Personal Installment Loans in Wyoming
Primo Personal Loans is a direct lender serving Wyoming residents, including Cheyenne, Casper, and Gillette. Apply online in minutes for a personal installment loan of up to $75,000, get a decision the same business day, and repay on a fixed schedule you know before you sign.
Wyoming installment loans at a glance: Personal installment loans are legal in Wyoming and regulated under W.S. 40-14-101 through 40-14-702. You can borrow up to $75,000, with rates capped at 36% on loans ≤$1,000; 21% above. Lenders must disclose the full APR, finance charge and payment schedule before you sign. Wyoming also allows payday loans.
Rules current as of July 2026.
Personal Installment Loan Rules in Wyoming
Wyoming caps APR in tiers by loan amount — the full schedule is in the table below.
Governing law: W.S. 40-14-101 through 40-14-702
Rates & Terms for Personal Installment Loans in Wyoming
Personal installment loans in Wyoming are tiered by loan amount: 36% on principals up to $1,000, and 21% on principals from $1,001 to $75,000 (W.S. 40-14-310(g)). Loans above $75,000 are not covered under these statutes. A license is required to offer these loans (W.S. 40-14-302(b)).
APR Tiers by Loan Amount in Wyoming
Unlike flat-rate states, Wyoming law sets different maximum APRs depending on how much you borrow. Smaller loans may carry higher rates; larger loans are typically capped at a lower APR. The table below reflects the statutory maximums — lenders may charge less.
| Loan Amount Range | Max APR | Statutory Basis |
|---|---|---|
| Up to $1,000 | 36% max APR | W.S. 40-14-310(g) |
| $1,001 – $75,000 | 21% max APR | W.S. 40-14-310(g) |
APR tiers set by Wyoming law. Your exact rate depends on loan amount and lender.
What a Personal Installment Loan Costs in Wyoming
| Loan Amount | Term | APR (est.) | Total Interest | Total to Repay |
|---|---|---|---|---|
| $1,000 | 24 months | 36% | $414 | $1,414 |
| $5,000 | 24 months | 21% | $1,131 | $6,131 |
| $10,000 | 24 months | 21% | $2,262 | $12,262 |
In Wyoming, the APR cap is 36% for loans up to $1,000 and 21% for loans above $1,000, as per W.S. 40-14-310(g). The lender must provide a Truth-in-Lending disclosure showing the exact APR before signing.
What Wyoming Residents Should Know
Wyoming residents should be aware that personal installment loan rates are tiered: 36% APR for loans up to $1,000 and 21% for loans above $1,000. Verify the terms with your lender.
Consumer Protections in Wyoming
Consumers in Wyoming are protected under the Wyoming Uniform Consumer Credit Code, which requires lenders to be licensed. Credit insurance is allowed, and refunds for certain credit insurance products must be facilitated upon loan termination (W.S. 40-14-454).
Debt Collection Rules
- Criminal prosecution for non-payment: not permitted
Federal Consumer Protections for Installment and Payday Loan Borrowers
| Federal Law | What It Gives You | Citation |
|---|---|---|
| Truth in Lending Act / Regulation Z | Regulation Z protects consumers by requiring clear disclosure of key credit terms and costs. | 15 U.S.C. § 1601 et seq.; 12 CFR Part 1026 |
| Military Lending Act | The MLA caps the annual percentage rate at 36% for loans to active duty service members and their dependents. | 10 U.S.C. § 987 |
| Fair Debt Collection Practices Act / Regulation F | Regulation F governs the practices of debt collectors, prohibiting abusive, deceptive, and unfair practices. | 15 U.S.C. § 1692; 12 CFR Part 1006 |
| Fair Credit Reporting Act / Regulation V | Regulation V ensures accuracy and privacy of consumer credit information held by credit reporting agencies. | 15 U.S.C. § 1681; 12 CFR Part 1022 |
| Equal Credit Opportunity Act / Regulation B | Regulation B prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, or age. | 15 U.S.C. § 1691; 12 CFR Part 1002 |
| CFPB UDAAP authority | The CFPB can take action against unfair, deceptive, or abusive acts or practices in consumer financial products or services. | 12 U.S.C. § 5531, 5536 |
These federal protections apply in all 50 states regardless of state law. They set a baseline floor of consumer rights.
Full detail on each of these six federal protections, including what your lender must disclose before you sign and the 36% rate cap that applies to active-duty service members.
Federal Payday Lending Rules That Apply in Wyoming
Federal regulations, such as those from the CFPB and the Military Lending Act, apply in addition to state laws, providing an additional layer of consumer protection.
Wyoming Installment Loan Rules: FAQ
Yes. Personal installment loans are legal in Wyoming and regulated under W.S. 40-14-101 through 40-14-702. Lenders must hold a state license to make these loans. A licensed lender has to follow the state's limits on rates, loan size and fees, and disclose your APR, finance charge and full payment schedule before you sign.
Wyoming sets its installment loan rate ceiling by loan size rather than with one flat cap: 36% on loans ≤$1,000; 21% above under W.S. 40-14-101 through 40-14-702. Which tier applies depends on how much you borrow, and a lender may charge less than the maximum. The exact APR has to appear in your loan agreement before you sign.
In Wyoming, a licensed lender may write a personal installment loan of up to $75,000 under W.S. 40-14-101 through 40-14-702. Individual lenders often approve less than the state maximum based on your income and credit profile. Borrow only what the monthly payment leaves you able to cover.
Yes. Alongside installment lending, Wyoming permits payday loans under Wyo. Stat. § 40-14-362 to § 40-14-367. A payday loan there is capped at $400 and a term of up to 31 days. Rollovers are not permitted. A payday loan is a single lump-sum repayment tied to your next pay date, which makes it a different and usually far more expensive product than an installment loan repaid over months.
