Loan Rates and Fees in Nevada

Nevada does not set a statutory cap on the finance charge (fee) for payday (deferred deposit) loans - the fee is whatever the lender and borrower agree to, subject to the lender's ability-to-repay determination and the loan amount limit of 25% of your gross monthly income, enforced through a statewide database. Terms may not exceed 35 days.

On a $300 loan due in 14 days, if the lender charges a 25% fee the cost would be $75 and your total repayment $375 - but lenders set their own rates, so your actual fee may differ. Your agreement will show an APR disclosure required by federal law, and on a 14-day $300 loan at a 25% fee that figure works out to roughly 652% APR because the short term scales the fee across a full year.

• Extensions and rollovers are restricted - verify the specific extension terms and any additional fees with the Nevada Financial Institutions Division before signing.
• The returned payment fee - labeled "NSF fee" or "dishonored check fee" on your agreement - is capped at $25.
• A database verification fee may appear as a separate line item; confirm the exact amount with your lender before signing.

If an offer's terms seem unusual, verify the lender's license with the Nevada Financial Institutions Division.

Nevada sets no statutory interest rate cap on installment loans issued under its general lending license (NRS Chapter 675) - the rate on your agreement is whatever you and the lender agree to, so comparing the APR across multiple offers is your primary protection.

Origination fees and other upfront charges are not capped by state statute for NRS 675 installment loans - ask the lender for the exact amount of any origination or administrative fee before you sign.

On a $1,000 loan at 100% APR for 12 months with equal monthly payments, you'd repay approximately $1,620 total - roughly $620 in interest plus $1,000 in principal, before any fees; use the "Total of Payments" line on your agreement as the definitive number.

• Refinancing restarts interest on the new amount - compare your remaining balance to the new loan's total of payments before you agree.
• The same $25 returned payment fee cap applies - see payday loan costs above.
• Late fees are not capped by state statute for NRS 675 installment loans - confirm the exact late-charge amount and grace period in your agreement before you sign.
• You can pay off early without penalty - interest stops accruing on the date you pay, reducing your total cost. Details on the installment loans page.

If an offer's terms seem uncapped, confirm the lender's license with the Nevada Financial Institutions Division.

• Returned payment fee: cannot exceed $25 on either product.
• Total of payments: the single most important number - this is what you'll actually pay back over the full term, including all interest and fees.
• Military households: if you or your spouse are active-duty, the all-in cost cannot exceed 36% MAPR under federal law - compare to the APR on your offer.