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Rates and rules

Arizona Loan Rates and Rules

Who regulates consumer lending in Arizona, how rates are set, and how to check a lender and its rate before you borrow. For new requests SET Financial is not the lender: it connects Arizona residents with third-party lenders who set all rates and terms.

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This page is general information, not a rate quote. Not everyone who applies will be matched or approved.

Who regulates consumer lending in Arizona

In Arizona, companies that make consumer loans of $10,000 or less must hold a consumer lender license from the Arizona Department of Insurance and Financial Institutions and follow the state consumer lender law. Under that law (A.R.S. 6-632), licensed consumer lenders are subject to tiered rate caps, generally up to 36% on the first $3,000 of principal and 24% on the portion above $3,000, or a single blended rate. SET Financial does not set rates. The actual APR, fees, and repayment terms on any loan are set by the third-party lender you are matched with and disclosed in your loan agreement before you sign.

Regulator: Arizona Department of Insurance and Financial Institutions (DIFI).

How to check a lender before you borrow

Before you accept an offer, confirm the lender is licensed by checking the Arizona Department of Insurance and Financial Institutions and the NMLS Consumer Access database, and review the exact APR, fees, and payment schedule shown on your loan agreement.

Many consumer lenders are also listed on NMLS Consumer Access, a national database you can search for free to confirm a company's license status and history.

Search NMLS Consumer Access

The four numbers to compare on any offer

A regulator's rules tell you about the lender. These tell you about the loan. Whoever you borrow from, and whether or not you use this site, compare offers on the same four things:

  • APR. The annualized cost including most fees. It is the only number that lets you compare two different loans honestly.
  • Total repayment amount. Principal plus every finance charge over the full term. A lower monthly payment stretched longer often costs more overall.
  • Term and payment schedule. How many payments, how often, and the exact due dates measured against when you actually get paid.
  • Fees and prepayment terms. Origination, late, and returned-payment fees, and whether paying the loan off early saves you interest.

Your loan agreement is the number that governs

Federal Truth in Lending rules require the lender to disclose the APR, finance charge, amount financed, and total of payments on the loan agreement before you sign. Any rate you see in marketing, including on this site, is general information. The figures on your own signed agreement are what actually apply to your loan.

Common questions about Arizona rates

Who decides if I am approved and what rate I pay?

The third-party lender you are matched with makes all approval decisions and sets your APR, fees, and repayment terms. SET Financial cannot approve loans, guarantee approval, or set rates.

Who regulates consumer lenders in Arizona?

Companies making consumer loans of $10,000 or less in Arizona must be licensed by the Arizona Department of Insurance and Financial Institutions (DIFI) and follow Arizona consumer lender law, including the rate caps in A.R.S. 6-632.

What are the interest rate limits on Arizona consumer loans?

Under A.R.S. 6-632, licensed consumer lenders are generally limited to 36% on the first $3,000 of principal and 24% on the amount above $3,000, or a single blended rate. Your actual APR is set by the lender and disclosed in your loan agreement.

This page is general information about Arizona lending rules, not legal or financial advice, and it is not a rate quote. Rules change; confirm anything that matters to your situation with the Arizona Department of Insurance and Financial Institutions (DIFI) or a qualified advisor. SET Financial is not the lender on new requests and does not set the rates, fees, terms, or approval decisions of the third-party lenders in its network.

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