- Payday loans in Elberta follow Alabama law (Alabama Deferred Presentment Services Act).
- Borrowing $300 at the state maximum costs $52.50 (17.5% fee).
- The nearest larger city is Foley, about 5 miles away.
Elberta at a glance
| Elberta | |
|---|---|
| Population (2024 Census estimate) | 2,147 |
| Change since 2020 | +7% (growing fast) |
| County | Baldwin County |
| Size rank among 389 Alabama places we cover | 177th |
| Nearest larger city | Foley (about 5 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Baldwin County | 1 |
| Other towns within 25 miles | 11 (about 128,736 residents) |
| Typical payday APR statewide (CRL 2023) | 456% |
Payday lending in Elberta follows Alabama state law. Lenders that serve Elberta, in a store or online, must be licensed by the Alabama State Banking Department.
Credit unions near Elberta
No credit union has its main office in Elberta, but these are based elsewhere in Baldwin County (NCUA, June 2026):
- Baldwin County Federal Credit Union in Bay Minette (federal charter — may offer payday alternative loans (PALs))
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Elberta
The main Alabama rules for a payday loan in Elberta: maximum loan: $500 outstanding in total (checked through a statewide database); maximum fee: 17.5% of the amount advanced; loan term: 10 to 31 days. See the full Alabama payday loan rules.
What a $300 loan costs in Elberta
The Center for Responsible Lending put the typical APR on a $400 payday loan in Alabama at 456% (June 2023). For $300 at the state maximum, expect $52.50 (17.5% fee). Check any offer with our payday loan calculator.
Other help in Baldwin County before you borrow
- Call or text 211 for help with rent, utilities and food in Baldwin County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Elberta
- Foley · 5 mi
- Orange Beach · 6 mi
- Perdido Beach · 6 mi
- Summerdale · 9 mi
- Gulf Shores · 9 mi
- Magnolia Springs · 11 mi
The nearest larger city is Foley, about 5 miles away. See all 389 Alabama cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Elberta?
Yes. Payday loans are legal in Elberta under Alabama state law, and lenders must be licensed by the Alabama State Banking Department.
How much does a payday loan cost in Elberta?
At Alabama’s maximum fee, borrowing $300 costs $52.50 (17.5% fee). The typical statewide APR was 456% in 2023.
Where is the nearest credit union to Elberta?
No credit union is headquartered in Elberta, but Baldwin County Federal Credit Union is based in Bay Minette, also in Baldwin County.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- NCLC — Consumer Credit Regulation: Alabama
- Lexology — Alabama establishes payday loan database
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary