Payday Loans in Maryland
Maryland does not authorize a separate high-cost payday-loan regime. Most consumer lenders must be licensed, and loans of $25,000 or less are subject to state-authorized interest limits; high-cost payday offers above those limits are not lawful merely because they are marketed as cash advances.
Maryland legal category: High-cost Payday Loan — not a separate authorized Maryland product · Maryland Consumer Loan Law and state interest-rate limits; most consumer lenders must be licensed
Maryland payday loans at a glance
- Legal status
- Restricted
- Legal category
- High-cost Payday Loan — not a separate authorized Maryland product
- Maximum amount in this regime
- Maryland does not provide a separate high-cost payday-loan amount schedule. Consumer loans of $25,000 or less are subject to Maryland licensing and rate rules, subject to statutory exceptions.
- Term
- No special lawful payday term is encoded because Maryland regulates the credit through its consumer-loan and interest-rate framework rather than a separate payday-loan statute.
- Regulator
- Maryland Office of Financial Regulation (OFR)
- 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.
Payday Loans in Maryland
Maryland does not have a separate high-cost payday route. Use the Maryland installment/consumer-loan guide for the current $200–$5,000 selector.
Installment Loans in Maryland
Preferred Maryland routing for the entire current selector because there is no separate high-cost payday product to recommend.
Amount and term limits
Maryland does not provide a separate high-cost payday-loan amount schedule. Consumer loans of $25,000 or less are subject to Maryland licensing and rate rules, subject to statutory exceptions.
No special lawful payday term is encoded because Maryland regulates the credit through its consumer-loan and interest-rate framework rather than a separate payday-loan statute.
Interest, fees and repayment
A payday offer that exceeds Maryland’s permitted interest and charge limits should not be treated as a lawful payday product merely because it is offered online.
Maryland OFR states that consumer lenders of $25,000 or less may not exceed state-authorized rates. For a loan of $2,000 or less, the alternative statutory schedule permits 2.75% per month on the first $1,000 and 2% per month above $1,000; for loans above $2,000, up to 2% per month on the unpaid principal balance under that schedule.
Repayment depends on the lawful consumer-credit authority used by the lender; no separate payday single-payment structure is presented as a Maryland product.
Rollovers, refinancing and early payment
- Rollover allowed?
- Not reduced to a yes/no rule
No separate payday rollover allowance is encoded because the high-cost payday model is not treated as a distinct authorized product. - Prepayment penalty allowed?
- Not reduced to a yes/no rule
Prepayment treatment depends on the governing Maryland consumer-credit subtitle and contract; the sources used here do not support one universal payday prepayment flag.
Maryland borrower protections
- Most Maryland consumer lenders must be licensed by the Office of Financial Regulation.
- Maryland imposes statutory interest ceilings on consumer loans of $25,000 or less, subject to exceptions.
- OFR warns consumers about high-cost payday lending that exceeds Maryland limits.
- Consumers can verify regulated financial service providers through NMLS Consumer Access.
How to verify a lender in Maryland
Regulator: Maryland Office of Financial Regulation (OFR).
Consumer Lender or other applicable Maryland lending authority; no separate high-cost payday license
Official sources
- Maryland OFR — “Payday” Loans · primary
- Maryland Commercial Law §12-306 — Maximum interest rates · primary
- Maryland OFR — Search for Regulated Financial Service Providers · primary
Last regulatory verification: 2026-09-06. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.