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What Missouri law allows
| Product | Status | APR cap | Amount | Term | License | Law |
|---|---|---|---|---|---|---|
| Payday loans[1][2][3] | Allowed | Fee cap | Up to $500 | 14 days to 31 days | Payday Lender license under Mo. Rev. Stat. 408.500-408.505, issued by the Missouri... | 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
Money snapshot for Missouri
Other options in Missouri
Worth checking whatever your credit: these can cost less than a high-rate loan.
- Emergency loans in Missouri: allowed under Missouri law; see its limits and license rules.
- Installment loans in Missouri: allowed under Missouri law; see its limits and license rules.
- Personal loans in Missouri: allowed under Missouri law; see its limits and license rules.
- Title loans in Missouri: allowed under Missouri law; see its limits and license rules.
- Credit union payday alternative loans (PALs). Federal credit unions may offer small loans of up to $2,000 with terms of up to 12 months and an APR no higher than 28%, under NCUA rules (12 CFR 701.21). You usually need to be a member.
- Nonprofit credit counseling. A counselor accredited by the National Foundation for Credit Counseling can help you build a budget or a debt management plan.
- Ask your creditor for a payment plan. Utilities, hospitals and many lenders offer hardship or extended payment plans if you ask before you miss a payment.
- Local assistance. Call 211, or visit 211.org, for emergency help with rent, utilities and food in Missouri.
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. Census Bureau, Population Division. Vintage 2024 National and State Population Estimates. 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.