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 Madison, Wisconsin
Wisconsin payday loan rules that apply in Madison
- Max loan amount
- No state limit
- Min loan term
- N/A
- Max loan term
- 90 days
- Finance charge cap
- No strict state limit
- Max absolute fee
- N/A
- Typical APR
- ~574%+
- Rollovers (extensions)
- 1 allowed
- Simultaneous loans
- N/A
- Right to rescind
- Next business day
- Governing law
- Wisconsin Payday Loan Law
- Regulator
- WI Dept of Fin. Inst.
Madison at a glance
| Metric | Madison | Wisconsin | United States |
|---|---|---|---|
| Population | 308,771 | 5.9M | 332.3M |
| Median household income | $76,348 | $78,208 | $85,275 |
| Median rent | $1,347/mo | $1,044/mo | $1,432/mo |
| Income spent on rent | 37.4% | 26.5% | 31.6% |
| Homeownership | 46.6% | 68.1% | 65.4% |
| Poverty rate | 16.9% | 10.8% | 12.6% |
| Unemployment rate | 2.8% | 3.4% | 5.3% |
| Without health insurance | 4.7% | 5.3% | 8.6% |
| Veterans | 3.9% | 6.4% | 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 Madison
Move the sliders to see what a payday loan would cost under Wisconsin rules and how it compares with local incomes.
Example range up to $1,000
Wisconsin sets no fixed fee; $15 is typical
- Fee
- $75
- Total to repay
- $575
- APR
- 391%
- Total fees with rollovers
- $75
- Share of a two-week household paycheck in Madison
- 2.6%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Madison
- Fee on a $500 loan
- $75
- Share of a two-week household paycheck
- 2.6%
- Hours of work at the local median wage
- 3.5 hours
- Total fees if rolled over 1×
- $150
Wisconsin sets no fixed fee in dollars, so this example uses a typical fee of $15 per $100 on a $500 loan and local median incomes: two-week paycheck = household income ÷ 26, hourly wage = individual income ÷ 2,080. Actual terms vary by lender.
Madison in context
- Population rank in Wisconsin
- 2nd
- of 14 Wisconsin cities with 50,000+ residents
- Median household income rank
- 3rd
- of 14 Wisconsin cities with 50,000+ residents
- Households earning under $25,000
- 16.1%
- ▲ 2.6 pts vs WI
- Median home value
- $367,475
- ▲ 45% vs WI
- Home value to income
- 4.8×
- A $400 emergency expense
- 1.9 days
- of median household income
Payday loan stores in Madison, WI
Licensed storefront lenders in Madison with addresses, phone numbers and hours. We do not rank or recommend any lender; confirm each company's license with the WI Dept of Fin. Inst. before you borrow.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 2103 Zeier Rd Madison, WI 53704 | (608) 249-2613 | — | 5.0 |
| 512 Grand Canyon Dr Madison, WI 53719 | (608) 807-2260 | — | 4.9 |
| 4261 Lien Rd Ste S Madison, WI 53704 | (608) 249-7611 | — | 4.3 |
| 6621 Mineral Point Rd Madison, WI 53705 | (608) 833-1110 | — | 3.6 |
| 2105 Zeier Rd Unit C106 Madison, WI 53704 | (608) 221-4483 | — | 4.8 |
| 6514 Odana Rd Suite 3 Madison, WI 53719 | (608) 827-6300 | — | 4.7 |
| 2616 E. Washington Avenue Madison, WI 53704 | (608) 242-9060 | Mon–Fri 9:00 AM – 5:30 PM Sat–Sun closed |
— |
| 2401 W Broadway Monona, WI 53713 | (608) 226-8800 | — | 4.9 |
| 4100 E Washington Ave Madison, WI 53704 | (608) 888-0730 | — | 4.4 |
| 1 Dempsey Rd #4 Madison, WI 53714 | (608) 866-9988 | — | 2.3 |
| 1783 Thierer Rd Madison, WI 53704 | (608) 716-7985 | — | 5.0 |
Fast & secure payday loans in Madison, Wisconsin
Unexpected expenses can happen anytime. If you need urgent cash in Madison, 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 Madison 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.
- Loans within Wisconsin limits Loan terms must comply with the Wisconsin Payday Loan Law.
- Safe & confidential Your personal and financial details are sent over an encrypted connection.
Notice for Madison 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 Wisconsin law (Wisconsin Payday Loan Law). Always review the contract terms carefully before signing.
Madison payday loan FAQ
How much cash can I borrow in Madison?
Loan amounts in Madison are typically from $100 up to the Wisconsin limit (No state limit), in line with Wisconsin 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 Madison 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 Madison 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 Madison?
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 Madison residents?
To qualify, you must:
- Be at least 18 years old.
- Live in Madison or the surrounding Wisconsin area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).