New Hampshire Payday Loan Laws, Explained
Last updated: July 20, 2026
Key takeaway
Key takeaway: New Hampshire has kept a firm 36% rate ceiling on payday loans for well over a decade, one of the longer-standing state caps in the country.
The 36% APR Cap
New Hampshire caps APRs at 36% for payday loans, a limit that's been in place since 2009 under the state's Small Loan Statute. Loan amounts are capped at $500, with terms running a minimum of 7 days and a maximum of 30 days.
No Rollovers, and a Real Cooling-Off Period
Rollovers are prohibited outright, and licensed lenders can't extend a new payday loan to a borrower who already has one outstanding, or who had one outstanding within the previous 60 days. That 60-day lockout is a meaningfully longer break than most states require.
Borrower Protections
Borrowers have the right to return loan proceeds within one business day without incurring any finance charge. If a loan becomes at least 10 days past due, a 5% delinquency charge applies to the unpaid balance, and lenders must be licensed as small loan lenders by the state Banking Department and provide clear written disclosure of all rates and fees.
| Factor | New Hampshire Rule |
|---|---|
| Rate cap | 36% APR (since 2009) |
| Loan amount | Up to $500 |
| Loan term | 7–30 days |
| Lockout after outstanding loan | 60 days |
Because New Hampshire's 36% cap has held steady for well over a decade, comparing licensed lenders operating within that ceiling is a reliable way to shop here.
Sources: NCSL — Payday Lending State Statutes · CFPB — Payday Loans
New Hampshire Payday Loan FAQ
Are payday loans legal in New Hampshire?
High-cost payday loans are effectively gone. New Hampshire has held a 36% APR cap since 2009.
What is the payday loan rate cap in New Hampshire?
36% APR, on loans up to $500 for terms of 7 to 30 days.
Is there a lockout period in New Hampshire?
Yes. There is a 60-day lockout after an outstanding loan.
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