Loan Rates and Fees in North Dakota

A licensed lender can charge up to 20% of the amount borrowed - labeled "finance charge" on your agreement - on loans up to $500 in proceeds, with a maximum total outstanding obligation (across all payday lenders) of $600 tracked through a statewide database.

On a $300 loan due in 14 days, the maximum fee is $60, making your total repayment $360. Your agreement will show roughly 521% APR - that's the 14-day fee scaled to a full year, required by federal disclosure rules.

• Rollovers are allowed once on the same loan, but any amount paid beyond the fee applies toward your balance; after 60 days the loan must be paid off in full.
• The returned payment fee is governed by state dishonored-check rules - verify the cap with the North Dakota Department of Financial Institutions.
• A database fee equal to the lender's actual registration cost may be passed on to you - no other separate fees are authorized.

If an offer exceeds these limits, verify with the North Dakota Department of Financial Institutions.

North Dakota does not publish a single statutory interest rate cap for consumer installment loans made under a money broker license - the maximum rate is set by agreement, not a fixed ceiling. Ask the lender to state the annual percentage rate in writing before you sign, and confirm it with the North Dakota Department of Financial Institutions if anything is unclear.

Origination and upfront fees are not separately capped by a specific dollar or percentage limit under the money broker statute - any fees must be disclosed in your agreement, so ask the lender to itemize every upfront charge separately from interest.

Because no statutory rate ceiling is codified for this license type, a worked example with a specific rate cannot be verified against state law.

• Refinancing restarts interest and fees on the new amount - compare your remaining balance to the new loan's total of payments before you agree.
• Returned payment fees passed through from a third party are treated as collection costs under the money broker statute - verify the cap with the North Dakota Department of Financial Institutions.
• Late fees are capped at $20 per the money broker statute.
• You can pay early with no penalty - interest stops accruing on the date you pay off the balance. See the installment loans page for repayment details.

If an offer doesn't match what was disclosed, verify with the North Dakota Department of Financial Institutions.

• Returned payment fee: verify the applicable cap with the North Dakota Department of Financial Institutions.
• Total of payments: the single most important number - add the principal, all interest, and every fee to confirm what you'll actually repay over the full term.