Installment Loans in New Hampshire

Steps

1. Submit one request through LendUp or contact a licensed lender directly.
2. Gather your government ID, proof of income (such as pay stubs or benefit letters), and bank account details for direct deposit and repayment.
3. Upload or share any additional documents the lender requests, such as recent bank statements.
4. Before you sign, confirm the payment schedule and total repayment amount, then save a copy of the agreement.

What to expect

• Credit check: Some lenders pull a credit report; others lean more on income and bank account history. If you have a credit freeze, you may need to temporarily lift it to complete the application.
• Total cost: Ask for the total amount you'll repay over the full term, shown as the "finance charge" plus principal on your agreement.
• Payment schedule: Your lender must provide a written payment schedule before you sign. Payments are typically withdrawn automatically from your bank account on each due date.
• Timing: If you choose direct deposit, confirm the expected deposit date in your lender portal or approval email before you rely on the funds.
• Online lenders: New Hampshire requires online lenders making small loans to New Hampshire residents to hold the same Small Loan Lender license as storefront lenders - verify before you apply.

Before you share your Social Security number or bank info, confirm the lender holds an active New Hampshire Small Loan Lender license.

1. Go to nmlsconsumeraccess.org and enter the lender's company name in the search box. Include the full legal name as shown on your offer, including "LLC," "Inc.," or similar.
2. In the results, select the matching company and open their license details. Look for a New Hampshire – Small Loan Lender license entry.
3. Confirm the license status shows Approved and that the licensed name and state match what's on your offer. If the lender uses a brand name, look for a "doing business as (DBA)" listing on the same record.
4. If you can't find a match, pause the application and ask the lender to provide their NMLS ID number and New Hampshire license number directly. Do not rely on a screenshot they send you - check the NMLS portal yourself.

To report a suspected unlicensed lender or a problem with a licensed lender, contact the New Hampshire Banking Department at banking.nh.gov - Consumer Complaints.

Your rights in New Hampshire

• Written agreement: Your lender must provide a written loan agreement that includes the full payment schedule, total amount financed, and all fees before you sign. Do not sign a contract with blank fields.
• Early payoff: You have the right to pay off your installment loan early. Ask the lender for an official payoff amount tied to a specific date and confirm how any unearned fees are handled.
• Unlicensed lenders: A loan made by a lender that does not hold the required New Hampshire Small Loan Lender license may not be enforceable. Confirm the license before you sign.
• Complaints: If a lender violates your rights, you can file a complaint with the New Hampshire Banking Department at no cost to you.

Walk away if

• The lender shows only the monthly payment and won't state the total repayment amount in writing.
• An employee tells you to misrepresent your income or expenses to qualify.
• You're asked to pay an upfront fee before you can receive your loan funds.
• The agreement allows the lender to change the rate or fees after you sign without a clear trigger you can control.
• The lender won't provide a complete payment schedule with due dates before you accept.

If payments look tight, review Alternatives and scan the red flags in Scams and safety.