Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Payday loans in Phenix City, Alabama
Alabama payday loan rules that apply in Phenix City
- Max loan amount
- $500
- Min loan term
- 10 days
- Max loan term
- 31 days
- Finance charge cap
- 17.5% of advanced amount
- Max absolute fee
- $87.50
- Typical APR
- ~456%
- Rollovers (extensions)
- 1 rollover allowed
- Simultaneous loans
- No limit (Max $500 total)
- Right to rescind
- Next business day
- Governing law
- Alabama Deferred Presentment Services Act
- Regulator
- AL State Banking Dept
Phenix City at a glance
| Metric | Phenix City | Alabama | United States |
|---|---|---|---|
| Population | 63,100 | 5.1M | 332.3M |
| Median household income | $55,119 | $65,640 | $85,275 |
| Median rent | $943/mo | $985/mo | $1,432/mo |
| Income spent on rent | 36.3% | 31.0% | 31.6% |
| Homeownership | 61.3% | 70.4% | 65.4% |
| Poverty rate | 20.8% | 15.8% | 12.6% |
| Unemployment rate | 5.1% | 5.0% | 5.3% |
| Without health insurance | 12.1% | 9.4% | 8.6% |
| Veterans | 11.8% | 8.0% | 6.5% |
Source: U.S. Census Bureau, American Community Survey, by ZIP code. City and state figures are population-weighted averages of ZIP code data and are approximate.
Payday loan cost calculator for Phenix City
Move the sliders to see what a payday loan would cost under Alabama rules and how it compares with local incomes.
Alabama maximum: $500
Alabama maximum: $17.50
- Fee
- $87.50
- Total to repay
- $587.50
- APR
- 456%
- Total fees with rollovers
- $87.50
- Share of a two-week household paycheck in Phenix City
- 4.1%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Phenix City
- Fee on a $500 loan
- $87.50
- Share of a two-week household paycheck
- 4.1%
- Hours of work at the local median wage
- 5.7 hours
- Total fees if rolled over 1×
- $175
Example based on the Alabama maximum fee for the maximum loan and local median incomes: two-week paycheck = household income ÷ 26, hourly wage = individual income ÷ 2,080. Actual terms vary by lender.
Phenix City in context
- Population rank in Alabama
- 13th
- of 15 Alabama cities with 50,000+ residents
- Median household income rank
- 13th
- of 15 Alabama cities with 50,000+ residents
- Households earning under $25,000
- 24.9%
- ▲ 4.5 pts vs AL
- Median home value
- $160,898
- ▼ 20% vs AL
- Home value to income
- 2.9×
- A $400 emergency expense
- 2.6 days
- of median household income
Payday loan stores in Phenix City, AL
Licensed storefront lenders in Phenix City with addresses, phone numbers and hours. We do not rank or recommend any lender; confirm each company's license with the AL State Banking Dept before you borrow.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1155 US-280 Phenix City, AL 36867 | (334) 297-0606 | — | 5.0 |
| 1709 Crawford Rd Phenix City, AL 36867 | (334) 732-0500 | — | 5.0 |
| 1105 East 280 Bypass Phenix City, AL 36867 | (334) 297-0228 | Mon–Fri 8:30 AM – 5:30 PM Sat–Sun closed |
— |
| 3753 US-431 Ste F Phenix City, AL 36867 | (334) 480-9060 | — | 5.0 |
| 1118 E 280 Byp Suite D Phenix City, AL 36867 | (334) 297-3453 | — | 4.8 |
| 2034 E 280 Byp Phenix City, AL 36867 | (334) 291-3077 | — | 4.1 |
| 3304 US-80 Ste A Phenix City, AL 36870 | (334) 297-5193 | — | 4.8 |
Fast & secure payday loans in Phenix City, Alabama
Unexpected expenses can happen anytime. If you need urgent cash in Phenix City, our service connects you with trusted, state-licensed lenders.
Apply online from the comfort of your home, get a fast decision and, if approved, receive funds in your bank account as soon as the next business day.
Why Phenix City residents use us
- Fast 5-minute request A simple online application, with no waiting in line at a storefront.
- Bad credit considered Lenders focus on your steady income, not just your credit history.
- Borrow up to $500 Loan terms must comply with the Alabama Deferred Presentment Services Act.
- Safe & confidential Your personal and financial details are sent over an encrypted connection.
Notice for Phenix City residents: Payday loans are designed for short-term emergency needs and should not be used as a long-term debt solution. Interest rates, fees and maximum loan amounts are governed by Alabama law (Alabama Deferred Presentment Services Act). Always review the contract terms carefully before signing.
Phenix City payday loan FAQ
How much cash can I borrow in Phenix City?
Loan amounts in Phenix City are typically from $100 up to $500, in line with Alabama lending law. Your exact approved amount depends on your verifiable income, existing debt and the lender’s evaluation.
Do I need to visit a storefront in Phenix City to apply?
No. The whole process is handled securely online, so you don’t need to wait in line at a local check-cashing store or branch. If approved, your funds are deposited directly into your bank account by ACH transfer.
Can I qualify for a payday loan in Phenix City with poor credit?
Possibly. A traditional FICO score is not the only factor. Lenders in our network mainly look at whether you have a steady, recurring income and an active checking account to handle repayment. Approval is not guaranteed.
How quickly will I receive my funds in Phenix City?
Many applicants get a decision within minutes. Once you review and e-sign your agreement, lenders typically release the cash the same day or the next business day, depending on your bank’s transfer cutoff times.
What are the minimum requirements for Phenix City residents?
To qualify, you must:
- Be at least 19 years old.
- Live in Phenix City or the surrounding Alabama area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).