Payday Loans in Gem, KS: Rates, Rules & Calculator

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Payday lending Permitted under license Kansas Office of the Revisor of Statutes

Rate cap 15% per annum… Kansas Office of the Revisor of Statutes

Licensing Supervised lender license required… Kansas Office of the Revisor of Statutes

Regulator Kansas Office of the State Bank Commissioner… Kansas Office of the State Bank Commissioner

By the Paydayloaning Editorial Team · Last updated 2026-09-16

Payday lending in Kansas

Permitted under license

Full Kansas lending rules

The local picture

Payday loan rules that apply in Gem

Every figure below is published by the state or the regulator that sets it, with a link to the primary source. These rules apply to any lender serving Gem — Kansas' fee cap is not adjusted city by city.

Rule	Detail	Source
Maximum legal interest rate (usury cap)	15% per annum (general contract-rate ceiling for written instruments) Source quote Source says: "may stipulate therein for interest receivable ... at a rate not to exceed 15% per annum unless otherwise specifically authorized by law".	Kansas Office of the Revisor of Statutes as of 2026-09-16
Payday lending status	Permitted under license (payday cash advances of $500 or less; charge capped at 15%) Source quote Source says: "a licensed or supervised lender may charge an amount not to exceed 15% of the amount of the cash advance".	Kansas Office of the Revisor of Statutes as of 2026-09-16
Small-loan / installment lender licensing	Supervised lender license required (supervised loans) Source quote Source says: "Unless a person is exempt from licensing ... such person shall not engage in the business of: (a) Making supervised loans".	Kansas Office of the Revisor of Statutes as of 2026-09-16
State lending regulator	Kansas Office of the State Bank Commissioner (OSBC) Source quote Source says: "The Office of the State Bank Commissioner regulates all state-chartered banks, trust companies, mortgage businesses, supervised lenders, credit service organizations, earned wage access service providers, and money transmitters".	Kansas Office of the State Bank Commissioner as of 2026-09-16
UCCC consumer loan rate caps	36% on first $860 of unpaid balance; 21% above $860 (closed-end consumer loans) Source quote Source says: "36% on the unpaid principal balance which is $860 or less, and 21% on the unpaid principal balance which exceeds $860".	Kansas Office of the State Bank Commissioner as of 2026-09-16

What a payday loan costs in Gem

What you may be charged in Gem is capped by Kansas' law, not by the lender's discretion — the maximum fee and the maximum advance are both in the sourced table above. Two things are worth checking before you borrow: that the lender is licensed in Kansas, and that the APR on the disclosure matches what you were quoted. Our Kansas lending reference lists the regulator you can verify a license with.

Cheaper alternatives in Gem

If you are already juggling payday loans, a nonprofit credit counselor can help you restructure the debt and deal with collectors. Nonprofit counseling is low-cost or free, and it is a better first call than taking a new loan to cover an old one. Getting out of payday debt.

About Gem

Population: 95 (US Census Bureau, Vintage 2023 subcounty estimate).
Size in Kansas: the 504th-largest of 625 Census places in the state.
Population trend: Its population fell about 1.0% between the 2020 Census base and the 2023 estimate.
Nearest larger cities: Colby, KS (8 mi); Rexford, KS (9 mi); Selden, KS (19 mi). Bigger markets often have more lenders, but a lender licensed in Kansas serves Gem under the same state rules.

Before you borrow in Gem

Confirm payday lending is permitted in Kansas and check the maximum fee in the table above.
Compare the APR, not the dollar fee — that is the only way to compare a two-week loan with a two-year one.
Run the numbers with our loan payment calculator to price the same amount as an installment loan.
Verify the lender is licensed in Kansas with the regulator listed above.
Never give a lender remote access to your bank account beyond the amount you actually owe, and ask for any repayment plan in writing.

Frequently asked questions

Can I get a payday loan in Gem?

Only if payday lending is permitted in Kansas. Payday lending is regulated state by state, so whether a licensed lender may offer one in Gem depends on Kansas law rather than on any local ordinance. See the sourced figure on our Kansas lending reference page.

How much can I borrow with a payday loan in Gem?

State law sets the maximum advance, and many states cap payday loans at a few hundred dollars. The sourced limit for Kansas is listed with its publisher on our state reference page, so you can see the current figure rather than an estimate.

How much does a payday loan cost in Gem?

Lenders charge a fee per $100 borrowed rather than a monthly interest rate, and Kansas law sets the maximum fee. Because the term is only a couple of weeks, that fee produces a very high APR. Our state reference page lists the sourced fee cap, and our APR calculator shows the math.

Will a payday loan in Gem hurt my credit?

Many payday lenders do not report on-time payments to the major credit bureaus, so a payday loan usually will not build your credit. An unpaid balance that is sent to collections can still be reported and damage your score, which is why the repayment plan matters more than the application.

Nearby places

All Kansas cities

Nearest Census places by distance.

Payday loans in Gem, KS