Alexander City, AL · South · Allowed
Payday loans in Alexander City
Alexander City is governed by Alabama's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Alabama. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Alexander City
14,773 residents · Tallapoosa County Median household income is $29,874 — below the Alabama median of $48,973.
4 storefront locations of 4 companies listed in the public directory snapshot below. Categories are the directory's own — verify a store's license with the state regulator before borrowing.
| Lender | Address | Phone | Hours |
|---|---|---|---|
| 1st Franklin Financial Installment Loans | 1990 Cherokee Rd, 35010 | (256) 234-2838 | Mon 8:30 AM - 5:30 PM · hours vary |
| Advance America Title Loans, Check Cashing/Pay-day Loans | 859 Market Pl, 35010 | (256) 212-9383 | Mon 10:00 AM - 6:00 PM · hours vary |
| Always Money Gold Buyers, Check Cashing/Pay-day Loans | 2975 Highway 280 Ste B, 35010 | (256) 329-2141 | Mon 9:00 AM - 6:00 PM · hours vary |
| Security Finance Installment Loans | 114 Calhoun St, 35010 | (256) 329-9395 | Mon 9:00 AM - 6:00 PM · hours vary |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Alabama page before visiting. Spot an error? Report it.
The online route in Alexander City
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Alabama follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Alabama regulator.
The rules behind the numbers
A payday loan is a short-term, high-cost loan designed to meet immediate cash needs and is not intended for long-term financial solutions.
In practice: borrow $300 for a standard term and the finance charge is $52.5 — $352.5 repaid at the end, about 456% APR. Every compliant lender in Alexander City has to fit inside that schedule.
Statute: Ala. Code § 5-18A-1 et seq.
Regulator: Alabama State Banking Department · banking.alabama.gov
Questions people ask in Alexander City
Are payday loans legal in Alexander City, AL?
Yes. Storefront payday lending is permitted across Alabama, and Alexander City runs under the same state rules: maximum loan $500, fees capped at 17.5% of loan amount ($17.50 per $100). A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Alexander City?
The same as anywhere in Alabama: state law sets the schedule. On a typical $300 loan the finance charge is about $52.5 — $352.5 repaid at the end of the standard term.
Which lenders have stores in Alexander City?
4 storefronts are listed in Alexander City in our 2022-02-20 directory snapshot (4 different companies). The full list with addresses, phones and hours is in the table above.
Who regulates lenders in Alexander City?
Complaints about a lender go to the Alabama State Banking Department (banking.alabama.gov) — keep the loan agreement and every fee disclosure you were given.