Loan Rates and Fees in New Hampshire

A licensed lender can charge up to 36% APR on payday loans - no separate per-$100 fee structure applies, and no other charges or fees are authorized beyond interest. Maximum loan amount is $500, with terms of 7 to 30 days.

On a $300 loan due in 14 days at 36% annual interest, the maximum interest charge is approximately $4.14, making your total repayment $304.14. Because the term is very short, that same 36% annual rate works out to roughly 36% APR on your agreement - required by federal disclosure rules.

• Rollovers are prohibited - a lender cannot extend or renew a payday loan for an additional fee.
• No returned payment fee is authorized - the statute allows interest only, with no other charges or fees on payday loans.
• No separate database or verification fee is authorized - question any line item beyond interest on your offer.

If an offer exceeds these limits, verify with the New Hampshire Banking Department.

Licensed small loan lenders can charge up to 36% APR on the unpaid balance - a declining-balance model, meaning you pay interest only on what you still owe. This cap applies to loans up to $10,000.

One application fee not exceeding $100 per borrower per year and one participation or membership fee not exceeding $100 per borrower per year may be excluded from the APR calculation - but both are still costs you pay, so confirm any upfront fee amount before you sign.

On a $1,000 loan at 36% annual interest for 12 months with equal monthly payments, you'd repay approximately $1,206 total - roughly $206 in interest plus $1,000 in principal.

• Refinancing requires a new contract drawn in full, with the prior loan paid off from the new proceeds - interest restarts on the new balance, so compare remaining balance to the new loan's total of payments before you agree.
• No state cap on returned payment fees is specified in the statute - ask the lender for the exact amount before you sign.
• No state cap on late fees is specified in the statute - ask the lender for the exact amount and grace period before you sign.
• You can prepay in full at any time using the actuarial (declining-balance) method, and interest stops accruing on the date you pay - see the installment loans page for repayment details.

If an offer exceeds these limits, verify with the New Hampshire Banking Department.

• Total of payments: the single most important number - add up every scheduled payment to see what you'll actually repay over the full term.
• Military households: if you or your spouse are active-duty, the all-in cost can't exceed 36% MAPR under federal law - compare to the APR on your offer.