Installment Loans in North Dakota
North Dakota licenses money brokers for broader consumer lending. Covered finance charges are capped at a 36% annual rate including origination charges, while loans under $2,000 also have equal-installment, 36-month maximum-term, and no-balloon protections.
North Dakota legal category: Money Broker Consumer Loan · North Dakota Century Code Chapter 13-04.1 — Money Brokers
North Dakota installment loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Money Broker Consumer Loan
- Maximum amount in this regime
- Chapter 13-04.1 does not impose a $5,000 statutory maximum on all money-broker consumer loans. The $5,000 endpoint is the PLS Cash Advance selector boundary.
- Term
- For small installment loans originated for less than $2,000, the maximum term may not exceed 36 months and balloon payments are prohibited. No universal maximum term is asserted here for loans of $2,000 or more within the site range.
- Regulator
- North Dakota Department of 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.
Payday Loans in North Dakota
Editorial payday route within North Dakota’s $500 cash-disbursement ceiling.
Installment Loans in North Dakota
Editorial installment route. Loan-specific term and fee rules depend on amount and contract.
Amount and term limits
Chapter 13-04.1 does not impose a $5,000 statutory maximum on all money-broker consumer loans. The $5,000 endpoint is the PLS Cash Advance selector boundary.
For small installment loans originated for less than $2,000, the maximum term may not exceed 36 months and balloon payments are prohibited. No universal maximum term is asserted here for loans of $2,000 or more within the site range.
Interest, fees and repayment
North Dakota’s money-broker chapter uses a 36% annual all-in origination ceiling for the covered finance charges, with separate permitted default/late charges and enumerated exceptions.
A licensed money broker may not contract for or receive finance charges above a 36% annual rate, including charges and fees necessary for extension of credit incurred at origination; specified late charges and other statutory exceptions are treated separately.
For loans under $2,000, installment loans must be paid in equal installments and may not use a balloon payment; above that threshold the applicable contract and chapter control.
Rollovers, refinancing and early payment
- Rollover allowed?
- Not reduced to a yes/no rule
Refinancing is permitted subject to statutory limits; for loans under $2,000, refinance fees combined with original-loan fees are capped per calendar year. - Prepayment penalty allowed?
- Not reduced to a yes/no rule
No universal prepayment-penalty flag is encoded here for every North Dakota money-broker consumer loan.
North Dakota borrower protections
- Finance charges are capped at a 36% annual rate including charges and fees necessary for credit incurred at origination, subject to statutory exceptions.
- For installment loans under $2,000, repayment must be in equal installments.
- For loans under $2,000, maximum term is 36 months and balloon payments are prohibited.
- Money brokers must hold the applicable North Dakota license.
- The $5,000 endpoint is the PLS Cash Advance selector boundary, not a statutory maximum.
North Dakota loan cost calculator
How to verify a lender in North Dakota
Regulator: North Dakota Department of Financial Institutions.
Money Broker license
Official sources
- North Dakota Century Code Chapter 13-04.1 — Money Brokers · primary
- North Dakota DFI — Non-depository FAQ · primary
Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.