Installment Loans in Missouri
How installment loans work in Missouri
An installment loan gives you the full amount up front and you repay it in equal monthly payments over a set term — often 3 to 36 months. Because repayment is spread out, each payment is smaller than a single lump-sum payday repayment, and you always know your payoff date.
Sample monthly payments
| Amount | 6 months | 12 months | 24 months |
|---|---|---|---|
| $1,000 | $181.54 | $97.48 | $55.91 |
| $2,000 | $363.09 | $194.96 | $111.82 |
| $3,000 | $544.63 | $292.45 | $167.72 |
| $5,000 | $907.72 | $487.41 | $279.54 |
Illustration at 29.99% APR. Your rate and term come from the lender and depend on your credit, income and Missouri law.
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Missouri installment loan rules at a glance
| Governing law | Consumer credit (small loan) licensees under RSMo 367.100-367.215 with rates under RSMo 408.100-408.210; consumer installment lenders under RSMo 408.510. (RSMo 408.100; 367.100-367.215) |
|---|---|
| Rate cap | Missouri sets no maximum interest rate on these loans: lenders may charge simple interest on the unpaid balance at rates agreed to by the parties. Extra fees are limited to those listed in RSMo 408.140. (RSMo 408.100; 408.140) |
| License required | Yes. Consumer credit ('small loan') companies are licensed by the Division of Finance under RSMo 367.100-367.215 for loans of $500 or more; consumer installment lenders (RSMo 408.510) make loans of any amount repayable in at least four equal installments over at least 120 days. (RSMo 367.100-367.215; 408.510) |
| Loan sizes covered | Small loan licensees may lend any amount of $500 or more; there is no upper limit. (RSMo 367.100-367.215) |
| Origination / other fees | On non-open-end loans of 30 days or longer, a fee of up to 10% of the principal, capped at $100, may be charged (not on extensions, refinances or renewals unless a new credit investigation is made). (RSMo 408.140.1(1)) |
Estimate your monthly payment
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Installment Loans by city in Missouri
Also see: Payday Loans in Missouri · Title Loans in Missouri · All Missouri loan options
Frequently asked questions
Is there a cap on installment loan interest rates in Missouri?
No rate cap: licensed lenders may charge rates agreed by the parties.
Do installment loan lenders need a license in Missouri?
Yes. Consumer credit ('small loan') companies are licensed by the Division of Finance under RSMo 367.100-367.215 for loans of $500 or more; consumer installment lenders (RSMo 408.510) make loans of any amount repayable in at least four equal installments over at least 120 days.
Can I get a installment loan with bad credit in Missouri?
Yes, some lenders in our network work with fair or bad credit, but approval is not guaranteed and rates are higher. Licensed lenders in Missouri must follow the state's consumer-lending rules shown above; tribal and bank-partner lenders may follow different rules, so compare the APR on every offer.
How do installment loans work in Missouri?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Missouri residents can see installment loan offers with our free 3-minute form.
Can I get a installment loan in Missouri with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Missouri residents can see if they qualify for $100 to $5,000 in about 3 minutes.
What credit score do I need for a installment loan in Missouri?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Missouri with our free 3-minute form.
How can I get an emergency loan in Missouri?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.