Alabama state has introduced specific payday loan laws. The permitted fees should not excess 17.5% of the amount loaned. The permitted term period is between 10 and 31 days.

The maximum allowed amount of the loan is exactly $500.00 and no more than 1 rollover is allowed with the same customer. If the customer is not able to pay back the remaining balance in full the designated date, the payday loan lender may offer the borrower another repayment option of 4 equal monthly payments of the due amount. If check bounces on the date of presentment due to insufficient funds, the lender may add an extra charge.

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