What Missouri law allows
| Product | Status | APR cap | Amount | Term | License | Law |
|---|---|---|---|---|---|---|
| Payday loans[1][2][3] | AllowedHigh-cost loan | Fee cap | Up to $500 | 14 days to 31 days | Payday Lender license | Mo. Rev. Stat. 408.500-408.505 |
| Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow. | ||||||
The rules in full
Payday loans
- Rate cap
- No flat APR cap.
- Fees
- Interest and fees capped at 75% of principal across the initial loan plus renewals; renewals limited to a maximum of six; NSF fee up to $25; late fee up to 5% of the amount due if delinquent more than 15 days; loan term limited to 14-31 days.
- License
- Payday Lender license under Mo. Rev. Stat. 408.500-408.505, issued by the Missouri Division of Finance.
Full detail for every loan type: Missouri lending laws.
Help in Missouri
Rent and jobs in Missouri
Typical rent and the jobless rate, to weigh before a loan payment.
Other options in Missouri
Cheaper options to try first
Worth checking whatever your credit: these can cost less than a high-rate loan.
- Credit union payday alternative loans (PALs), capped at 28% APR under NCUA rules (12 CFR 701.21).
- Nonprofit credit counseling through the National Foundation for Credit Counseling.
- A payment plan from the company you owe, if you ask before you miss a payment.
- 211 for help with rent, utilities and food: call 211 or visit 211.org.
More cheaper options in Missouri.
Other loan types allowed in Missouri
- Personal loans in Missouri No rate limit in state law
- Installment loans in Missouri No rate limit in state law
- Emergency loans in Missouri No rate limit in state law
- Title loans in Missouri No rate limit in state law
Payday loans in nearby states
Sources
- columbiamissourian.com/news/state_news/missouri-lawmakers-pass-changes-to-payday-loans/article_c1b8ff11-9b85-5775-83ca-ccc249c7bd52.html. Retrieved September 23, 2026.
- finance.mo.gov. Missouri Division of Finance. Retrieved September 23, 2026.
- Justia. Mo. Rev. Stat. 408.500-408.505. Retrieved September 23, 2026.
- National Low Income Housing Coalition. Out of Reach 2026: Missouri. Retrieved September 23, 2026.
- U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.
Important disclosures
APRs vary by lender and state in Missouri. Each lender sets its own rates and terms and must show you the APR before you sign.
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- Questions about a lender licensed in Missouri? Contact the Missouri Division of Finance or file a state complaint.
- You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.