Payday Loans in Maryland
- Apply online anytime
- Quick and easy process
- Same-day cash available
- Instant approval decision
- No impact on credit score
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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1F Cash Advance is the ideal solution for urgent financial needs. To receive up to $1,000 on the same day, simply complete a quick application form at 1F Cash Advance. No credit check required. It’s easy, with no extra steps.
Payday Loan Laws in Maryland
Maryland has strict laws governing payday loans. The amount cannot exceed $1,000, and the annual percentage rate is capped at 33% (2.75% per month). This means that payday loans in their traditional form are not available in the state. These restrictions protect consumers from over-commitment and provide a safer environment for borrowers.
1F Cash Advance Offers Installment Loans
An installment loan can be a good solution if you need money now but can’t pay back the entire amount at once. At 1F Cash Advance, you’ll get up to $5,000 with a convenient payment schedule – up to 24 months. We don’t have strict requirements for your credit history as we consider your current income and financial situation. This approach allows us to meet the needs of more people who want to get help here and now.
How to Apply For a Loan Online
Working with 1F Cash Advance is easy and convenient!
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Fill out the application online. It will only take a few minutes. Simply fill out our form, available on the site 24/7.
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Get approved. We will quickly verify your information, and a response will be sent within a short while.
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Receive money. If the application is approved, the money will be in your account on the same day*.
*Not all customers are eligible for same-day deposits. If the application is submitted after 10:30 AM Central Time or on weekends, the loan will be funded on the next business day.
Who Can Qualify?
To borrow money, you will need:
- Government-issued identification
- Social Security number
- Checking account information
- Recent pay stub or other proof of income
- Proof of your Maryland address
- A current phone number and email address
Rates and Terms
In Maryland, interest rates on small loans are strictly regulated. For a $1,000 loan, lenders can charge up to 2.75% per month. That means the highest fee allowed for a one-month loan of $1,000 is $27.50.
Lenders in Maryland must also follow other limits:
- If you miss a payment, they can charge a $35 NSF fee.
- If your loan goes to collections, legal fees can be added – up to 15% of what you still owe.
These laws protect borrowers from extremely high interest rates often associated with payday loans.
Other Emergency Loans Available in Maryland
If you need quick financial help, emergency loans are not your only option. Here are some alternatives available in Maryland:
- Credit unions offer loans of up to $1,000 with an interest rate capped at 28%. The repayment is usually made in 1 to 12 months. Bad credit members can qualify.
- Tribal loans are regulated by tribal laws, not state laws. They do not require a credit check, but often have high rates and short terms.
- Personal loans have fixed rates and affordable monthly payments. The amount is from $1,000 to $10,000 or more, depending on your income and credit history.
- Cash advance apps give up to $500 until payday without a credit check, often on an interest-free basis. Repayment is automatic with the next payment.
Visit 1F Cash Advance in Maryland
Need fast cash in Maryland? Walk in today or give us a call — we’re here to make borrowing simple and stress-free.
Branch name: 1F Cash Advance Annapolis
Address: 509C Skippers Ln, Annapolis, MD 21401
Phone: (410) 873-9468
Email: [email protected]
Branch Manager: Hope Males
Hours:
Monday – Friday: 8:00 am to 10:00 pm
Saturday: 9:00 am to 6:00 pm
Sunday: Closed
The store at 509e Skippers Ln, Annapolis, MD 21401 is permanently closed.
Looking for another location? Click below to find a 1F Cash Advance store near you.
Find a StoreWhy Choose Us
If you live in Maryland and need money right now, 1F Cash Advance is ready to help.
Minimum requirements
No need to provide collateral or look for guarantors. All you need is a stable income and Internet access.
Money when you really need it
Urgent loans are a way to get help today, not in a week. Just apply to our same day loans in Maryland and get the funds in a day.
Reliable protection 24/7
We use encryption to ensure your personal information stays secure and out of the wrong hands. Your safety is our top priority.
Customer Reviews
exceptional service
had a really good time at 1f cash Advance explained everything to me in a way I understood also gave me some awesome tips on managing loans that I never wouldve thought of myself and just exceptional service!
expected getting a loan to be tiring
expected getting a loan to be tiring, but Dove made it smooth and stress-less and their chill attitude and expertise made a difference she even shared practical ideas on budgeting and staying on top of payments.
Taking this loan out went way smoother…
Taking this loan out went way smoother than I thought managers weren’t just professional but also pretty friendly, which made the whole thing less nerve-wracking their advice on handling the payments and keeping my credit solid was useful too. Its cool to see a finance place act like real people for a change!
recommend
if your looking to get a loan, I’d recommend going to check this place out for sure. The folks there are friendlier than your cousin Jed, and they’ll give you real solid advice on budgeting and dealing with debt that makes sense. They turned what couldve been a real stressful thing into a nice casual chat between friends
I’m very happy.
Their customer service really stood out. I had a question about repayment terms, and they explained everything in detail without making me feel pressured. I’m very happy with my experience.
Consumer Information
Payday loans are designed for short-term financial needs and should only be used in emergency situations. These loans are not suitable for long-term financial planning or recurring expenses.
No approval is guaranteed. Your application will be assessed based on your financial and application details.
Before applying, borrowers should ensure that they fully understand the terms of the loan, including interest rates, fees, and repayment schedules. Failure to repay the loan on time may result in additional fees and interest, leading to a cycle of debt.
FAQ
What makes people choose a payday loan?
People choose payday loans because they are approved quickly and allow them to get quick cash for unexpected expenses. Many borrowers with bad credit also turn to payday loans when they can't qualify for traditional loans.
Will my loan come directly from the lender?
Yes. Once your application is reviewed, you’ll receive a loan offer directly from a licensed lender.
Can I get approved with bad credit?
At 1F Cash Advance, we offer bad credit loans to Maryland residents who can demonstrate their ability to repay the funds.
What's the maximum amount I can borrow?
At 1F Cash Advance, the payday loan amount cannot exceed $1,000 in Maryland. However, if you need more money, you can consider installment loans that offer up to $5,000.
How quickly will I get the money?
You can get the money on the same day if you apply early in the morning. However, the exact timing depends on your bank's operations. Borrowers typically receive funds within 24 hours.
How can I contact Customer Support?
You can call our representatives at (410) 873-9468, email us at [email protected], or send a message through the feedback form on the website.
Where can I file a complaint?
If you want to report an illegal lender in the state or believe you have been a victim of predatory lending, you should contact the Maryland Commissioner of Financial Regulation.