Vermont Payday Loans

Vermont is a fascinating state filled with history and historical sites.  Vermont is the largest producer of maple syrup in the United States and is the second largest state in New England behind Maine.  Of the 13 colonies, Vermont was the first state admitted to the union.  Vermont is also home to some of the most interesting political stories in the nation.  The stories of candidates running as one party only to support the other party once elected are common. 

Vermont's laws prohibit interest rates that reach into triple digits.  This makes payday loans and cash advance loans effectively illegal in the state.  In order to operate in Vermont, payday loan companies must purchase a charter from a bank that has out of state offices.  Once that charter is purchased the loan company can then operate under the laws and limits set by the state in which the charter comes from. 

All things concerning payday loans and cash advances in Vermont are varied and depend on the parent state of the company's charter bank.  It is therefore possible to receive different interest rates at stores standing next door to one another.  For that reason Vermont has not published restrictions on loan amounts, interest charges, loan terms, or fees.

Maximum Loan Amount

Not specified by Vermont law.

Loan Terms

Not specified under Vermont law.


Vermont law does not specify the number of extensions a borrower is allowed.

Fees and Charges

Any fee or charge that a customer is willing to pay, a lender can charge.  The only rule that must be followed is Vermont's annual interest rate cap of 24%.  For $20 collection costs, a one-time non-sufficient funds fee can be charged as well.

Fee Schedules and APR

Vermont law doesn't specify a fee schedule or APR.

Merchant's Bank
25 Ralph Lehman Dr
Hartford, VT 05047
Nationwide Check & Credit Card Services
29 Main Street
Montpelier, VT 05602
Hiler Hospitality, LLC
135 Upper Dummerston Road
Brattleboro, VT 05301
(802) 451-1934
Hiler Hospitality
40 High Street
Brattleboro, VT 05301
(802) 451-1934

Vermont Loan Statistics

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