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States Missouri Payday Loans

Payday Loans in Missouri

Page last reviewed: October 28, 2026 · Reviewed for accuracy by Peter Kizza

Missouri allows payday loans of up to $500 owed to any one licensed lender, repaid in 14 to 31 days. There's no rate cap, but interest and fees on the loan and all its renewals can't add up to more than 75% of what you borrowed.

Check Your Options
Borrow Up to $500 per lender and its affiliates, for 14 to 31 days
Cost cap Total interest and fees can't top 75% of the amount borrowed
Example $500 borrowed: at most $375 in charges, renewals included
Renewals Up to 6, paying down at least 5% of the loan each time
You need ID, proof of income and a bank account; you confirm the $500 limit
See What It Can Cost How Renewals Work

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What $100 to $500 Can Cost Under Missouri's 75% Cap

Loan14 days, avg APRMost in total
$100~$15.58$75
$300~$46.75$225
$500~$77.91$375

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

Missouri doesn't set a fee per $100. Lenders charge simple interest on the principal at the rate you agree to. The 14-day column uses 406.26%, the average APR lenders reported for October 2023 to September 2024; yours may be higher or lower.

  • A loan of 30 days or longer can add an origination fee of up to 10% of the principal: $30 on $300.
  • A returned payment can cost up to $25, plus your bank's actual charge. Nothing else is allowed, including a fee to cash the loan check.

Need more than $500, or longer to repay? An installment loan can be any amount and runs at least 120 days. See Missouri installment loan rules.

How Renewals Work: Six at Most, 5% Down Each Time

Missouri doesn't require an extended payment plan. Instead, the lender must renew your loan if you ask in writing and pay the interest and fees due. From the first renewal, you also pay down at least 5% of the original loan: $15 on $300.

PeriodInterestTotal so far
First 14 days$46.75$46.75
Renewal 1$44.41$91.16
Renewal 2$42.07$133.23
Renewal 3$39.74$172.97
Renewal 4$37.40$210.37
Renewal 5$14.63$225.00
Renewal 6$0.00$225.00

Charges reach the $225 cap during renewal 5, so the lender can't charge more. You'd still owe $210.00 of principal after the last renewal.

Post-Dated Checks and Debits Under Missouri Law

  • A lender can hold only one post-dated check per loan or renewal.
  • If it deposits the check before its date, it loses the right to any interest or fees.
  • It can't use a series of electronic debits to collect a single check.
  • A post-dated check to a payday lender isn't a bad-check crime, unless you close the account or stop payment before the agreed date.

Requesting a Missouri Payday Loan Online

  1. Add up what you owe this lender and its affiliates now. With the new loan it can't pass $500, and you'll confirm that in writing.
  2. Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
  3. Read the notice of your right to cancel and the Truth in Lending disclosures, including the APR, and keep your signed copy.
Check Your Options

Look Up a Pay Day Lenders (500) License

Official lookup tool Missouri Division of Finance Bank & Licensee Search
  1. Open the Division of Finance Bank & Licensee Search and enter part of the lender's name.
  2. Under Type, choose Pay Day Lenders (500).
  3. Match the license number, name and address to the lender you're using. Each location where loan papers are signed or accepted needs its own license.

Questions or a complaint: call the Division of Finance at (573) 751-3242 or use its online complaint form.

  • A day to cancel. Return the full principal by the close of the lender's next full business day and you owe no interest or fees.
  • Illegal fees void the contract. A payday contract with a fee the law doesn't allow is void, and no Missouri judge or official may enforce one that breaks the payday law.
  • Can you repay? The lender must consider whether you can repay on time.

Common Questions

Are payday loans illegal in Missouri?

No. Lenders licensed by the Missouri Division of Finance under RSMo 408.500 can make payday loans of $500 or less for 14 to 31 days.

Can I borrow $500 with a Missouri payday loan?

You can request up to $500 as long as you owe that lender and its affiliates nothing else. At the 406.26% average APR, $500 for 14 days costs about $77.91, and charges over the loan and any renewals can't pass $375.

What's the most a payday loan can cost in Missouri?

75% of the amount you borrowed, counting interest and fees on the loan and every renewal: $225 on $300, or $375 on $500.

How many times can you renew a payday loan in Missouri?

Six. Each renewal needs the interest and fees due plus a principal payment of at least 5% of the original loan.

Can I get a payday loan online in Missouri?

You can send a request online through LendUp. The lender must hold a Missouri payday license, and the $500 limit and 75% cap apply however you apply.

Can I cancel a Missouri payday loan?

Yes. Return the full principal by the close of the lender's next full business day and you owe no interest or fees.

Official Sources

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

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