.

Because small short-term loans are prohibited in Georgia, lending regulations are different than those in other states. There is no cap on the amount of money that a borrower can have outstanding. Loan terms are set forth by the lending body and not by a regulatory agency.

Payday loans are offered in Georgia via the Internet. Loans that are granted online do not fall under the prohibition of payday loans. Companies in Georgia, in Atlanta and Savannah, have also found alternative methods for lending smaller amounts of money, including pre-paid debit cards that allow for overdrafts as well as auto title loans.

Maximum Loan Amount

Not specified by the state of Georgia.

Loan Terms

No loan restrictions.


Not specific whether borrowers are allowed to extend their loans.


15 percent is the maximum fee that a lender can charge.


For a $100, 14 day loan, the ARP is 360 percent.

Electronic Cash Management Inc
455 East Paces Ferry Road Northeast Suite 338
Atlanta, GA 30305
Barry Levin & Associates Inc
6675 Peachtree Industrial Blvd
Atlanta, GA 30360
Ace America's Cash Express - Store Locations, Atlanta
381 Moreland Avenue Southeast
Atlanta, GA 30316
Cash Credit Corporation
5846 Love Street Southwest
Atlanta, GA 30303
Ace Cash Express
461 Ponce De Leon Ave NE
Atlanta, GA 30308
Security Cash Advance Inc
322 North 3rd Avenue
Chatsworth, GA 30705
Suntrust - Gwinnett County Branches, Other Suntrust ATM Machines Located At
1300 Rockbridge Road
Atlanta, GA 30303
Cash Now Etc
5600 Memorial Drive
Atlanta, GA 30303
Ace America's Cash Express - Store Locations, Riverdale
6635 Highway 85
Atlanta, GA 30303
Ace America's Cash Express
5513 Peachtree Industrial Blvd
Atlanta, GA 30342

Georgia Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter