Loans in Missouri: payday, personal & title loan laws (2026)

Payday loans (unsecured loans of $500 or less) are legal in Missouri from lenders licensed by the Division of Finance under RSMo 408.500-408.506. Interest is set by agreement, but total interest and fees over the life of a loan and all renewals may not exceed 75% of the amount borrowed.

Payday loans are loans of $500 or less, and a lender (with its affiliates) may not have more than $500 in payday loans outstanding to you at one time.

Interest and fees are whatever the parties agree to (simple interest), but you can never be required to pay total interest and fees of more than 75% of the original loan amount for the loan and all its renewals combined. No other charges are allowed, including fees to cash a loan check. You may also cancel at no cost by returning the full principal by the close of the lender's next full business day.

Car title loans are legal in Missouri from lenders licensed by the Division of Finance under RSMo 367.500-367.533. Interest is set by agreement (no rate cap), loans are limited to $5,000, and principal must be paid down after the second renewal.

A title lender may not make a loan over $5,000.

No rate cap: licensed lenders may charge rates agreed by the parties.

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.