Quick answer
Billings, MT residents can get loans from licensed lenders regulated by the Montana Division of Banking and Financial Institutions (BFID). Payday loans are restricted. Call (800) 236-7761 or use the form to see which lenders will work with you today.
Loan options for Billings residents
Montana law determines what loans are available, what they cost, and who can lend. Here is how each product stands under current Montana law:
| Loan type | Status in MT | Key limits |
|---|---|---|
| Payday / cash advance | Restricted | 36% per annum exclusive of insufficient-funds fees (MCA 31-1-722(2)) |
| Cash advance | Restricted | Special limits apply |
| Title loans | Restricted | Title loans fall within the Montana Consumer Loan Act; consumer-loan interest ma |
| Installment loans | Restricted | Consumer loan licensees may not charge interest exceeding 36% a year (MCA 32-5-3 |
| Bad credit loans | Restricted | Special limits apply |
| Refinance | Restricted | Special limits apply |
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Tell us the amount and your credit range. Only lenders licensed in Montana see your request.
Montana loan rules at a glance
All loan products in Billings follow Montana law. Licensed lenders are regulated by the Montana Division of Banking and Financial Institutions (BFID). Here are the key provisions for the most common loan types:
Montana loan rules at a glance
- Payday max amount
- No dollar amount cap stated in the Deferred Deposit Loan Act text reviewed (MCA 31-1-701 et seq.); fee capped at 36% per annum
- Payday term
- Not stated in statute text reviewed
- Payday cost cap
- 36% per annum exclusive of insufficient-funds fees (MCA 31-1-722(2))
- Title loan term
- Not stated
- Title loan rate
- Title loans fall within the Montana Consumer Loan Act; consumer-loan interest may not exceed 36% a year (MCA 32-5-301(1)
- Payday licensing
- Deferred deposit loan license required under MCA 31-1-701 et seq.; issued through NMLS [s1]
- Governing statutes
- MCA Montana Deferred Deposit Loan Act, Montana Consumer Loan Act, amd. Sec. 6
Regulator: Montana Division of Banking and Financial Institutions (BFID) · Phone: (406) 841-2920 · Statutes: MCA Montana Deferred Deposit Loan Act, Montana Consumer Loan Act, amd. Sec. 6 · Last verified: 2026-10-08
Cheaper options in Billings
Before you take a high-cost loan, check these local alternatives:
- County, area code(s), nearby cities for Billings (Census / FCC / state sources)
- Montana product statuses restated concisely with regulator link (city inherits state law; never invent city-level law)
- Billings-specific local alternatives: credit unions offering PALs, municipal/state utility hardship programs, Billings 211 entry
- Nearby-city internal links