State reference · MO
Missouri lending rules
Missouri has 937 Census places covered on Paydayloaning, with a combined estimated population of 4,119,349. Payday and small-loan terms in Missouri are set by licensed lenders under state law; the sourced rules below apply to every borrower in the state.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
The verdict
Legal and licensed
Source: Missouri Revisor of Statutes · as of 2026-09-16
- Maximum rate
- 10% per annum, or the higher published 'market rate' (RSMo § 408.030)
- Missouri Revisor of Statutes
- Licensing
- Consumer credit lenders licensed and regulated by the Division of Finance's consumer credit section…
- Missouri Division of Finance
- Regulator
- Missouri Division of Finance (Department of Commerce and Insurance)
- Missouri Division of Finance
Rules are quoted from the cited sources. How payday lending is regulated.
Key rules for borrowers in Missouri
Quoted from the statute, regulator or agency named in each row.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 10% per annum, or the higher published 'market rate' (RSMo § 408.030) Source says: "a rate of interest not exceeding ten percent per annum on money due or to become due upon any contract" |
Missouri Revisor of Statutes as of 2026-09-16 |
| Payday lending status | Legal and licensed — unsecured loans of $500 or less require a license from the Director of the Division of Finance (RSMo § 408.500) Source says: "in the business of making unsecured loans of five hundred dollars or less shall obtain a license from the director of the division of finance" |
Missouri Revisor of Statutes as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer credit lenders licensed and regulated by the Division of Finance's consumer credit section (Chapters 367 and 408, RSMo) Source says: "The consumer credit section of the Missouri Division of Finance is responsible for licensing and regulating various types of consumer finance companies" |
Missouri Division of Finance as of 2026-09-16 |
| State lending regulator | Missouri Division of Finance (Department of Commerce and Insurance) Source says: "We regulate state-chartered banks, trust companies, consumer credit facilities, mortgage brokers, and savings and loan institutions" |
Missouri Division of Finance as of 2026-09-16 |
| Additional loan fee cap (30+ day loans) | Up to 10% of principal, capped at $100 (RSMo § 408.140) Source says: "a fee, not to exceed ten percent of the principal amount loaned not to exceed one hundred dollars may be charged by the lender" |
Missouri Revisor of Statutes as of 2026-09-16 |
Cities in Missouri
All Missouri citiesWe cover 937 Census places in Missouri.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.