Our 5 Star Payday Loans store at 1799 Milton Rd #8 in Charlotte, North Carolina is open for business, but state law restricts payday lending here. This location does not offer payday loan products. See below for short-term lending alternatives in North Carolina.
Payday Loans Are Not Available in North Carolina
Payday loans are not currently available in North Carolina under N.C.G.S. § 24-1.1(c) (floating contract rate); § 53-166 (licence required below $25,000). This 5 Star Payday Loans location in Charlotte does not offer payday loan products. If you live or work in Charlotte and need short-term funds, there are still lawful options. See below for what is available to North Carolina residents.
Governing law: N.C.G.S. § 24-1.1(c) (floating contract rate); § 53-166 (licence required below $25,000)
What Charlotte Residents Can Apply For Instead
Personal installment loans in North Carolina are regulated by the North Carolina Consumer Finance Act under NC Gen Stat § 53-176.
Up to 33% APR
Max APR
$25,000
Max Loan Amount
~8 years
Max Term
Required
Lender License
Personal installment loans in North Carolina are tiered by loan amount: 33% on principals up to $4,000, 24% from $4,001-$8,000, and 18% from $8,001-$25,000 (NC Gen Stat § 53-176). Loans must be between 12 and 96 months, with a maximum principal of $25,000. An origination fee of 1% of the principal, up to $150, is allowed.
Governing law: NC Gen Stat § 53-176 (2025) (North Carolina Consumer Finance Act)
Apply Online from Charlotte
Start your installment loan application online. Decisions are usually returned within one business day, and you can visit our Charlotte store to finalize if approved.
Apply Online Now →Your Rights as a North Carolina Borrower
Consumers in North Carolina are protected by regulations prohibiting prepayment penalties and limiting refinancing to twice in a 12-month period. License verification is required under the North Carolina Consumer Finance Act. Complaints can be directed to the State Banking Commission.
- No assignment of earnings
- No real property as security
- Deceptive acts or practices
- No solicitation of deposits
- No splitting contracts
- Right to cancel within 3 business days (a borrower may cancel a loan within three business days after disbursement.)
- File a complaint with the North Carolina Commissioner of Banks
Other Short-Term Options to Consider
If a personal installment loan is not the right fit, North Carolina residents may also consider:
- Credit union payday alternative loans (PALs), federally capped at 28% APR
- Earned wage access apps or employer paycheck advance programs
- Nonprofit emergency assistance through local community organizations and churches
- State-specific small-dollar loan programs (check your state banking regulator)
More Resources
Explore 5 Star Payday Loans in Charlotte and across North Carolina: All Locations • North Carolina Payday Loan Guide • Payday Loans • Cash Advance Loans • Bad Credit Loans • Same Day Loans.
North Carolina residents should be aware that personal installment loan rates vary by loan amount, with a maximum APR of 33% for loans up to $4,000 and 18% for loans above $8,000. See NC Gen Stat § 53-176 for details.
