What a loan can cost in Wyoming
Examples at an illustrative rate, never above Wyoming's cap for the amount. They are not quotes.
Representative example
- Amount borrowed
- $500
- Annual percentage rate (APR)
- 29.99%
- Repayment
- 12 monthly payments
- Payment
- $48.74
- Finance charge
- $84.88
- Total of payments
- $584.88
Example: a $500 installment loan at 29.99% APR repaid in 12 monthly payments of $48.74 costs $584.88 in total, including a finance charge of $84.88. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.
Representative example
- Amount borrowed
- $1,000
- Annual percentage rate (APR)
- 29.99%
- Repayment
- 12 monthly payments
- Payment
- $97.48
- Finance charge
- $169.76
- Total of payments
- $1,169.76
Example: a $1,000 installment loan at 29.99% APR repaid in 12 monthly payments of $97.48 costs $1,169.76 in total, including a finance charge of $169.76. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.
Representative example
- Amount borrowed
- $3,000
- Annual percentage rate (APR)
- 26%
- Repayment
- 12 monthly payments
- Payment
- $286.59
- Finance charge
- $439.08
- Total of payments
- $3,439.08
Example: a $3,000 installment loan at 26% APR repaid in 12 monthly payments of $286.59 costs $3,439.08 in total, including a finance charge of $439.08. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.
Resources in Wyoming
Free and low-cost help in Wyoming, each with its official link and the date we checked it.
Lending regulator and complaints
Wyoming Division of Banking licenses lenders in Wyoming.
Check a lender's license File a complaint
wyomingbankingdivision.wyo.gov Checked September 23, 2026
Attorney general consumer protection
Takes complaints about scams and unfair debt collection.
ag.wyo.gov Checked September 23, 2026
211
Help with rent, utilities, food and other urgent bills.
search.wyoming211.org Checked September 23, 2026
Legal aid
Free civil legal help if your income is low; income limits vary.
lawyoming.org Checked September 23, 2026
Nonprofit credit counseling
Help with a budget or a debt management plan.
nfcc.org Checked September 23, 2026
Benefits portal
Check whether you qualify for food, cash or other benefits in Wyoming.
dfs.wyo.gov Checked September 23, 2026
Federal complaints
Complaints about any lender, to the Consumer Financial Protection Bureau.
Submit a complaint to the CFPB
consumerfinance.gov Checked September 23, 2026 Available in Spanish
Cheaper options to try first
Worth checking whatever your credit: these can cost less than a high-rate loan.
- Credit union payday alternative loans (PALs). Federal credit unions may offer small loans of up to $2,000 with terms of up to 12 months and an APR no higher than 28%, under NCUA rules (12 CFR 701.21). You usually need to be a member.
- Ask your creditor for a payment plan. Utilities, hospitals and many lenders offer hardship or extended payment plans if you ask before you miss a payment.
- Credit-builder loans: a small loan held in savings while you pay it off, which can help build a payment history.
- Secured credit cards: a card backed by a deposit you make, which can help build credit when you pay on time.
The rules lenders follow in Wyoming
Each rule links to its source. How we research state rules.
Allowed in Wyoming: installment and personal loans, title loans and payday loans.
| Product | Status | APR cap | Amount | Term | License | Law |
|---|---|---|---|---|---|---|
| Installment and personal loans[1][2][3][4][5] | Allowed | 36% APR (top tier) | Up to $50,000 | Not set by statute | Consumer Lender license | Wyo. Stat. sec. 40-14-302, 40-14-304, 40-14-310, 40-14-348 |
| Title loans[3][5] | AllowedHigh-cost loan | 36% APR (top tier) | Not set by statute | Not set by statute | Consumer Lender license | Wyo. Stat. sec. 40-14-302, 40-14-304, 40-14-348 |
| Payday loans[6][3] | AllowedHigh-cost loan | Cap set in statute | Not set by statute | Up to 31 days | Post-Dated Check Casher license | Wyo. Stat. sec. 40-14-362, 40-14-363 |
| Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow. | ||||||
Bars place each APR cap on a 0 to 400% scale; the pin marks the cap. A striped bar means the statute sets no numeric cap.
