Regulator Details

New Hampshire State Banking Department

64B Old Suncook Road
Concord, NH 03301
Phone: (603) 271-3561
Fax: (603) 271-0750
Contact: Mary Jurta, Director, Consumer Credit Division

New Hampshire Payday Loan Laws

New Hampshire Payday Loan Laws Details

The data provided here is for general informational purposes and should not be used as legal reference. If you have questions regarding New Hampshire payday loan laws contact the New Hampshire State Banking Department.

Payday loans are legal (low cost) in New Hampshire (see New Hampshire Payday Loans or New Hampshire Installment Loans to compare fees and requirements for individual lenders).

Feature Specification
Amount (max) $500
Rates or Fees (max) 36% annual interest
Term Limitations 7-30 days
General Loan Terms

In New Hampshire, no rollovers are permitted (cannot refinance, renew, extend but borrowers can renew to obtain additional cash if prior loan is paid in full from proceeds of new loan and marked as such). The cooling period between loans is 60 days. New Hampshire has no requirements for extended repayment plans.

For example, in New Hampshire the rates and fees on a 14 day, $100 loan are:

Terms Amount
Loan Amount $100
Fees $1.38
APR 36%
Sample Loan Terms

New Hampshire also defines regulations around collections. If available, the table below lists the fees lenders are permitted to charge if the loan is not repaid and/or whether a lender can threaten use of or use criminal action if a borrower is unable to repay a loan.

Feature Specification
Criminal Action Prohibited
Regulations on Collections
Finally, a more detailed excerpt from New Hampshire's statutes on finance charges is listed below. In general the tables above summarize this.

Payday loans shall incur interest only. No other charges or fees shall apply to or be collected on payday loans. Interest shall not accrue at a greater rate than six percent per year. The annual percentage rate on a payday loan shall be no more than 36 percent per year.

Citation: N.H. Rev. Stat. Ann. 399-A:1 et seq.