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 Lexington, Kentucky
Kentucky payday loan rules that apply in Lexington
- Max loan amount
- $500
- Min loan term
- 14 days
- Max loan term
- 60 days
- Finance charge cap
- $15 per $100 advanced
- Max absolute fee
- $75
- Typical APR
- ~391%
- Rollovers (extensions)
- Prohibited
- Simultaneous loans
- 2 active loans
- Right to rescind
- Next business day
- Governing law
- Kentucky Deferred Deposit Transactions Act
- Regulator
- KY Dept of Fin. Inst.
Lexington at a glance
| Metric | Lexington | Kentucky | United States |
|---|---|---|---|
| Population | 321,882 | 4.5M | 332.3M |
| Median household income | $71,202 | $65,382 | $85,275 |
| Median rent | $1,134/mo | $943/mo | $1,432/mo |
| Income spent on rent | 29.8% | 29.3% | 31.6% |
| Homeownership | 54.3% | 68.6% | 65.4% |
| Poverty rate | 15.9% | 16.2% | 12.6% |
| Unemployment rate | 5.0% | 5.0% | 5.3% |
| Without health insurance | 6.9% | 5.9% | 8.6% |
| Veterans | 5.5% | 6.8% | 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 Lexington
Move the sliders to see what a payday loan would cost under Kentucky rules and how it compares with local incomes.
Kentucky maximum: $500
Kentucky maximum: $15
Rollovers are not allowed in Kentucky.
- Fee
- $75
- Total to repay
- $575
- APR
- 391%
- Share of a two-week household paycheck in Lexington
- 2.7%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Lexington
- Fee on a $500 loan
- $75
- Share of a two-week household paycheck
- 2.7%
- Hours of work at the local median wage
- 3.9 hours
- Rollovers
- Not allowed in Kentucky
Example based on the Kentucky 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.
Lexington in context
- Population rank in Kentucky
- 2nd
- of 10 Kentucky cities with 50,000+ residents
- Median household income rank
- 3rd
- of 10 Kentucky cities with 50,000+ residents
- Households earning under $25,000
- 16.8%
- ▼ 3.0 pts vs KY
- Median home value
- $279,798
- ▲ 39% vs KY
- Home value to income
- 3.9×
- A $400 emergency expense
- 2.1 days
- of median household income
Payday loan stores in Lexington, KY
Licensed storefront lenders in Lexington with addresses, phone numbers and hours. We do not rank or recommend any lender; confirm each company's license with the KY Dept of Fin. Inst. before you borrow.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1301 Winchester Rd., Suite 77 Lexington, KY 40505 | (859) 255-6378 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 1:00 PM Sun closed |
— |
| 352 Southland Drive Lexington, KY 40503 | (859) 277-2264 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 1:00 PM Sun closed |
— |
| 1555 E New Circle Rd #166 Lexington, KY 40509 | (859) 266-4048 | — | 4.9 |
| 1801 Alexandria Dr Ste 188 Lexington, KY 40504 | (859) 277-9828 | — | 5.0 |
| 126 Towne Center Dr Lexington, KY 40511 | (859) 246-1453 | — | 3.9 |
| 2358 Nicholasville Rd #150 Lexington, KY 40503 | (859) 260-8830 | — | 4.1 |
| 3101 Richmond Rd #304 Lexington, KY 40509 | (859) 268-3028 | — | 4.9 |
| 152 W Tiverton Way Suite 110 Lexington, KY 40503 | (859) 335-0187 | — | 3.9 |
| 1260 Winchester Rd Lexington, KY 40505 | (859) 266-8585 | — | 4.7 |
Fast & secure payday loans in Lexington, Kentucky
Unexpected expenses can happen anytime. If you need urgent cash in Lexington, 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 Lexington 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 Kentucky Deferred Deposit Transactions Act.
- Safe & confidential Your personal and financial details are sent over an encrypted connection.
Notice for Lexington 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 Kentucky law (Kentucky Deferred Deposit Transactions Act). Always review the contract terms carefully before signing.
Lexington payday loan FAQ
How much cash can I borrow in Lexington?
Loan amounts in Lexington are typically from $100 up to $500, in line with Kentucky 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 Lexington 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 Lexington 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 Lexington?
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 Lexington residents?
To qualify, you must:
- Be at least 18 years old.
- Live in Lexington or the surrounding Kentucky area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).