Personal loans in Cody, WY
A personal loan is not the only option for residents of Cody, Wyoming, and it is rarely the cheapest one for a short-term need. Wyoming sets its own rules for consumer lenders, and the sourced table below names the regulator and the source for each figure. The practical effect is that comparing offers from lenders licensed in Wyoming is more meaningful than comparing national averages. Model two or three scenarios before you apply, so you know which terms are genuinely affordable. Nothing on this page is a loan offer, and no figure here is a quote.
What to know before you borrow in Wyoming
| Complaint / licensing lookup | Check whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the Wyoming Division of Banking; consumers can file complaints with the Wyoming Division of Banking or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026 |
|---|---|
| Payday lending | Permitted and regulated — maximum loan amount: None; maximum loan term: One calendar month.Source: National Conference of State Legislatures · as of 2023 |
| Small-loan / installment licensing | Consumer lenders must obtain a state license (Yes; if interest rate is greater than 10% per year (otherwise, registration is required)).Source: Conference of State Bank Supervisors · as of 2026 |
| Interest rate cap (usury limit) | Usury limit: 7% (Wyo. Stat. Ann. § 40-14-106 (2020)). Finance rates and fees for licensed lenders: The greater of: 36% per annum on the portion not exceeding $1,000 21% per annum on the remainder exceeding $1,000 OR 21% per annum.Source: Conference of State Bank Supervisors · as of 2026 |
See all Wyoming lending rules →
Compare offers in Cody
Use the APR calculator if an offer quotes an interest rate and a separate fee - the APR is the number that lets you compare it fairly with other offers.
Then check affordability with the debt-to-income calculator before you submit an application.
Check your rate with a lending partner in about two minutes. Checking does not affect your credit score.
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Frequently asked questions
Is a personal loan in Wyoming unsecured?
Most personal loans are unsecured, meaning no collateral is pledged. Some lenders offer secured personal loans backed by a savings account or other asset, which may carry a lower rate.
Will applying for a loan in Cody affect my credit score?
A pre-qualification check is typically a soft inquiry and does not affect your score. A full application is usually a hard inquiry, which can have a small, temporary effect.
What should I compare between two loan offers in Cody?
Compare the APR rather than the interest rate, the term, any origination fee, and whether there is a prepayment penalty. The total amount repaid is the clearest single number.
Are payday loans available in Wyoming?
Wyoming has its own rules for short-term credit, which the sourced table above describes. Where a state restricts a product, lenders either change the terms or stop offering it locally.
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