Delaware Payday Loans

Del. Code Ann. Tit. 5 2227 et seq.
Status: Legal

Payday loans are legal in the state of Delaware, pursuant to Del. Code Ann. Tit. 5 2227 et seq. The number of companies offering payday loans in Delaware, currently stands at 146.

Payday Loan Lending Laws in Delaware

Delaware payday loan laws are particularly interesting for the lack of specified limits in numerous areas. The maximum amount a potential borrower can request from a payday lender cannot exceed $1,000, which must be paid back to the lender within 60 days. Beyond that, however, few limits are specified, including the APR and the maximum finance rate and fees. These should be early indicators of how important it is for a potential borrower to understand all of the terms of services before agreeing to a payday loan.

Surprisingly, the state of Delaware also has relatively loose terms regarding the number of loan applications allowed. A borrower can apply for up to five loans at one time, but this can only be done once during a 12-month period. Potentially, this could mean a borrower could take out three different loans and still be eligible for two more at any given time. Such a rule can be both appealing and hazardous for a borrower: the appeal of being able to apply for multiple cash advance loans at a given time to address financial problems, but also running the hazard of getting trapped in a debt cycle due to the multiple loans that have to be repaid. The state does allow four rollovers and for the borrower and lender to work out a repayment plan consisting of equal installments over a 90-day period. Potential borrowers should take care when considering the use of rollovers, as a lender might add on fees for using them.

Finally, lenders are prohibited from threatening a delinquent borrower with criminal action. That means a borrower cannot be threatened with criminal charges, have the wages garnished, or generally be harassed to repay the lender. A lender might seek a judgment against the borrower, at which point a repayment plan or wage garnishment could be enacted.

Lending Rules*

Lenders in the state of Delaware are legally required to comply by the following limitations according to Del. Code Ann. Tit. 5 2227 et seq.:

Maximum Loan Amount:
Maximum Length of Loan:
60 days
Maximum Finance Rate & Fees:
Not Specified
Finance Charge for 14-day $100 Loan:
No Limit
APR for 14-day $100 Loan:
No Limit
Max # Outstanding Loans at One Time:
Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted:
Four (rollovers)
Collection Fees:
One fee for nonpayment if the contract so provides, not to exceed 5% of the payment amount
Criminal Action:
*The information displayed may not be current. For the most recent information, please visit

Regulatory Information

If you have a complaint against a Delaware Cash Advance location you can contact your state regulator below:

Delaware Office of the State Bank Commissioner
555 E. Loockerman Street Suite 210 Dover DE 19901
(302) 739-4235
(302) 739-3609

Delaware Lenders

Below you can find Delaware payday loan lenders in the following cities:

Delaware Statistics**

The following information is key demographic data for the state of Delaware from the Census bureau.

Total Population:
Median Household Income:
Poverty Rate:
Median Gross Rent:
High School Graduate or Higher:
Bachelor's Degree or Higher:
**The information displayed may not be current. For the most recent information, please visit

Borrow Responsibly

The best way to use payday loans should be to address short-term financial emergencies that can be paid back in a short amount of time. Payday loans should never be used for long-term financial planning or anything other than an emergency situation; doing otherwise can put the borrower in a financial situation that can prove very difficult to escape. However, the very nature of emergency situations can make it difficult for a potential borrower to do the proper research and ask the right questions about a payday loan before agreeing to the terms. The potential borrower should be familiar with the state regulations, the allowable practices, and the terms offered by the individual lender, which can vary based on the company in question. is an independent comparison service provider. Reasonable efforts have been made to maintain accurate information throughout our website; however, all information is presented without warranty or guarantee. may receive compensation from our partners, including, but not limited to, clicking on links and lead generation.