State reference · HI

Hawaii lending rules

Hawaii has 1 Census places covered on Paydayloaning, with a combined estimated population of 341,778. Payday and small-loan terms in Hawaii are set by licensed lenders under state law; the sourced rules below apply to every borrower in the state.

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.

The verdict

Prohibited (deferred deposit/payday replaced by licensed small-dollar installment loans under Act 56 of 2021)

Source: Hawaii Division of Financial Institutions, Department of Commerce and Consumer Affairs · as of 2026-09-16

Maximum rate
12% per year simple interest (consumer credit transactions by written contract)
Hawaii State Legislature (Hawaii Revised Statutes)
Licensing
Installment lender license required (formerly payday lenders)
Hawaii Division of Financial Institutions, Department of Commerce and Consumer Affairs
Regulator
Hawaii Division of Financial Institutions (DFI), Department of Commerce and Consumer Affairs
Hawaii Division of Financial Institutions, Department of Commerce and Consumer Affairs

Rules are quoted from the cited sources. How payday lending is regulated.

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

Key rules for borrowers in Hawaii

Quoted from the statute, regulator or agency named in each row.

RuleDetailSource
Maximum legal interest rate (usury cap) 12% per year simple interest (consumer credit transactions by written contract)
Source says: "to stipulate by written contract, for any rate of simple interest not exceeding one per cent per month or twelve per cent a year".
Hawaii State Legislature (Hawaii Revised Statutes)
as of 2026-09-16
Payday lending status Prohibited (deferred deposit/payday replaced by licensed small-dollar installment loans under Act 56 of 2021)
Source says: "No. The new law prohibits payday loans the Legislature believed resulted in consumers stuck in a high cost loan".
Hawaii Division of Financial Institutions, Department of Commerce and Consumer Affairs
as of 2026-09-16
Small-loan / installment lender licensing Installment lender license required (formerly payday lenders)
Source says: "Act 56 (2021) is effective January 1, 2022, creating a new statutory license for installment lenders (formerly known as payday lenders)".
Hawaii Division of Financial Institutions, Department of Commerce and Consumer Affairs
as of 2026-09-16
State lending regulator Hawaii Division of Financial Institutions (DFI), Department of Commerce and Consumer Affairs
Source says: "DFI ensures the safety and soundness of state-chartered and state-licensed financial institutions".
Hawaii Division of Financial Institutions, Department of Commerce and Consumer Affairs
as of 2026-09-16
Small-dollar installment loan rate cap 36% per year maximum interest on the unpaid principal balance (small-dollar installment loans)
Source says: "Thirty-six per cent (36%) per year on the portion of the unpaid principal balance of the loan".
Hawaii Division of Financial Institutions, Department of Commerce and Consumer Affairs
as of 2026-09-16

Cities in Hawaii

All Hawaii cities

We cover 1 Census place in Hawaii.

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

What interest rate can a lender charge in Hawaii?
It depends on the product and the statute that governs it. The sourced table on this page lists Hawaii's usury cap and the licensing rules, each with its publisher and a link to the primary source.
Are payday loans legal in Hawaii?
Payday lending is regulated state by state; some states permit it, some cap it, and some prohibit it outright. See the sourced figure on this page for the current position.
Do I need a license to lend money in Hawaii?
Most consumer lenders must be licensed by the state regulator named on this page. You can verify a lender's license with that regulator before you sign anything.

Related

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