Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / ND
Personal loans, banking, insurance, and debt help in North Dakota
North Dakotans use personal loans for debt consolidation, unexpected expenses, home improvement, and major life events, under a relatively new flat 36% rate cap adopted in 2021.
26lenders in the dataset
NDstate guide
$1,256/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in North Dakota
North Dakotans use personal loans for debt consolidation, unexpected expenses, home improvement, and major life events, under a relatively new flat 36% rate cap adopted in 2021.
Interest-rate law
The Money Brokers Act caps licensed money brokers and lenders at a flat 36%, regardless of dollar amount, with no tiering by loan size. This is a recent protection: North Dakota had no cap at all on non-bank installment loans over $1,000 until 2021. A 2025 amendment (HB 1127) broadened the definition of "loan" to potentially capture products like merchant cash advances.
| Loan range | Rate | Statute |
|---|---|---|
| Any amount | 36% flat | Money Brokers Act |
Lender complaints: North Dakota Department of Financial Institutions
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
Happy Money
- Credit profile
- Good
- APR range
- 7.95% – 35.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Reach Financial
- Credit profile
- Not specified
- APR range
- 5.99% – 35.99%
- Loan amount
- $3,500 – $40,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
US Bank
- Credit profile
- Not specified
- APR range
- 8.74% – 24.99%
- Loan amount
- $1,000 – $50,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
60MonthLoans
- Credit profile
- Fair
- APR range
- 25% – 36%
- Loan amount
- $2,600 – $10,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
NetCredit
- Credit profile
- Poor
- APR range
- 34% – 99.99%
- Loan amount
- $1,000 – $10,000
Poor or limited credit
OneMain Financial
- Credit profile
- Poor
- APR range
- 18% – 35.99%
- Loan amount
- $1,500 – $20,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
03 / Debt consolidation
Debt consolidation
North Dakota's flat 36% cap applies regardless of loan size, so a debt consolidation loan priced anywhere near that ceiling isn't likely to save much over a typical credit card APR; look for a rate meaningfully below 36%.
04 / Banking and credit unions
Banking in North Dakota
National banks offer scale and convenience, while North Dakota-based regional and community banks compete on relationship banking and faster local lending decisions.
Banks listed
- Bell BankHeadquartered in Fargo, ND.
- Bremer BankHeadquartered in St. Paul, MN, with a significant North Dakota presence.
- US BankNational bank, headquartered in Minneapolis, MN.
- Wells FargoNational bank.
- AlerusHeadquartered in Grand Forks, ND.
- Gate City BankHeadquartered in Fargo, ND.
- Dacotah BankHeadquartered in Aberdeen, SD, with a significant North Dakota presence.
Credit unions
North Dakota's credit unions are member-owned, not-for-profit institutions that often post lower loan rates and fewer fees than comparable bank products, with membership tied to living, working, or having other ties to a specific group.
About 2.0% year-over-year median membership growth (Q4 2025 NCUA data), compared to a national median of about -0.5%, though median loan growth was negative (about -2.2%).
Tied to the state's populist banking history: the same Nonpartisan League movement that created the Bank of North Dakota (1919) fostered farmer-founded credit unions in the 1930s-40s. State-chartered credit unions can make significantly larger loans to farmers and ranchers than federal rules typically permit; ten of the state's 36 credit unions rank among the top 39 agricultural lenders nationwide.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Legal; regulated under a UDMSA-influenced regime administered by the North Dakota Department of Financial Institutions, requiring registration and a bond. Fees generally cap around 30% of savings under UDMSA, though the exact ND-specific figure needs confirmation. A state-specific consumer warning disclosure is required before enrollment.
Companies listed in the dataset
06 / Insurance
North Dakota insurance
Regulator
North Dakota Insurance Department
Insurance regulator websiteAuto insurance
25/50/25
North Dakota requires $25,000 per person / $50,000 per accident bodily injury liability plus $25,000 property damage liability. PIP, uninsured motorist, and underinsured motorist coverage are also required (no-fault state up to a threshold).
Homeowners and renters
$1,256/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $114/yr
Renters insurance ranks dead last (51st) nationally for average cost. North Dakota faces severe thunderstorms, hail, tornadoes, harsh winter storms, and spring flooding along the Red River.
07 / Questions
North Dakota FAQs
How do I file a complaint against a lender in North Dakota?
Contact the North Dakota Department of Financial Institutions, which licenses and supervises consumer lenders operating in North Dakota.
How do I file a complaint against my insurance company in North Dakota?
File with the North Dakota Insurance Department.
What's the maximum interest rate a lender can legally charge on a personal loan in North Dakota?
36% flat for any licensed money broker or lender under the Money Brokers Act, applying regardless of dollar amount. This cap was only imposed in 2021.
What credit score do I need for a personal loan in North Dakota?
It depends on the lender. Banks and credit unions typically want a FICO score of 700+; FinTech lenders work with fair credit (low-to-mid 600s); some lenders serve poor or limited credit at higher APRs.
Are payday loans legal in North Dakota, and are there caps on fees or loan amounts?
Yes. Payday loans are capped at $500, with a combined outstanding balance limit of $600 across all lenders, a maximum 60-day term, and finance charges capped at 20% of the amount advanced (roughly 480%-520% APR). Lenders must wait at least three business days before issuing another payday loan to the same borrower.
How long can a debt collector legally pursue an unpaid debt in North Dakota before the statute of limitations runs out?
6 years for written contracts, oral contracts, and open accounts (N.D. Cent. Code § 28-01-16). Contracts for the sale of goods under the UCC get a shorter 4-year window. Payment or acknowledgment can restart the clock.
What's the difference between a debt consolidation loan and debt settlement for someone living in North Dakota?
A debt consolidation loan pays off debts in full with newly borrowed money at a fixed schedule, letting credit recover quickly. Debt settlement negotiates reduced balances but requires stopping payments first, damaging credit, and forgiven amounts can be taxable. North Dakota requires debt settlement companies to register and follow a UDMSA-influenced fee structure.
