Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Missouri, payday loans are regulated by the Division of Finance. While the state allows for high-interest short term loans, there are specific limits on total interest and fees. For a standard payday loan, the total interest and fees cannot exceed 75% of the initial loan amount over the life of the loan. For example, on a $100 loan, you cannot be charged more than $75 in total fees and interest. Installment loans, which are for larger amounts over longer periods, carry different rate structures based on the lender's license and the loan's duration.
Annual Percentage Rate (APR)
200% - 1,500% (varies by loan type and lender)
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $100.00 | 14 Days | 391.07% | $15.00 | $115.00 |
| $300.00 | 30 Days | 233.33% | $57.53 | $357.53 |
| $500.00 | 14 Days | 391.07% | $75.00 | $575.00 |
The figures above are a representative example only. Actual APRs, fees, and terms will vary based on the specific lender you are matched with, your creditworthiness, and Missouri state law. Always review your loan agreement for exact costs.
State-Specific Information — Missouri
Maximum Loan Amount: $500 for payday loans
Rate Cap: 75% of principal in total interest/fees
Regulations: MO Rev Stat § 408.500 | Max Loan: $500 | Term: 14-31 days | 6 Rollovers allowed with principal reduction
Licensing: Lenders must be licensed by the Missouri Division of Finance under the Small Loan Act or Payday Loan Act.