Permitted Regulated Verified 2026-09-06 · ver. 0.2.3 How we verify these rules

Installment Loans in Kentucky

Kentucky licenses consumer loan companies for installment lending up to $15,000. Within the current PLS Cash Advance range, loans generally use substantially equal periodic installments, amount-dependent maximum repayment periods, and statutory monthly charge ceilings.

Kentucky legal category: Consumer Loan Company Installment Loan · KRS Chapter 286.4 (Consumer Loan Companies)

Kentucky installment loans at a glance

Legal status
Permitted Regulated
Legal category
Consumer Loan Company Installment Loan
Maximum amount in this regime
$15,000
Term
For principal of $3,000 or less, scheduled repayment must be completed within 60 months and 15 days; for principal above $3,000, within 120 months. The contract generally uses substantially equal installments at approximately equal intervals, subject to the statutory seasonal-income exception.
Regulator
Kentucky Department of Financial Institutions (DFI)
Verified
2026-09-06

Choose a loan type by amount

PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.

$200–$600

Payday Loans in Kentucky

Preferred routing for short-term Kentucky requests within the current aggregate deferred-deposit proceeds ceiling. Eligibility and open-loan limits still apply.

See Payday Loans

$600–$5,000 Current guide

Installment Loans in Kentucky

Preferred routing for larger or multi-payment Kentucky requests. $5,000 is the current site selector boundary, not the statutory consumer-loan maximum.

Amount and term limits

A Kentucky consumer loan company licensee may make covered loans up to $15,000 under KRS 286.4. PLS Cash Advance currently routes only the $600–$5,000 portion of its selector to this guide.

For principal of $3,000 or less, scheduled repayment must be completed within 60 months and 15 days; for principal above $3,000, within 120 months. The contract generally uses substantially equal installments at approximately equal intervals, subject to the statutory seasonal-income exception.

Interest, fees and repayment

Kentucky consumer-loan pricing uses monthly statutory rates, precomputation/refund rules and separate permitted charges. The page does not convert those provisions into one advertised APR ceiling.

KRS 286.4-530 permits monthly charge ceilings that depend on principal: up to 3% per month at $5,000 or less, 2.42% per month above $5,000 through $10,000, and 2.25% per month above $10,000 through $15,000. Separate authorized charges may also apply.

The contract must provide scheduled repayment in substantially equal installments at approximately equal periodic intervals, with a limited exception designed around seasonal income.

Rollovers, refinancing and early payment

Rollover allowed?
Not reduced to a yes/no rule
Consumer installment loans use refinancing and renewal provisions rather than the payday rollover model; no universal rollover flag is asserted here.
Prepayment penalty allowed?
Not reduced to a yes/no rule
KRS 286.4-530 provides a refund of unearned scheduled charges when a precomputed loan is prepaid. Because permitted charges and calculation methods vary, this page does not reduce the prepayment rules to a single yes/no penalty label.

Kentucky borrower protections

  • Licensed consumer loan companies are subject to Kentucky DFI supervision.
  • Covered consumer-loan authority is capped at $15,000 under KRS 286.4.
  • Loans of $3,000 or less generally must be scheduled within 60 months and 15 days; larger covered loans within 120 months.
  • Repayment generally uses substantially equal periodic installments.
  • Precomputed loans have statutory refund rules for unearned charges on prepayment.

Kentucky loan cost calculator

Why there is no single statutory calculator: Kentucky uses principal-dependent monthly charge ceilings, potentially precomputed charges and separate authorized fees, so a generic APR calculator would not demonstrate statutory compliance.

How to verify a lender in Kentucky

Regulator: Kentucky Department of Financial Institutions (DFI).

Consumer Loan Company license

Verify a lender license

Official sources

  1. KRS 286.4-530 — Basic, default, and deferment charges; refund upon prepayment · primary
  2. KRS 286.4-580 — Scheduled repayment requirements · primary
  3. Kentucky DFI — Entity Search · primary

Last regulatory verification: 2026-09-06. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.