Legislative Negotiators Agree To End Payday Loans In Hawaii By 2022 - Honolulu Civil Beat The bill would replace the high-interest loans with installment loans that have lower fees. Reading time: 3 minutes. A bill to end payday loans in Hawaii and replace them with lower interest installment loans is on its way to the full House and Senate for a vote after legislative negotiators reached an agreement on the measure Tuesday afternoon. The final version of House Bill 1192 allows consumers to take out an installment loan as high as $1,500 with a 36% annual interest cap, Rep. Aaron Johanson said, adding that lenders can also charge a monthly fee up to $35 depending on the size of the loan.