What is the Montana 36% interest rate cap?
Approved by Montana voters in 2010 (Initiative 164), MCA § 32-5-301 caps all consumer loans at 36% APR inclusive of all fees and charges.
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Personal Loans in Montana
InstantLoans.ai connects residents of Montana with independent third-party lenders operating in accordance with Montana Consumer Loan Act - MCA § 32-5-101 et seq. (Initiative 164).
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Last Updated: June 15, 2026
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Editorial Policy & Integrity PactMontana Regulatory Overview
Governing Statute
Montana Consumer Loan Act - MCA § 32-5-101 et seq. (Initiative 164)
Primary legal framework regulating consumer loans and borrower protections.
Statutory APR Limit
36.00% all-inclusive APR cap enacted via voter-approved Initiative 164
Annual percentage rates comply with state usury and consumer credit caps.
Maximum Network Loan
Up to $35,000
Prepayment allowed at any time with zero penalty under state statute.
Understanding Loan Protections in Montana
Under Montana Initiative 164, all consumer loans are strictly capped at 36.00% APR. The Division of Banking and Financial Institutions aggressively polices non-compliant lenders.
Guaranteed Borrower Rights
- ✓ Strict voter-mandated 36.00% APR ceiling
- ✓ No hidden fees or add-on products that push APR over 36%
- ✓ Loans violating the 36% cap are unenforceable under Montana law
How InstantLoans.ai Works in Montana
1. Connect
Submit your information securely. We ping our network of participating independent lenders.
2. Review Offers
If a lender accepts your request, review their specific rates, fees, and terms independently.
Frequently Asked Questions in Montana
What happens if a lender violates Montana's 36% cap?
Under Montana law, loans issued in excess of 36% APR are void, and the lender loses the right to collect principal or interest.