Hawaii Payday Loans

Hawaii Rev. Stat. Ann. 480F-1 et seq.
Status: Legal (Applies to check cashers only)

Payday loans are legal in the state of Hawaii, pursuant to Hawaii Rev. Stat. Ann. 480F-1 et seq. The number of companies offering payday loans in Hawaii currently stands at 65.

Payday Loan Lending Laws in Hawaii

Payday loans in Hawaii can be issued for a maximum amount of $600 to be repaid between a minimum of 14 days and a maximum of 32 days. The maximum APR on a $100 loan issued for 14 days currently rests at 459%. Financial charges cannot exceed a total of $17.65 on $100 loan issued for a 14-day period, and lenders can charge a maximum of 15% of the face value of the check as finance rate and fees and a $20 nonsufficient funds fee for bounced repayment checks from the borrower.

The primary features of a Hawaii payday loan include the lack of rollovers and renewals on delinquent loans. This can be seen as both an advantage and a disadvantage for a borrower. As an advantage, it puts an almost concrete setting on the repayment timeline in that it forces a borrower to plan ahead for the repayment. That timeline can also be a disadvantage to a delinquent borrower, as it means the repayment time period cannot be renegotiated. It also means the lenders can charge a delinquent borrower late fees and certain other financial charges, but they cannot renew the loan for another month. However, the borrower will not have to pay additional interest on the APR.

Additionally, a borrower can only take out one loan at a time, which can help keep a borrower out of a debt cycle of constantly taking out new loans to pay off the old ones. Interestingly, Hawaii payday loan laws do not specify whether a lender must provide any kind of repayment plan to help a delinquent borrower. This means that, depending on the lender, a borrower might be able to use that option. Generally speaking, a lender should be open to any plan that will get their money repaid as quickly as possible, so a borrower should keep this in mind when considering a payday loan. All a lender can do is say no.

Regarding repayment, a borrower should also know a lender cannot threaten them with criminal charges should the cash advance loan become delinquent. This means that, unless a borrower engages in criminal activity while doing business with the lender, the lender cannot garnish wages, threaten jail time, or harass the borrower until the debt is repaid. However, the lender can seek a civil decision against the borrower that would require a repayment plan and subsequently damage the borrower´┐Żs credit rating.

Lending Rules*

Lenders in the state of Hawaii are legally required to comply by the following limitations according to Hawaii Rev. Stat. Ann. 480F-1 et seq.:

Maximum Loan Amount:
Maximum Length of Loan:
32 days
Maximum Finance Rate & Fees:
15% of check
Finance Charge for 14-day $100 Loan:
APR for 14-day $100 Loan:
Max # Outstanding Loans at One Time:
Rollovers Permitted:
None (cannot refinance or consolidate)
Collection Fees:
$20 NSF fee; Check Casher that accepts check passed on insufficient funds not entitled to recover damages
Criminal Action:
Prohibited (Unless check returned due to closed account or stop-payment by maker)
*The information displayed may not be current. For the most recent information, please visit http://www.paydayloaninfo.org/state-information/19.

Regulatory Information

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

Hawaii Department of Commerce and Consumer Affairs
(Main Building) United States Post Office Custom House and Court House, 335 Merchant Street, Honolulu, Hawaii 96813
(808) 587-3222

Hawaii Lenders

Below are Hawaii payday loan lenders in the following cities:

Hawaii Statistics**

The following information is key demographic data for the state of Hawaii 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 http://www.census.gov/quickfacts.

Borrow Responsibly

Payday loans are designed to address short-term emergency financial needs, not for long-term financial planning or for irresponsible use. A borrower must remember at all times the loan amount must be repaid, and proper financial planning must be employed to make sure the borrower does not fall into a  debt cycle. A borrower can do this by understanding everything they can about the short term loan prior to accepting the terms and having a repayment plan ready.

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