Payday Loans in Rhode Island
- Borrow up to $450 Today
- Instant approval decision
- No hard credit check
- Paperless online process
- Loans from a licensed RI 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.
Fact-Checked
Each our article is reviewed by leading industry experts and updated regularly. We ensure accuracy and currency through daily audits and automated updates. Learn more about our editorial standards.
People in Rhode Island often face unexpected costs that cannot wait, whether it’s a high utility bill, a broken car, or a medical emergency. For these situations, 1F Cash Advance offers quick payday loans designed to meet short-term needs.
Submit a simple form, receive an instant approval decision, and get money in minutes, even with bad credit. Visit our Providence store or complete the process online with no credit or paper check.
How Payday Loans Work
At 1F Cash Advance, you can get a loan in three easy steps:
-
Apply online. The application takes only five minutes and works on any device.
-
Get an approval decision. Most borrowers receive a decision within minutes.
-
Receive your funds. If approved, cash may be available the same day* either in-store or via ACH transfer.
*Funding times vary. Same-day deposit requires final approval before 10:30 am ET Monday–Friday.
Requirements and Eligibility
Qualifying for a payday loan with 1F Cash Advance is easy. You’ll need to meet these simple criteria:
- Age 18+
- Rhode Island residency
- Valid government-issued photo ID
- Proof of income
- Active checking account and routing numbers
- Valid email and phone number
- Social Security number
Rhode Island Rules and Regulations
Rhode Island governs deferred-deposit loans under General Laws § 19-14.4. According to the statute, such loans must meet the following criteria:
- Loan amounts: Caps each loan at $450.
- Loan term: Sets a 13-day minimum term.
- Interest rates: APR can reach up to 280.77%. Lenders can’t charge more than 10% of the loan amount in finance fees.
- Simultaneous loans: Allows one loan at a time statewide.
- Regulatory requirements: Every lender is required to hold a license from the Department of Business Regulation (DBR).
1F Cash Advance offers loans in accordance with Rhode Island law. Approval, APR, and funding speed depend on your income, credit profile, and bank processing times.
Here’s an illustrative representation of fees for the 14-day payday loan:
| Loan Amount | Finance Charge | Total Repayment | APR |
|---|---|---|---|
| $100 | $10 | $110 | 260.71% |
| $200 | $20 | $220 | 260.71% |
| $300 | $30 | $330 | 260.71% |
| $400 | $40 | $440 | 260.71% |
| $450 | $45 | $495 | 260.71% |
Find 1F Cash Advance in Rhode Island
If you prefer face-to-face help, visit our Providence location:
We also offer in-store assistance to residents of Cranston, Warwick, Pawtucket, East Providence, Woonsocket, and other RI cities. Want to skip commuting? Apply online 24/7 from the comfort of your home.
Looking for a payday loan in another state? Find a store near you.
Alternatives to Payday Loans
In some cases, a different solution may fit better. Consider other loan types available in Rhode Island before you decide on a payday loan.
- Installment loans. 1F Cash Advance allows you to get up to $5,000 with the repayment in equal monthly installments over up to 24 months. Ideal for high-cost emergencies, big purchases, and ongoing needs.
- Title loans. You can get fast cash secured by your clear car title and keep driving the vehicle while repaying the loan. Just be aware of the risk of losing the automobile if you miss payments.
- Pawn shop. These loans provide small sums against your valuable assets, such as jewelry or electronics. The broker physically retains your pledged item, and you can reclaim it when you repay the borrowed sum plus the broker’s fee.
- Personal loans. Banks and online lenders offer personal loans in Rhode Island of up to $50,000 for a period of 12 to 60 months. A credit check is required, and you may have to meet a certain credit score requirement to qualify.
- Credit union loans. Payday alternative loans offered by credit unions have APR caps of 28 % for members. No good credit is needed. Members can borrow up to $2,000 and repay in fixed installments over 1 to 12 months.
- Cash-advance apps. Cash advance apps allow you to borrow $50–$500 with 0% APR against your future paycheck. However, subscription or express fees may apply. You typically need to be officially employed to qualify.
- Family or friend loans. These loans allow you to avoid paying interest and get more repayment flexibility. Just make a clear agreement and stick to the terms.
Why Choose 1F Cash Advance
Quick access to money is important, but security and clarity matter more. Here’s how we deliver both:
Online Loan Process
You can access the application form 24/7 and complete it in minutes. 256-bit encryption protects your personal and financial data throughout the process.
Customer Support 24/7
You can contact our professional team online or over the phone anytime you need it. We’re always here to answer your questions and help you with your loan application.
Transparent Terms
We provide the full information disclosure and clearly outline the costs and terms. There are no hidden fees or other surprises.
FAQ
Are payday loans legal in Rhode Island?
Yes, payday loans up to $450 can be legally obtained in the state if issued by a licensed small loan lender.
Can I get a payday loan online?
1F Cash Advance offers legal and safe online loans you can obtain across the state. Complete our easy form, e-sign if approved, and get a direct deposit into your bank account in a day.
How fast will I receive the money?
Approvals before 10:30 am ET on a banking day are usually funded on the same day. Later requests are processed on the next business day.
What if I miss my repayment date?
Missed payments may involve an NSF fee of up to $25. To avoid financial consequences, reach out to your lender before the due date to set up a flexible payment plan or start a rollover.
Will applying for a loan affect my credit score?
The application process doesn't require any hard credit history checks, meaning that your credit score won’t be affected. Borrowers with good, poor, or no credit can qualify.