Local briefing · ND
Payday loans in Pick City, ND
Pick City is a North Dakota community of roughly 128 people — the 195th-largest place in the state. For payday borrowing the state matters more than the city: payday lending is permitted for licensed lenders in North Dakota, inside the state fee cap, and North Dakota's fee cap applies to every licensed lender serving Pick City. Below are the sourced rules, the real cost, and the cheaper options.
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 in North Dakota
Legal for licensed deferred presentment service providers
The local picture
Payday loan rules that apply in Pick City
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 Pick City — 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 quoteSource 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 quoteSource 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 quoteSource 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 quoteSource 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 quoteSource 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 Pick City
Before you sign in Pick City, work out what you will owe on the due date — the amount borrowed plus the fee — and compare it with the cash you expect to have that day. If the two do not line up, the loan is being repaid by the next one. Model it first with our loan payment calculator and see what the same amount would cost as a fixed-payment installment loan.
Cheaper alternatives in Pick City
Ranked by what they usually cost: a payment plan with the creditor (often 0%), a credit-union payday alternative loan, a small personal installment loan, and a cash-advance app — which is often a payday loan in different clothing and carries a similar APR. See the full comparison of alternatives to payday loans before you borrow in Pick City.
About Pick City
- Population: 128 (US Census Bureau, Vintage 2023 subcounty estimate).
- Size in North Dakota: the 195th-largest of 355 Census places in the state.
- Population trend: Its population grew about 3.2% between the 2020 Census base and the 2023 estimate.
- Nearest larger cities: Riverdale, ND (4 mi); Garrison, ND (10 mi); Stanton, ND (14 mi). Bigger markets often have more lenders, but a lender licensed in North Dakota serves Pick City under the same state rules.
Before you borrow in Pick City
- 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.
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.
Frequently asked questions
Can I get a payday loan in Pick City?
How much can I borrow with a payday loan in Pick City?
How much does a payday loan cost in Pick City?
Will a payday loan in Pick City hurt my credit?
Nearby places
All North Dakota citiesNearest Census places by distance.