Loans in Missouri: Payday & Installment Loan Options

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In Missouri you can borrow up to $500 from one payday lender, or take an installment loan of any amount repaid over at least 120 days. Missouri sets no interest rate cap, so the APR on your offer is the number to compare.

Check Your Options

Payday loan	Up to $500 owed to one lender, repaid in 14 to 31 days
Installment loan	Any amount, in 4 or more payments over at least 120 days
Rate cap	None; payday interest and fees can't top 75% of the loan
Example	$300 payday loan: at most $225 in charges, renewals included
You need	ID, proof of income and a bank account

Payday, Installment or Title? Compare the Costs

Missouri Loan Costs Without a Rate Cap

Loan	Repay	Cost
$300 payday	Once, in 14 days	~$46.75 at avg APR*
$300 payday, renewed	Up to 6 renewals	$225 at most (75%)
$1,000 installment	12 × $100.46	~$306 at 36%**
$3,000 installment	24 × $177.14	~$1,351 at 36%**

Worked out from Missouri law, not offers from lenders in our network; a lender can charge less.

*406.26%, the average APR Missouri payday lenders reported for October 2023 to September 2024. **A benchmark only: 36% is the federal limit for active-duty servicemembers, and offers can be higher. Includes the largest origination fee, $100.

Payday, Installment or Title: Missouri's Three Licensed Loans

	Payday loan	Installment loan
Amount	Up to $500 per lender	Any amount
Repay	In 14 to 31 days	4+ payments, 120+ days
Cost limit	75% of the loan, in total	No cap; fee up to $100
License type	Pay Day Lenders (500)	Consumer Installment (510)

Title loans are the third option: up to $5,000 against a car with a clear title, for at least 30 days, at any rate you agree to. From the third renewal, each one must cut the principal by 10%. More detail: Missouri payday loan rules and Missouri installment loan rules.

Missed a Payment? Missouri's 20-Day Right to Cure

On installment and title loans, the lender can't demand the full balance or repossess until 20 days after it sends you a notice of your right to cure.
Pay what's past due in that time and the loan goes on as before. On an installment loan this covers the first two defaults.
A late fee is allowed only once a payment is 15 days late, and it's capped at $50.

Asking for a Missouri Loan Through LendUp

Pick the loan: $500 or less, repaid in 14 to 31 days, is a payday loan; more money, or four or more payments over 120 days, means an installment loan.
Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
Compare the APR on every offer, since Missouri doesn't cap it, and check the lender's license below.

Check Your Options

Which License Type to Search in Missouri

Official lookup tool Missouri Division of Finance Bank & Licensee Search

Enter part of the company's name; add a city or ZIP code to narrow the list.
Under Type, pick Pay Day Lenders (500), Consumer Installment (510), Small Loan Companies (367) or Title Loan Companies (TL).
Match the license number, name and address to your loan agreement.

To complain, use the Division's online form or call (573) 751-3242; the process generally takes about 30 days.

Cancel a payday or title loan. Return the full principal by the close of the lender's next full business day, and you owe no interest or fees.
Unlawful payday terms are void. No Missouri judge or official may enforce a payday contract that breaks the payday law.
Military borrowers. Federal law caps most loans to active-duty servicemembers and covered family members at a 36% Military Annual Percentage Rate.

Common Questions

Which Missouri loan is easiest to qualify for?

No loan is guaranteed, and each lender sets its own standards. Payday loans are the smallest, at up to $500 per lender, and Missouri requires a payday lender to consider whether you can repay on time.

Can I get an online loan in Missouri with poor credit?

You can apply, and each lender decides whom it approves. Compare the APR on any offer, since Missouri sets no rate cap; on a payday loan, interest and fees still can't top 75% of the amount borrowed.

Can I borrow $3,000 in Missouri?

Not with a payday loan, which is limited to $500 per lender. You'd need an installment loan, repaid in at least four payments over 120 days or more, or a title loan of up to $5,000. At a 36% benchmark, $3,000 over 24 months is about $177.14 a month.

Is there an interest rate cap on loans in Missouri?

No. Lenders can charge any rate you agree to. The law caps fees instead, such as an origination fee of up to 10% or $100, and holds a payday loan's interest and fees to 75% of the amount borrowed.

Are title loans legal in Missouri?

Yes, from licensed title lenders: up to $5,000, for at least 30 days. From the third renewal you must pay down 10% of the principal each time, and if the lender isn't licensed, the loan is void and you owe only the principal.

Official Sources

General information, not legal advice. Facts on this page were checked against these sources on October 28, 2026.

LendUp isn't a lender. We pass your request to lenders in our network; offers aren't guaranteed, and we may earn compensation if a loan is funded.

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Loans in Missouri: Payday and Installment Options