Quick answer
Virginia is served by the Virginia State Corporation Commission (SCC) - Division of Consumer Affairs / Bureau of Financial Institutions. Most loan types are available, each with its own limits and licensing requirements. Call (800) 236-7761 or use the form to see which lenders are active in Virginia today.
Virginia loan rules at a glance
- Payday max amount
- Loan may not exceed $2,500 (Code of Virginia ch. 18/ch. 15 short-term loan provisions; also stated in the SCC-administered short-term lending rules)
- Payday term
- Minimum and maximum loan durations not captured verbatim in this run; SCC rules for short-term lending state the maximum loan amount is $2,500
- Payday cost cap
- Virginia's 2020 Fairness in Lending Act capped short-term loan rates (36% APR structure per Chapter 15 6.2-1500 et seq.)
- Payday licensing
- License required under Code of Virginia ch. 15 (6.2-1500 et seq.)
- Title loan term
- Minimum duration six months, maximum 24 months (shorter minimums only if the monthly payment stays within income-based limits)
- Title loan rate
- Licensee may not charge fees beyond those permitted by 6.2-2216; charges for brokering or obtaining a loan are prohibite
- Governing statutes
- Chapter 15, Chapter 16, Chapter 18, Chapter 22
Regulator: Virginia State Corporation Commission (SCC) - Division of Consumer Affairs / Bureau of Financial Institutions · Phone: not captured in sources reviewed (QA to verify SCC consumer line) · Statutes: Chapter 15, Chapter 16, Chapter 18, Chapter 22 · Last verified: 2026-10-08
Loan products in Virginia
The table below summarises each product's legal status and key limits under Virginia law. Click a product to see the detailed guide.
| Loan type | Status | Key limits |
|---|---|---|
| Payday loans | Restricted | Virginia's 2020 Fairness in Lending Act capped short-term loan rates (36% APR structure per Chapter |
| Cash advance | Restricted | No separate cash-advance regime found; deferred presentment-style products run through the short-ter |
| Title loans | Restricted | Licensee may not charge fees beyond those permitted by 6.2-2216; charges for brokering or obtaining |
| Installment loans | Restricted | State limits apply |
| Bad credit loans | Restricted | Same legal rules as installment unless noted; no separate bad-credit statute found in primary source |
| Debt consolidation | Restricted | Virginia licenses debt settlement companies (6.2-2300 et seq. / 14 VAC); text not captured in this r |
| Refinance | Restricted | Mortgage refinance through SCC/NMLS (Chapter 16 mortgage lender provisions); texts not captured in t |
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Cities in Virginia
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