Background
PaydayHawaii is a 100% locally owned and operated payday loan provider serving the Hawaiian Islands. The company is dedicated to offering fast, friendly, and easy financial services to local residents who may not have access to traditional banking or need quick cash for emergencies. PaydayHawaii emphasizes transparency, compliance with industry best practices, and a commitment to fee-based financial services without surprise charges.
History
PaydayHawaii was founded in 2000 by Craig Schafer, who opened the first location in Kapaa, Kauai, after recognizing a need for payday lending services on the island. The business quickly gained popularity, expanding to seven locations across three Hawaiian islands within its first year. The company’s clientele primarily consists of young, working families who have not yet built up savings and value the convenience of quick, local service.
Types of Loans and Fees Charged
Loan Types: Payday loans (cash advances) up to $600, designed for short-term borrowing until the borrower’s next paycheck.
Loan Amounts: Up to $600, as regulated by Hawaii state law.
Repayment Terms: Typically due on the borrower’s next payday, usually within 14–30 days.
Interest Rates & Fees: Hawaii law caps payday loan fees at 15% of the loan’s face value, which equates to an APR of up to 459%. For example, a $400 loan would carry a $60 upfront fee. If the loan is renewed, additional fees apply, and the total cost can increase significantly if not repaid on time.
Rollover Policy: Rollovers are allowed, but repayment plans must be offered after a renewal.
Locations
PaydayHawaii operates multiple storefronts across three Hawaiian islands, including:
333 Dairy Rd Ste 109, Kahului, HI 96732
3-2600 Kaumualii Hwy Ste 1608, Lihue, HI 96766
Additional locations on Kauai, Maui, and Oahu
States Where Loans Are Offered and Not Offered
Available States: Hawaii only
Unavailable States: Not available outside Hawaii
How to Contact PaydayHawaii
Website: www.paydayhawaii.com
Kahului Location Phone: (808) 871-6200
Lihue Location Phone: (808) 632-0881
Business Hours: Typically 9:30 AM – 9:00 PM (hours vary by location)
PaydayHawaii is known for its local staff and commitment to serving the community with fast, confidential, and reliable financial services.
