Kentucky Payday Loans

Taking out a payday loan can be a good option for an immediate financial need. Each state has different laws that govern the amount, type and quantity of payday loan funds secured by individual borrowers. In Kentucky, certain laws for payday loans must be followed by every lender and these regulations are in place for the protection of consumers.

The first protection includes a law that requires payday lenders, like lenders in Louisville, to disclose their fee upfront, in writing. Since it is illegal for payday lenders to roll over or extend a payday loan, there are no interest rates - only the set service fee. If you have ever taken out a payday loan in a different state, you may have been able to pay the service fee and extend the loan period. This is not the case in Kentucky, so plan accordingly.

A borrower can take up to $500 out in a payday loan between up to two lenders at a time. Loan terms range from a minimum of 14 days to a maximum of 60. The highest fee that a lender can charge is $15 per $100 of principal borrowed. That amount may be worth it in order to pay other bills on time or avoid costly overdraft fees. Keep in mind that the APR for a 14-day loan of just $100 is 459%.

If a borrower defaults on a payday loan, lenders in Kentucky are not allowed to file civil or criminal charges, yet another protection put in place to protect consumers.

Maximum Principal

Consumers can take up to $500 in payday loans.

Length of Loan

Loan terms range from 14 to 60 days.


Extensions of loans or rollovers are prohibited in Kentucky.


The highest finance fee allowed by Kentucky law for cash advances is $15 per $100. A two-week loan for $100 would cost the borrower $115 total.


The annual percentage rate for a two-week cash advance in Kentucky for $100 is 390 percent.

Advanceme, Inc
407 Regency Court, Suite 6
Louisville, KY 40207
Check Into Cash
4917 Dixie Highway Suite K
Louisville, KY 40216
Hospitality Funding, LLC
407 Regency Court Suite 6
Louisville, KY 40207
Check Into Cash
2310 South Preston Street
Louisville, KY 40217
Cash Tyme
2206 Hikes Lane Suite B
Louisville, KY 40218
First American Cash Advance
3021 Breckenridge Lane
Louisville, KY 40220
Check Into Cash
3929 Taylorsville Road
Louisville, KY 40220
Cash Tyme
4640 Dixie Highway # A
Louisville, KY 40216
Check Advance
4140 Taylor Boulevard
Louisville, KY 40215
Cash America Pawn
4133 Shelbyville Road
Louisville, KY 40207

Kentucky Loan Statistics

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