Panda Loans State Availability
A complete guide to panda loans availability across all 50 U.S. states and the District of Columbia — loan amount limits, APR caps, and term lengths.
Panda loans availability varies by state. Most U.S. states are served by the standard product line — $500 to $15,000 over 6 to 60 months — but several states impose stricter consumer-credit rules that limit maximum loan amounts, minimum terms, or APR ceilings. The table below summarizes panda loans availability across all 50 states and the District of Columbia.
Panda loans availability by state
| State | Status | Loan Amount | Term | Notes |
|---|---|---|---|---|
| Alabama | Available | $500–$15,000 | 6–60 mo | Standard product line; 19+ minimum age |
| Alaska | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Arizona | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Arkansas | Limited | $500–$5,000 | 12–48 mo | 17% state APR cap; smaller loan amounts |
| California | Available | $500–$15,000 | 6–60 mo | CFL-licensed lenders; standard line |
| Colorado | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Connecticut | Limited | $500–$10,000 | 12–48 mo | 12% APR cap on small dollar; check state limits |
| Delaware | Available | $500–$15,000 | 6–60 mo | Standard product line |
| District of Columbia | Available | $500–$10,000 | 6–60 mo | 24% APR cap |
| Florida | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Georgia | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Hawaii | Available | $500–$10,000 | 6–60 mo | Standard product line |
| Idaho | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Illinois | Limited | $500–$10,000 | 6–48 mo | 36% APR cap (Predatory Loan Prevention Act) |
| Indiana | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Iowa | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Kansas | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Kentucky | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Louisiana | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Maine | Limited | $500–$10,000 | 12–48 mo | 30% APR cap |
| Maryland | Limited | $500–$6,000 | 12–36 mo | 33% APR cap on smaller balances |
| Massachusetts | Limited | $500–$10,000 | 12–48 mo | Lower APR caps; smaller product range |
| Michigan | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Minnesota | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Mississippi | Available | $500–$15,000 | 6–60 mo | 21+ minimum age |
| Missouri | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Montana | Limited | $500–$10,000 | 6–48 mo | 36% APR cap |
| Nebraska | Available | $500–$15,000 | 6–60 mo | 19+ minimum age |
| Nevada | Available | $500–$15,000 | 6–60 mo | Standard product line |
| New Hampshire | Available | $500–$15,000 | 6–60 mo | 36% APR cap |
| New Jersey | Limited | $500–$10,000 | 12–48 mo | 30% APR cap |
| New Mexico | Limited | $500–$10,000 | 6–48 mo | 36% APR cap (HB 132) |
| New York | Limited | $500–$5,000 | 12–36 mo | Strict state lending laws; smaller amounts |
| North Carolina | Limited | $500–$5,000 | 12–36 mo | Strict state lending laws; smaller amounts |
| North Dakota | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Ohio | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Oklahoma | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Oregon | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Pennsylvania | Limited | $500–$4,000 | 12–36 mo | Stricter consumer-credit rules; smaller amounts |
| Rhode Island | Available | $500–$10,000 | 6–60 mo | Standard product line |
| South Carolina | Available | $500–$15,000 | 6–60 mo | Standard product line |
| South Dakota | Limited | $500–$10,000 | 6–48 mo | 36% APR cap |
| Tennessee | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Texas | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Utah | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Vermont | Limited | $500–$10,000 | 12–48 mo | 18% APR cap on small dollar |
| Virginia | Available | $500–$15,000 | 6–60 mo | 36% APR cap (Fairness in Lending Act) |
| Washington | Available | $500–$15,000 | 6–60 mo | Standard product line |
| West Virginia | Limited | $500–$10,000 | 12–48 mo | 31% APR cap |
| Wisconsin | Available | $500–$15,000 | 6–60 mo | Standard product line |
| Wyoming | Available | $500–$15,000 | 6–60 mo | Standard product line |
How state APR caps work
State usury laws and consumer-credit statutes set ceilings on how high an APR can go on personal-installment loans. These caps protect consumers from predatory pricing, but they also reduce the range of products available in capped states — a 36% APR cap, for example, eliminates the "deep subprime" tier from a state's market, which means borrowers below 580 FICO have fewer options locally and may need to look at credit-union products or alternative paths.
States with the strictest APR caps
- New York, North Carolina, Pennsylvania: Among the strictest consumer-credit regulators in the U.S. Maximum panda loans amounts are typically capped well below the standard $15,000 ceiling.
- Illinois, New Mexico, Virginia, New Hampshire, Montana, South Dakota: 36% APR cap states under various 2020s state laws.
- Connecticut, Vermont: Among the lowest small-dollar APR caps in the country.
- Arkansas: 17% APR cap is the strictest among non-DC jurisdictions.
Standard-availability states
The majority of U.S. states allow the full panda loans product line of $500 to $15,000 over 6 to 60 months. Texas, Florida, Georgia, Ohio, California, and most southern and midwestern states fall into this category.
Minimum age requirements by state
Most U.S. states require panda loans applicants to be at least 18. Three exceptions:
- Alabama: 19 years minimum
- Nebraska: 19 years minimum
- Mississippi: 21 years minimum
What to do if your state shows "Limited"
If panda loans availability in your state is limited, you have several alternatives worth investigating before signing anything:
- Local credit-union signature loans — typically 8% to 18% APR for members in good standing, often available at smaller dollar amounts than national lenders.
- Community development financial institutions (CDFIs) — non-profit lenders specifically chartered to serve underserved borrowers in high-cap states.
- State-run small-dollar lending programs — some states (notably California, Texas, and Florida) offer specific small-dollar pilot programs through partner credit unions.
- Employer-based lending programs — some larger employers offer payroll-deducted small loans at low APRs as an employee benefit.
State-by-state references
If you need to verify a panda loans-related claim or check that a lender is licensed in your state, your state's banking-department or consumer-protection website is the authoritative source. The Conference of State Bank Supervisors (CSBS) maintains the NMLS Consumer Access portal at nmlsconsumeraccess.org for verifying lender licensing nationally.
For the full editorial product breakdown that applies to all standard-availability states, see our loan products page and personal loans guide.
Primary sources
This article cites federal regulatory and consumer-protection sources directly. Verify every claim:
- Consumer Financial Protection Bureau (CFPB) — federal consumer-protection regulator for U.S. consumer lending
- Federal Deposit Insurance Corporation (FDIC) — banking and lending oversight
- Federal Trade Commission — Credit & Finance — fair lending enforcement
- National Credit Union Administration (NCUA) — federal credit union regulator
- Truth in Lending Act (TILA) examination procedures — federal lending disclosure law