Payday Loans in Crary, ND: Rates, Rules & Calculator

Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Payday lending Legal for licensed deferred presentment… North Dakota Legislative Branch

Rate cap Formula ceiling: 6-month U.S North Dakota Department of Financial Institutions

Licensing Money broker license required to engage… North Dakota Legislative Branch

Regulator North Dakota Department of Financial… North Dakota Department of Financial Institutions

By the Paydayloaning Editorial Team · Last updated 2026-09-16

Payday lending in North Dakota

Legal for licensed deferred presentment service providers

Full North Dakota lending rules

The local picture

Payday loan rules that apply in Crary

Every figure below is published by the state or the regulator that sets it, with a link to the primary source. These rules apply to any lender serving Crary — North Dakota's fee cap is not adjusted city by city.

Rule	Detail	Source
Maximum legal interest rate (usury cap)	Formula ceiling: 6-month U.S. Treasury bill average + 5.5 percentage points, never less than 7%; NDDFI-published rate for September 2026: 9.204%. Source quote Source says: "The rate is equal to five and one-half percent (5.5%) higher than the current cost of money" and "the maximum allowable interest rate ceiling may not be less than seven (7) percent" (NDDFI Usury Rate page; September 2026 rate 9.204%).	North Dakota Department of Financial Institutions as of 2026-09-16
Payday lending status	Legal for licensed deferred presentment service providers; fee capped at 20% of amount advanced; max $500 per transaction; $600 aggregate outstanding per customer. Source quote Source says: "A licensee may charge a fee for the deferred presentment service, not to exceed twenty percent of the amount paid to the customer" (N.D.C.C. 13-08-12); "may not disburse more than five hundred dollars to the customer in a deferred presentment service transaction" (13-08-12.3).	North Dakota Legislative Branch as of 2026-09-16
Small-loan / installment lender licensing	Money broker license required to engage in money brokering (arranging/providing loans); issued by the commissioner of financial institutions. Source quote Source says: "may not engage in money brokering in the state of North Dakota without a money broker license issued by the commissioner" (N.D.C.C. 13-04.1-02).	North Dakota Legislative Branch as of 2026-09-16
State lending regulator	North Dakota Department of Financial Institutions (NDDFI) Source quote Source says: "The Department also licenses and regulates Money Brokers... Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters."	North Dakota Department of Financial Institutions as of 2026-09-16
Usury penalties (state-specific rule)	Usury forfeits all interest plus 25% of principal; charging usurious interest is a class B misdemeanor. Source quote Source says: "shall be deemed a forfeiture of the entire interest" and "a forfeiture of twenty-five percent of the principal" (N.D.C.C. 47-14-10); usury is a class B misdemeanor (47-14-11).	North Dakota Legislative Branch as of 2026-09-16

What a payday loan costs in Crary

A payday loan is priced by a fee per $100 borrowed, not by a monthly interest rate. Because the loan is usually due in about two weeks, that fee translates into an annual percentage rate many times higher than an installment loan or a credit card — the Federal Trade Commission's own example, a $15 fee per $100 on a two-week loan, works out to roughly 391% APR. Federal law requires the lender to show you the finance charge and the APR in writing before you sign, so the real cost is knowable before you commit. How payday loan fees work.

Cheaper alternatives in Crary

A small personal installment loan is the closest like-for-like replacement: the same lump sum, but repaid in fixed monthly payments, so the APR is a fraction of a payday advance's. Pre-qualification uses a soft credit pull that does not affect your score, so you can compare offers without cost. Payday loan vs personal loan.

About Crary

Population: 112 (US Census Bureau, Vintage 2023 subcounty estimate).
Size in North Dakota: the 205th-largest of 355 Census places in the state.
Population trend: Its population fell about 1.8% between the 2020 Census base and the 2023 estimate.
Nearest larger cities: Devils Lake, ND (11 mi); Lakota, ND (13 mi); Tolna, ND (19 mi). Bigger markets often have more lenders, but a lender licensed in North Dakota serves Crary under the same state rules.

Before you borrow in Crary

Confirm payday lending is permitted in North Dakota and check the maximum fee in the table above.
Compare the APR, not the dollar fee — that is the only way to compare a two-week loan with a two-year one.
Run the numbers with our loan payment calculator to price the same amount as an installment loan.
Verify the lender is licensed in North Dakota with the regulator listed above.
Never give a lender remote access to your bank account beyond the amount you actually owe, and ask for any repayment plan in writing.

Frequently asked questions

Can I get a payday loan in Crary?

Only if payday lending is permitted in North Dakota. Payday lending is regulated state by state, so whether a licensed lender may offer one in Crary depends on North Dakota law rather than on any local ordinance. See the sourced figure on our North Dakota lending reference page.

How much can I borrow with a payday loan in Crary?

State law sets the maximum advance, and many states cap payday loans at a few hundred dollars. The sourced limit for North Dakota is listed with its publisher on our state reference page, so you can see the current figure rather than an estimate.

How much does a payday loan cost in Crary?

Lenders charge a fee per $100 borrowed rather than a monthly interest rate, and North Dakota law sets the maximum fee. Because the term is only a couple of weeks, that fee produces a very high APR. Our state reference page lists the sourced fee cap, and our APR calculator shows the math.

Will a payday loan in Crary hurt my credit?

Many payday lenders do not report on-time payments to the major credit bureaus, so a payday loan usually will not build your credit. An unpaid balance that is sent to collections can still be reported and damage your score, which is why the repayment plan matters more than the application.

Nearby places

All North Dakota cities

Nearest Census places by distance.

Payday loans in Crary, ND