Bond cost index
Payday Lender Bond Cost
Payday lender bonds, also called deferred deposit or short-term lender bonds, are the surety bonds states require of licensed payday and short-term lenders. The bond guarantees compliance with the state's deferred deposit law and protects borrowers.
How much does a payday lender bond cost?
Bond amount is set by each state's regulator and often scales with the number of licensed locations or loan volume. Premium runs 1 to 3 percent of the bond amount for well-qualified lenders. Term is usually one to three years. Premium for a payday lender runs about 1% to 15% of the bond amount per year, set by underwriting based on credit and financials.
Data as of 2026-06-17. Methodology v1.
Bond amount is set by each state's regulator and often scales with the number of licensed locations or loan volume. Premium runs 1 to 3 percent of the bond amount for well-qualified lenders. Term is usually one to three years.
The bond amount for this bond is set by the obligee on a case-by-case basis rather than by a statewide statute, so there is no per-state table. These are estimated ranges, not quotes. Final premium is set by underwriting and depends on the bond amount, your credit and financials, the bond class, and the obligee. A firm number takes a short application.