Billings, MT · West · 36% APR cap
Payday loans in Billings
Billings is governed by Montana's statewide lending law — cities don't set their own loan rules. Montana does not license classic two-week payday pricing: a 36% APR cap keeps typical payday fees out of the market. The storefronts that remain sell installment products under that cap.
Classic payday pricing is not licensed here, so treat any two-week, high-fee offer as a red flag.
Lending storefronts in Billings
110,323 residents · Yellowstone County Median household income is $51,012 — above the Montana median of $45,258.
2 storefront locations of 2 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 |
|---|---|---|---|
| Aspen Financial Auto Loan Providers, Debt Relief Services, Installment Loans | 520 Wicks Ln Ste 10, 59105 | (406) 839-9222 | Mon–Fri 8:30 AM - 5:00 PM · Sat–Sun Closed |
| Bighorn Financial Auto Loan Providers, Debt Relief Services, Installment Loans | 937 Grand Ave Ste B, 59102 | (406) 969-1470 | Mon–Fri 9:00 AM - 5:00 PM · Sat–Sun Closed |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Montana page before visiting. Spot an error? Report it.
The online route in Billings
Online lenders can serve Billings without a storefront — but Montana's 36% cap reaches any lender licensed in the state, wherever it is based. Loans routed through partner banks or tribal charters sit outside that cap, and regulators dispute the structure.
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 Montana regulator.
The rules behind the numbers
Under Montana law (Initiative 164), interest and fees on payday loans are capped at 36% APR.
Statute: Mont. Code Ann. § 32-5-101 et seq.
Regulator: Montana Division of Banking and Financial Institutions · banking.mt.gov
Questions people ask in Billings
Why doesn't Billings have classic payday stores?
Montana caps small-loan APR at 36%, and that state cap applies in Billings exactly as everywhere else. At 36% a two-week $300 loan earns a lender about $4 — so classic payday pricing can't legally operate here.
What can I legally borrow in Billings?
Installment loans priced under the 36% cap, federal credit-union PALs, and employer advances are the lawful routes. Any storefront or site advertising two-week, high-fee payday pricing to Billings residents is not licensed here.
What lending storefronts are in Billings?
2 storefronts are listed in Billings in our 2022-02-20 directory snapshot (2 different companies). The full list with addresses, phones and hours is in the table above.
Who enforces the cap in Billings?
Complaints about a lender go to the Montana Division of Banking and Financial Institutions (banking.mt.gov) — keep the loan agreement and every fee disclosure you were given.