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Customers are often curious to know what the maximum amount they can borrow with a payday loan is. At Finger Finance we offer payday loans of up to $2,000 and this is the absolute maximum amount you can borrow, unless you look at installment loans which are repaid over longer periods of time (up to 60 months).


  • You can usually borrow between $100 and $2,000 for a payday loan in the USA
  • If you want to borrow more than this, you might look at an installment product
  • You typically cannot borrow more because they are designed to be small amounts for emergency purposes
  • You can take out the max based on your income and affordability
  • There are limits in the USA, with some states allowing just one loan open (Illinois and Ohio) and some allowing two (e.g Texas and Nevada)


Why Can’t I Borrow More?

Payday loans are quick and easy to obtain, which means it might feel frustrating that you can’t borrow more money. The reality is that in the long run you do not want to be borrowing out a large amount of money using a payday loan.

Payday loans are designed to be used for a few weeks or a few months to tide you over until you have a few more paychecks. They are quick and easy to apply for which makes them perfect for sudden financial emergencies, but they should not be used as a long-term borrowing strategy. They are not designed to be used for long term borrowing or for borrowing large amounts.

Interest rates are often comparatively high for payday loans online so if you need a large amount of money it’s a good idea to turn to a more traditional lender. If you’re not sure what kind of loan you’re looking for but you feel that you need to borrow more than $2,000, seek the support of a financial advisor who can offer impartial and sometimes even free advice.


Empty wallet, woman has no cash, in need of a loan


Will I Be Able to Get $2,000?

The answer to this question will depend on who you are. Not everyone will be able to borrow the maximum amount available with a payday loan. How much we are able to offer you as a loan, for example $2,000, will depend on a number of factors. Firstly lenders will take your income into consideration when deciding how much to lend you.

If you have a very high monthly income chances are lenders will be happy to offer you the full amount. Whereas if you’re on a much lower-income, chances are you’ll be offered a small loan. lenders do this to ensure that borrowers are able to repay their loans and don’t become overwhelmed by debt.

Lenders will also take your credit history into account when considering how much to loan you. Your credit score could play a role in deciding how much a lender offers you. If you have no credit history and haven’t borrowed money before, it’s likely that lenders will offer you a small loan to start with. This will allow you to build your credit history until lenders feel confident to give you a bigger loan.


Can I Have More Than One Payday Loan at Once?

In some cases it may be possible to have more than one payday loan of the time, however new rules across America are limiting people’s access to payday loans and especially more than one payday loan. These rules have been put in place by the Consumer Financial Protection Bureau (CFPB), and are designed to protect borrowers from accruing large amounts of debt. Payday loans should only be used as a short-term measure to fill a financial gap and it is not wise to take out more than one payday loan.

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Charlotte Diffey

Charlotte is an expert writer with lots of experience in the financial world. Read her articles for useful guides on payday loans and advice on how to boost your savings.