Payday loans in Missouri
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Missouri payday loan rules at a glance
| Governing law | RSMo 408.500, 408.505 and 408.506 make up Missouri's payday loan law. Non-bank lenders making unsecured loans of $500 or less must be licensed by the Division of Finance. (RSMo 408.500.1; 408.505) |
|---|---|
| Maximum loan | 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. (RSMo 408.500.1; 408.505.5) |
| Fees / interest cap | 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. (RSMo 408.505.3; 408.100; 408.500.5) |
| Minimum term | At least 14 days, for both original and renewed loans. (RSMo 408.505.2) |
| Maximum term | No more than 31 days, for both original and renewed loans. (RSMo 408.505.2) |
| Rollovers / renewals | The lender must renew the loan if you ask in writing and pay the interest and fees due, but each renewal must reduce the principal by at least 5% of the original amount, and a loan may be renewed no more than six times. (RSMo 408.500.6) |
| Loans at one time / database | No more than $500 in payday loans outstanding with the same lender or its affiliates at one time; a loan may not be repaid with proceeds of another loan from the same lender. The lender may rely on your written certification. (RSMo 408.505.5) |
| Returned-payment fee | If you paid with a personal check that bounces, the lender may charge the returned-check fee allowed by RSMo 408.653 and 408.654. (RSMo 408.505.6) |
| Criminal charges for bounced check | You do not commit the crime of passing a bad check when the lender accepted your check knowing it would not be cashed until later and that you might not have the funds - unless you closed the account or stopped payment before the agreed date. (RSMo 408.505.8) |
How much will I repay?
Missouri does not set a single per-$100 fee cap for this product; check the lender's disclosure. $15 per $100 is shown as an example.
Estimate only. Your lender shows your exact cost before you sign.
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| Arkansas | Not available | — |
| Illinois | Not available | Payments coming due in the loan's first month, together with your other payday loans due that month, may not exceed the… |
| Iowa | Legal | A lender may not hold checks from you totaling more than $500 at any one time. |
| Kansas | Legal | $500 cash advance. |
| Kentucky | Legal | You may have at most two payday loans open at once, and the total cash you receive from all open payday loans may not… |
| Nebraska | Not available | A lender may not hold checks from one borrower totaling more than $500 at any one time. |
| Oklahoma | Not available | Small loans are capped by the total you may owe across all small lenders. |
| Tennessee | Legal | A lender (and related persons) may hold no more than two of your checks at once, with a total face value of no more… |
Payday Loans by city in Missouri
Counties in Missouri
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Also see: Personal Loans in Missouri · Title Loans in Missouri · All Missouri loan options
Frequently asked questions
Are payday loans legal in Missouri?
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.
How much can you borrow with a payday loan in Missouri?
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.
How much do payday loans cost in Missouri?
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.
How many payday loans can you have at once in Missouri?
No more than $500 in payday loans outstanding with the same lender or its affiliates at one time; a loan may not be repaid with proceeds of another loan from the same lender. The lender may rely on your written certification.
Can you roll over a payday loan in Missouri?
The lender must renew the loan if you ask in writing and pay the interest and fees due, but each renewal must reduce the principal by at least 5% of the original amount, and a loan may be renewed no more than six times.
Can a payday lender press criminal charges in Missouri?
You do not commit the crime of passing a bad check when the lender accepted your check knowing it would not be cashed until later and that you might not have the funds - unless you closed the account or stopped payment before the agreed date.
Can I get a payday loan online in Missouri?
Yes. You can request a payday loan online from anywhere in Missouri, using your phone or computer. Our secure form takes about 3 minutes and connects you with lenders in our network that serve Missouri residents. If you're approved, funds go straight to your checking account, often by the next business day. There's no cost to apply and no obligation to accept.
Can I get a payday loan on the weekend in Missouri?
You can submit our online form any time, including nights and weekends, and some lenders review requests right away. Funding depends on banking days, though, so money requested on a Saturday or Sunday typically arrives the next business day. Submitting early helps you get in line for the first available deposit. Missouri residents can start a request now; it takes about 3 minutes.
How much does a payday loan cost in Missouri?
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. Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Missouri borrowers in about 3 minutes.
Do payday loans in Missouri affect your credit score?
Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Missouri residents can see their options with our 3-minute form.