Payday Loans in Montana
Montana law still defines a tightly limited deferred-deposit loan—$50 to $300, up to 31 days, with charges capped at 36% per annum—but the state regulator currently reports that there are no licensed payday lenders in Montana.
Montana legal category: Deferred Deposit Loan · Montana Deferred Deposit Loan Act, MCA Title 31, Chapter 1, Part 7
Montana payday loans at a glance
- Legal status
- Restricted
- Legal category
- Deferred Deposit Loan
- Maximum amount in this regime
- $300
- Term
- Up to 31 days
- 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.
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.
Installment Loans in Montana
Primary regulated route for the current site range while Montana has no licensed payday lenders.
Amount and term limits
A Montana deferred deposit loan must be at least $50 and may not exceed $300, exclusive of the permitted fee.
A deferred deposit loan may not have a term longer than 31 days.
Interest, fees and repayment
Montana’s deferred-deposit law caps the authorized loan charge at 36% per annum rather than permitting a traditional triple-digit payday fee schedule.
The fee for making or carrying a deferred deposit loan may not exceed 36% per annum; a single insufficient-funds fee of up to $30 may apply under the statute.
The deferred deposit transaction is generally due at maturity within the statutory 31-day maximum.
Rollovers, refinancing and early payment
- Rollover allowed?
- Not reduced to a yes/no rule
No separate rollover rule is encoded here beyond the statutory deferred-deposit requirements cited on this page. - Prepayment penalty allowed?
- Not reduced to a yes/no rule
The cited payday provisions provide a next-business-day rescission right; no separate universal prepayment-penalty flag is asserted here.
Montana borrower protections
- Deferred-deposit principal is limited to $50–$300.
- The term may not exceed 31 days.
- Authorized loan charges are capped at 36% per annum.
- The borrower has a statutory next-business-day rescission right.
- The Montana regulator currently reports zero licensed payday lenders.
How to verify a lender in Montana
Regulator: Montana Division of Banking and Financial Institutions.
Deferred Deposit Loan license
Official sources
- MCA §31-1-715 — Deferred deposit loan requirements · primary
- MCA §31-1-722 — Permitted fees · primary
- Montana DFI — Mortgage and Consumer Finance · primary
Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.