Payday loans in Richmond, KY
This is Richmond in Madison County, Kentucky. It shows what $200, $300 and $400 cost to repay, how to vet a lender, and who handles energy bills in Madison County.
Send an online loan request from Richmond
Search results blur Richmond, Kentucky with Waco, Lexington and other states. In Madison County you need a plain answer on what it costs, who may lend it, and what to try first.
Free request and lender charges
Sending a request through Cumberland Finance is free. Cumberland Finance is not a lender and does not make credit decisions. If a lender makes you an offer, the amount, fee, APR and repayment terms come from that lender and appear in the loan agreement before you sign.
Approval and funding are not guaranteed
A request is not a decision and not a promise of timing. Some requests find no lender, and some lenders ask for more documents before saying yes or no.
Payday loan cost for $300
- Highest service fee Kentucky allows
- Check (or debit) amount
- Database fee, if charged
- Total you repay
- Annualized cost (APR illustration)
Upper-limit illustration under KRS 286.9-100: the fee is capped at 15% of the check, rounded down to the cent. A lender may charge less. Your actual fee, any database fee and the APR are in the lender's disclosure, which you see before you sign.
Cumberland Finance in Richmond
We serve Richmond and all of Madison County online. There is no office to visit: you send the request from your phone or computer, and a lender that approves you deposits the money to your bank account.
What to check before choosing a lender
Kentucky location and product
Payday lenders and installment lenders are different license types. A payday loan is repaid in a single payment, an installment loan in monthly payments. Before you apply, confirm the state, the lender's legal name and the product against the DFI licensee search.
Documents and written terms
Ask for the agreement in writing before you commit, and look for the fee, the due date, any database charge and the APR. Under Kentucky's rules a lender may not charge to renew or roll the loan over, may not threaten criminal charges over the check, and has to check the shared database for your open loans.
Estimate the full repayment
Cash received versus check face amount
Kentucky's fee ceiling applies to the face of your check, so a $300 loan needs a $352.94 check, not $345. The table shows three common amounts at the highest fee the law allows.
| Cash received | Fee at the ceiling | Check amount | Total if $3 database charge | 14-day cost, annualized |
|---|---|---|---|---|
| $200 | $35.29 | $235.29 | $238.29 | about 499% |
| $300 | $52.94 | $352.94 | $355.94 | about 486% |
| $400 | $70.58 | $470.58 | $473.58 | about 480% |
These are upper limits. A lender may charge less, and your agreement shows the true amounts. See how we calculate costs.
Check next income against essential bills
Your next pay, minus what must be paid before the one after, should still cover the repayment. If not, the loan only moves the problem two weeks.
Will repayment leave enough for your bills?
Nothing you type here leaves your device.
- Left after bills and repayment
Match the route to how soon you need the money
The Kentucky legal limits are identical for every licensed payday lender. What differs is time and cost, so decide which of these fits your deadline before you send anything.
Credit union small loans take planning
If you already belong to a credit union, ask whether it offers a small-dollar loan; federal credit unions may offer payday alternative loans (PAL I $200 to $1,000 over 1 to 6 months; PAL II up to $2,000 over 1 to 12 months; interest capped at 28% under NCUA rules). Some require a membership period first, which matters if you are planning ahead and not if the bill is due this week.
| If you need money in | Route to ask about | Reality check |
|---|---|---|
| A few days | An online request or an energy-assistance appointment | Neither is guaranteed; compare costs first |
| A few weeks | A hardship plan with the creditor | Often free; ask for it in writing |
| Several months | A small loan from a credit union you belong to | Some require a membership period before you can borrow |
Utility help in Madison County
Kentucky River Foothills
Foothills Community Action's energy assistance program includes LIHEAP and lists Madison County and Richmond directly. Its contact page shows the Richmond-Madison office. Help depends on the season, household income and funds, so we promise no voucher. Lexington's Fayette County agency serves a different county.
Prepare for the agency's intake
- A recent electric, gas or propane bill in the name of someone in the home.
- Identification for the household and proof of everyone's income.
- A disconnect or shutoff notice, if you have received one.
- An appointment: the program works by booking, so call or check the page first.
Keep this step separate from any loan request. Foothills does not need the details we collect.
Kentucky River Foothills
Madison County households with a utility bill they cannot pay.
Not a loan. Eligibility and funding are set by the agency each season.
Credit union small loans
People who already belong to a credit union.
If you already belong to a credit union, ask about a small-dollar loan. Federal payday alternative loans are capped at 28% interest under NCUA rules plus a fee up to $20, but not every credit union offers one. Ask yours.
Kentucky 211
Anyone who needs to find the right office.
Dial 2-1-1 for food, housing and utility referrals. A referral is not funding.
Richmond questions
Is this about Richmond, Virginia?
No. This page is about Richmond in Madison County, Kentucky. Kentucky's payday limits do not apply in Virginia, and Virginia's do not apply here, so check the state on any search result before using its numbers.
Is Cumberland Finance a Richmond payday lender?
No. Cumberland Finance is a free online request service with no Richmond office, and it does not lend money.
Can I request $300 and have it today?
You can request $300, but we cannot promise when or whether it arrives. A lender must review the request, and bank processing adds time. Same-day funding, if it happens, is a possibility that depends on the lender and your bank.
Where can I ask about a heating bill in Richmond?
Kentucky River Foothills Community Action runs the energy assistance program for Madison County. Its Richmond-Madison office takes appointments, and its page lists what to bring. Funding and eligibility depend on season, income and available money.
What does energy-assistance intake need from me?
Expect to bring a recent utility bill, identification for the household and proof of income, plus a shutoff notice if you have one. Foothills sets the exact list, so confirm it when you book. Never send those documents to us.
Does the payday calculator apply to installment loans?
No. It models a single payment on a check, which is how Kentucky payday loans work. An installment loan has monthly payments, its own fees and different state rules, so use the lender's disclosed figures or our installment page.
Send a free request from Richmond
One short online form. Lenders decide, and you choose whether to accept.
Prepared by the Cumberland Finance editorial team · Last reviewed October 28, 2026
We check Kentucky rules against the statute and the Department of Financial Institutions before we publish, and again when the law changes. Cumberland Finance is a loan request service, not a lender: how we work and how we are paid.
Spotted an error? Email [email protected] and we will correct it.
Sources
- Kentucky SB 219 (2026 Ky. Acts ch. 98), the payday loan statute
- Kentucky Department of Financial Institutions
- DFI licensee search
- DFI online complaint form
- CFPB: payday loans
- FTC: what to know about payday loans
- Kentucky River Foothills: energy assistance
- NCUA: payday alternative loans