Installment Loans in West Virginia
West Virginia licenses Regulated Consumer Lenders under Chapter 46A, Article 4. In the current $200–$5,000 PLS Cash Advance range, unsecured loans are subject to a 31% annual ceiling through $3,500 and 27% above $3,500, with additional structure-specific fee rules.
West Virginia legal category: Regulated Consumer Loan · West Virginia Consumer Credit and Protection Act, Chapter 46A, Article 4
West Virginia installment loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Regulated Consumer Loan
- Maximum amount in this regime
- Article 4 uses rate bands rather than a single overall statutory principal ceiling. Within the PLS Cash Advance $200–$5,000 range, the important pricing breakpoint is $3,500.
- Term
- No single maximum term is asserted for all regulated consumer loans. The statute separately restricts scheduled balloon payments and negative amortization in covered loans.
- Regulator
- West Virginia Division 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.
Installment Loans in West Virginia
Editorial route for West Virginia regulated consumer loans; the $3,500 point is a statutory pricing breakpoint, while $5,000 is only the site selector boundary.
Payday Loans in West Virginia
Traditional payday lending is not used as a West Virginia offer route; use regulated installment/consumer-loan guidance.
Amount and term limits
Article 4 uses rate bands rather than a single overall statutory principal ceiling. Within the PLS Cash Advance $200–$5,000 range, the important pricing breakpoint is $3,500.
No single maximum term is asserted for all regulated consumer loans. The statute separately restricts scheduled balloon payments and negative amortization in covered loans.
Interest, fees and repayment
For an unsecured loan of $3,500 or less, the statutory annual finance-charge ceiling is 31% on the unpaid principal balance. Above $3,500 through $15,000, the ceiling is 27%.
For qualifying non-real-estate loans above $3,500 through $15,000, up to two points may be included in the finance charge on certain closed-end loans. DFI also describes a limited alternative fee structure for smaller closed-end loans.
Regulated consumer loans may use installment repayment. Covered contracts are subject to statutory restrictions including limits on scheduled balloon payments and negative amortization.
| Principal band | Maximum annual interest rate |
|---|---|
| $0–$3,500 | 31% |
| $3,500–$15,000 | 27% |
Rollovers, refinancing and early payment
- Rollover allowed?
- Not reduced to a yes/no rule
Refinancing and renewal are governed by Article 4; no payday-style rollover flag is asserted. - Prepayment penalty allowed?
- Not reduced to a yes/no rule
No universal prepayment-penalty statement is encoded for every regulated consumer-loan structure.
West Virginia borrower protections
- Regulated consumer lenders must hold the applicable West Virginia license.
- Unsecured loans of $3,500 or less are capped at 31% per year on unpaid principal.
- Loans above $3,500 through $15,000 are capped at 27% per year.
- Covered loans are subject to statutory restrictions on balloon payments and negative amortization.
West Virginia loan cost calculator
How to verify a lender in West Virginia
Regulator: West Virginia Division of Financial Institutions.
Regulated Consumer Lender license
Official sources
- West Virginia Code §46A-4-107 — Loan finance charge for regulated consumer lenders · primary
- West Virginia DFI — FAQ / Regulated Consumer Lender rates · primary
- West Virginia Code §46A-4-110A — Balloon payments and negative amortization · primary
Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.