256-bit encrypted Free service - lenders pay us, not you LendUp is a borrower-first loan marketplace
States Wyoming

Loans in Wyoming: Payday and Installment Options

Page last reviewed: October 28, 2026 · Reviewed for accuracy by Kelly Etheridge

You can get a payday or installment loan in Wyoming from a lender licensed by the Division of Banking. A payday loan's fee is capped at $30 or 20% a month, whichever is more, and an installment loan at 36% a year on the first $1,000 of the balance and 21% on the rest.

Check Your Options
Payday loans Fee up to $30 or 20% a month, whichever is more; 1 month max
Installment 36% a year on the first $1,000 of the balance, 21% above
Example $2,000 over 12 months: about $196.56 a month at the maximum
Late fee After 10 days: 5% of the installment or $10, whichever is more
You need ID, proof of income and a bank account
Compare the Costs Payday or Installment?

Payday and Installment Costs Under Wyoming's Caps

LoanPaymentsCostAPR
$100 payday, 14 days1 × $130.00$30~782%
$300 payday, 1 mo1 × $360.00$60~235%
$1,000, 12 mo12 × $100.46$206~36%
$2,000, 12 mo12 × $196.56$359~32%
$3,000, 24 mo24 × $165.44$971~29%
$5,000, 36 mo36 × $200.31$2,211~26%

Worked out from Wyoming law at the highest charges a licensed lender can make, not offers from lenders in our network; a lender can charge less.

Small payday loans carry the highest APRs because of the $30 minimum fee. On installment loans the 21% rate applies only to the part of the balance above $1,000, so larger loans cost less per dollar. A lender can also charge a minimum finance charge of up to $30, official fees and taxes, some optional insurance and reasonable closing costs.

One Month or Many: Choosing a Wyoming Loan

A payday loan fits if
  • You need a small amount until your next paycheck
  • You can repay it all in one payment within a calendar month
  • You want a free cancel window until 5 p.m. the next business day
An installment loan fits if
  • You need more than one paycheck can cover
  • You want monthly payments under the 36% and 21% caps
  • You want to be able to prepay at any time without penalty

The Division of Banking says Wyoming payday loans were designed for small, short-term needs, and that larger amounts are better suited to installment credit from banks and consumer finance companies. See Wyoming payday loan rules.

Wyoming Installment Loan Rules Since the 2021 Rewrite

In 2021 Wyoming repealed its separate supervised-loan sections (Laws 2021, ch. 14). The cap for consumer loans now sits in W.S. 40-14-310, and these rules apply:

  • A license for every lender. No one can make consumer loans in Wyoming without a Division of Banking license unless it's a bank or savings association. The caps here bind Wyoming-licensed lenders.
  • Online lenders included. The credit code covers loans to Wyoming residents from lenders that advertise in the state online, and a clause choosing another state's law is invalid.
  • Loans up to $75,000. The consumer loan rules cover personal loans of up to $75,000 that aren't first mortgages.
  • Broker fees count. Commissions or brokerage fees for getting you the loan count toward the rate cap if the lender knew about them.
  • Late fees. Only after 10 days, at most 5% of the unpaid installment or $10, whichever is more, once per installment: $10 on a $196.56 payment.
  • Paying early. You can prepay in full at any time without penalty. On a precomputed loan you get back the unearned charge, though the lender can keep a minimum charge of up to $30.
  • Refinancing. A refinanced loan is held to the same 36% and 21% caps on the new principal.

Three Steps to a Wyoming Loan Offer

  1. Have your ID, proof of income and bank account details ready, and decide whether you can repay in one payment within a month or need monthly payments.
  2. Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
  3. Check the rate against Wyoming's caps and look the lender up in NMLS Consumer Access before you sign.
Check Your Options

Wyoming's Two Lending Licenses, and Where to Check Them

Official lookup tool NMLS Consumer Access
  1. Search NMLS Consumer Access, the Division of Banking's licensee search, by the company's legal name or NMLS number.
  2. Look for an active Wyoming Consumer Lender license for an installment loan, or Post-Dated Check Casher for a payday loan.
  3. Licensing covers every location where the lender regularly does business, online included, and every license expires on December 31.

To complain, write to the Division of Banking with copies of your documents, by mail or at [email protected], or call (307) 777-7797. It generally replies within three weeks.

Common Questions

What is the maximum interest rate on a loan in Wyoming?

For consumer loans from Wyoming-licensed lenders, 36% a year on the first $1,000 of the balance and 21% on the rest. Payday loans have their own limit: a fee of $30 or 20% a month, whichever is more.

Can I get a loan online in Wyoming?

Yes. Wyoming's credit code covers lenders that advertise to Wyoming residents online, and the Division of Banking requires a license for online lending too. Check the lender in NMLS Consumer Access.

How much would a $2,000 loan cost per month in Wyoming?

At the maximum rates, about $196.56 a month over 12 months or $113.29 over 24 months. A lender can charge less.

Can I pay off a Wyoming installment loan early?

Yes, in full at any time without penalty. On a precomputed loan you get a rebate of the unearned charge, though the lender can keep a minimum charge of up to $30.

What is the late fee on a Wyoming installment loan?

Nothing for the first 10 days. After that, up to 5% of the unpaid installment or $10, whichever is more, collected once per installment.

Where do I complain about a Wyoming lender?

Contact the lender first, then write to the Division of Banking by mail or at [email protected], with copies of your documents. You can call (307) 777-7797.

Official Sources

General information, not legal advice. Facts on this page were checked against these sources on October 28, 2026.

LendUp isn't a lender. We pass your request to lenders in our network; offers aren't guaranteed, and we may earn compensation if a loan is funded.

← Browse all states