Installment Loans in Montana
Montana separately licenses consumer-loan companies for personal installment borrowing. The Consumer Loan Act applies to loans in any amount and caps interest at 36% per year, with installment-payment rules when periodic payments are used.
Montana legal category: Montana Consumer Loan · Montana Consumer Loan Act, MCA Title 32, Chapter 5
Montana installment loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Montana Consumer Loan
- Maximum amount in this regime
- The Montana Consumer Loan Act applies to consumer loans in any amount under the licensing provision. The $5,000 endpoint on this page is the PLS Cash Advance selector boundary, not a statutory maximum.
- Term
- If installment payments are required, principal and interest generally must be payable at approximately equal periodic intervals. The cited Act does not impose one universal maximum installment term for all loans in this site range.
- Regulator
- Montana Division of Banking and Financial Institutions
- Verified
- 2026-09-07
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.
Installment Loans in Montana
Primary regulated route for the current site range while Montana has no licensed payday lenders.
Payday Loans in Montana
Montana law contains a deferred-deposit product, but the state regulator currently reports no licensed payday lenders. Use the regulated consumer-loan guide instead.
Amount and term limits
The Montana Consumer Loan Act applies to consumer loans in any amount under the licensing provision. The $5,000 endpoint on this page is the PLS Cash Advance selector boundary, not a statutory maximum.
If installment payments are required, principal and interest generally must be payable at approximately equal periodic intervals. The cited Act does not impose one universal maximum installment term for all loans in this site range.
Interest, fees and repayment
Montana Consumer Loan Act licensees may charge interest up to 36% per year; separate third-party and other specifically authorized fees can apply.
Interest may not exceed 36% a year, excluding specified authorized fees.
When the contract uses installments, principal and interest generally must be payable at approximately equal periodic intervals; the statute separately addresses balloon-payment structures.
Rollovers, refinancing and early payment
- Rollover allowed?
- Not reduced to a yes/no rule
Renewal or refinancing depends on the contract and Consumer Loan Act; no payday-style rollover rule is imported into this product. - Prepayment penalty allowed?
- Not reduced to a yes/no rule
No single universal prepayment-penalty rule is encoded here from the cited sections.
Montana borrower protections
- Consumer-loan companies must be licensed under the Montana Consumer Loan Act.
- Interest is capped at 36% per year, excluding specifically authorized fees.
- Installment contracts generally require approximately equal periodic principal-and-interest payments.
- The $5,000 site endpoint is editorial rather than statutory.
Montana loan cost calculator
How to verify a lender in Montana
Regulator: Montana Division of Banking and Financial Institutions.
Consumer Loan license
Official sources
- MCA §32-5-103 — Consumer-loan business restrictions · primary
- MCA §32-5-301 — Fees charged to consumers · primary
- MCA §32-5-302 — Installment and balloon payments · primary
- Montana DFI — Consumer Loan licensing and FAQ · primary
Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.