Nevada is one of the states of U.S. where Payday Loans are legal. Although lenders are not allowed to give loans that is more than one-third of the borrower's monthly paycheck. Nevada is one of the few states where there is no law in regulating the rate of interest. There is no minimum or maximum term that a borrower may have a loan for, and there are absolutely zero laws dictating how much a lender can charge in interest. Nevada Payday Loans are provided by many lenders. But these laws regulate that a payday lender must be licensed.