Payday Loan Alternatives in Hawaii
- Same-day cash deposit
- Loans for all credit scores
- Quick approvals
- Affordable monthly payments
- No hard credit check
- Money from a licensed lender
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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Living in Hawaii isn’t cheap. When a car breaks down or an unexpected medical bill appears, getting fast cash can be difficult, especially with bad credit. In such situations, 1F Cash Advance offers a legal and convenient way to borrow money without turning to high-cost short-term loans. We provide safe and affordable payday loan alternatives in Hawaii. Our small-dollar installment loans are available online within minutes and offer more time to repay the funds.
Can You Get a Payday Loan in Hawaii?
No. Payday loans were legal in Hawaii prior to 2022, but they carried high interest rates and posed significant risks of trapping borrowers in debt.
Any payday loan contract signed after January 1, 2022, is illegal under Act 56. The law banned deferred-deposit payday loans, capped the total cost of small-dollar loans at 36% APR, and transferred regulatory authority to the Hawaii Division of Financial Institutions under CCA Hawaii.
Small-dollar installment loans are now the only legal option for short-term borrowing in Hawaii. Any lender offering payday loans in Hawaii online without a state license should be avoided.
Small-Dollar Installment Loan Rates & Terms
Installment loans let you borrow a set amount and pay it back over time in fixed monthly payments. They offer a clear payoff plan, unlike payday loans, which are due in one lump sum.
Act 56 allows installment loans up to $1,500. The maximum repayment period is 12 months, and an APR is capped at 36%. Rollovers are banned, and lenders must clearly disclose the full cost before you sign.
Here is an illustrative representation of installment loan payments with an APR of 36%:
| Loan Amount | Loan Term | Total Interest | Monthly Payment | Total Repayment |
|---|---|---|---|---|
| $300 | 2 months | $13.57 | $156.78 | $313.57 |
| $700 | 4 months | $53.28 | $188.32 | $753.28 |
| $1,000 | 8 months | $139.65 | $142.46 | $1,139.65 |
| $1,500 | 12 months | $308.32 | $150.69 | $1,808.32 |
How Do Installment Loans Work in Hawaii?
Getting a loan with 1F Cash Advance in Hawaii is quick and easy. Just follow these three steps:
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Submit one online application. The form is available 24/7 on our website and takes only about five minutes to complete.
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Review the offer. Once you submit the form, you'll get an almost instant approval decision since no credit check is required.
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Receive funds. If approved, the funds can be transferred to your bank account on the same day.*
*If you sign before 10:30 am on a business day, the loan may reach your account the same day. Applications completed later or on weekends are typically funded the next business day.
Who Can Qualify?
Here’s what we ask for to approve you for an installment loan in Hawaii:
- Age 18+
- Hawaii residency
- Proof of monthly income
- Active checking account details
- Government-issued ID
- Social Security number
- Valid email and phone number
Pre-approval doesn’t require a hard credit check, so loans are still available for Hawaii borrowers with bad credit. We focus on your income, not your credit score.
Find 1F Cash Advance in Hawaii
If you need assistance or run into any issues, we’re available in Honolulu to help you in person.
Looking for a location outside Hawaii? Find a store near you.
Alternatives to Installment Loans
Here are some legal alternatives to installment loans in Hawaii for safe borrowing:
- Credit-union personal loan. Federal credit unions often offer larger sums with member rates below the 36% cap.
- Family or friend advances. Private deals prevent you from fees and allow you to negotiate flexible terms.
- Bank personal loans. Good for financing major life projects and big purchases when you need longer payoff times.
- Cash advance apps. Some apps allow you to borrow up to $500 at 0% APR; subscription or instant-transfer fees will likely apply.
- Employer paycheck advance. Some employers let workers ask for a portion of the already earned wage early for free.
Why Choose 1F Cash Advance
1F Cash Advance provides easy access to fast cash solutions when you need it most. Our clear terms, quick deposits, and professional support when you need it contribute to your exceptional borrowing experience. Here’s what we offer.
No hidden fees
All costs are upfront and easy to understand.
Secure process
Your data stays protected with 256-bit encryption.
Bad credit welcome
Approval is based on income, not credit score.
FAQ
Are payday loans legal in Hawaii?
No. Due to financial regulations under Act 56, they were banned in 2022. Small, legal installment lending solutions replaced them.
What is the maximum APR allowed?
Small-dollar loans in Hawaii come with an APR cap of 36%, including interest and all fees.
Can I apply online?
Yes, you can borrow money legally online with 1F Cash Advance. Our application form is available 24/7 on the website.
Is bad credit accepted?
Yes. Approvals are made based on your income, employment status, debts, and payment history. We only perform soft credit checks to estimate your financial situation.
How fast can I get my money?
Sign before 10:30 am on a banking day and funds may arrive the same day. Later or weekend approvals will be funded the next business day.