Rate, fee and license rules in Wyoming
Installment and personal loans
- Rate cap
- Wyoming Uniform Consumer Credit Code (UCCC). Non-supervised consumer loans (W.S. sec. 40-14-310, referenced): loan finance charge, actuarial method, may not exceed 10 percent per year on unpaid principal. Any loan carrying a rate above 10 percent per year is a 'supervised loan' requiring a Consumer Lender license, and its rate is instead governed by W.S. sec. 40-14-348: for initial principal up to 50,000 dollars, the greater of (a) a tiered rate of 36 percent per year on the unpaid balance up to 1,000 dollars and 21 percent per year on the unpaid balance over 1,000 dollars, or (b) an alternative minimum-charge formula in the statute.
- Fees
- Tiered rate structure described above.
- License
- Consumer Lender license under W.S. sec. 40-14-302/40-14-304, issued by the Wyoming Division of Banking (Department of Audit).
Title loans
- Rate cap
- Wyoming has no separate motor-vehicle-title-loan statute or license category; a vehicle-title-secured consumer loan would be made under the general Consumer Lender / UCCC framework (see installment product) and would be classified as a supervised loan subject to the sec. 40-14-348 tiered rate cap (36 percent per year up to 1,000 dollars principal, 21 percent per year above that, or the alternative formula) if the rate exceeds 10 percent per year.
- Fees
- Same as installment/supervised-loan structure under sec. 40-14-348; no title-loan-specific fee schedule exists.
- License
- Consumer Lender license under W.S. sec. 40-14-302/40-14-304 (the Wyoming Division of Banking's license-type list for consumer lending does not separately name 'title lender'); state law allows title loans, regulated as a form of secured consumer/supervised loan.
Payday loans
- Rate cap
- Post-dated check / payday loans, W.S. sec. 40-14-363: no post-dated check finance charge may exceed the greater of 30 dollars or 20 percent per month on the principal balance (equivalent to roughly 240 percent per year at the 20 percent/month rate, though the statute expresses the cap per month, not as an annualized figure).
- Fees
- Greater of 30 dollars or 20 percent per month on principal balance.
- License
- Post-Dated Check Casher license under W.S. sec. 40-14-362/40-14-363, issued by the Wyoming Division of Banking.
Rent and jobs in Wyoming
Typical rent and the jobless rate, to weigh before a loan payment.
Guides for Wyoming borrowers
Check your options in Wyoming
Wyoming questions
Does Wyoming law allow payday loans?
Wyoming law allows payday loans. State law sets a cost limit. Source: Wyo. Stat. sec. 40-14-362, 40-14-363.
What is the most a lender can charge in Wyoming?
By loan type in Wyoming: Installment and personal loans: 36% APR (top tier). Title loans: 36% APR (top tier). Payday loans: Cap set in statute.
Where can I file a complaint about a lender in Wyoming?
You can file a complaint with Wyoming Division of Banking, and you can also submit one to the Consumer Financial Protection Bureau. Both links are under Resources in Wyoming on this page.
How do I check a lender's license in Wyoming?
Wyoming Division of Banking licenses lenders in Wyoming. Use the license link under Resources in Wyoming on this page to check a lender before you share your information.
Is there free help paying bills in Wyoming?
Yes. Resources in Wyoming on this page lists free help, including 211, legal aid, nonprofit credit counseling and benefits portal.
Nearby states
- ColoradoAllowed Limit depends on loan size
- MontanaAllowed 36% APR
- UtahAllowedNo rate limit in state law No rate limit
- IdahoAllowedNo rate limit in state law No rate limit
- South DakotaAllowed 36% APR
Sources
- Justia. law.justia.com/codes/wyoming/2018/title-40/chapter-14/article-3/section-40-14-310. Retrieved September 23, 2026.
- Justia. law.justia.com/codes/wyoming/2011/title40/chapter14/section40-14-348. Retrieved September 23, 2026.
- wyomingbankingdivision.wyo.gov. Wyoming Division of Banking. Retrieved September 23, 2026.
- wyomingbankingdivision.wyo.gov/how-to-file-a-complaint. Retrieved September 23, 2026.
- Justia. Wyo. Stat. sec. 40-14-302, 40-14-304, 40-14-310, 40-14-348. Retrieved September 23, 2026.
- Justia. Wyo. Stat. sec. 40-14-362, 40-14-363. Retrieved September 23, 2026.
- National Low Income Housing Coalition. Out of Reach 2026: Wyoming. Retrieved September 23, 2026.
- U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.
Important disclosures
APRs vary by lender and state in Wyoming. Each lender sets its own rates and terms and must show you the APR before you sign.
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- Questions about a lender licensed in Wyoming? Contact the Wyoming Division of Banking or file a state complaint.
- You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.