Sacramento payday loan rates are set by California’s Deferred Deposit Transaction Law (Cal. Fin. Code §§ 23035–23037). Snap Loans Cash is free to use — we never charge you a fee. The costs below are the maximums a licensed California lender may charge; your actual rate and fees come from the lender and appear in your loan agreement before you accept.
Loan Rules in California: Rates & Terms at a Glance
| Item | California limit |
|---|---|
| Maximum loan amount | $300 (face amount of the check) |
| Maximum fee | 15% of the check (max $45 on a $300 check) |
| Maximum term | 31 days |
| Rollovers | Prohibited |
| Outstanding loan limit | One transaction at a time (statewide database) |
APR example: a $300 loan with a $45 fee (15%) over a 14-day term is roughly a 460% APR. Source: California DFPI; statute: Cal. Fin. Code §§ 23035–23037. Verified July 15, 2026.
California loan rules at a glance
| Rule | California limit |
|---|---|
| Legal status | Legal and regulated |
| Maximum loan amount | $300 (face amount of the check) |
| Maximum term | 31 days maximum |
| Finance charge cap | Up to 15% of the check amount (max $45 on a $300 check) |
| Rollovers | Rollovers prohibited (§ 23037); only one deferred deposit transaction outstanding at a time (§ 23036.5 statewide database) |
| Cooling-off period | No statutory rescission/cooling-off confirmed; the one-loan-at-a-time rule is the operative protection |
| Statute | Deferred Deposit Transaction Law (CDDTL) — Cal. Fin. Code §§ 23035–23037 & 23036.5 |
Source: California Department of Financial Protection and Innovation (DFPI) · Rules verified July 15, 2026