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LoanFAP is a direct lender serving Missouri residents, including St. Louis, Kansas City, and Springfield. Apply online in minutes for a personal installment loan, get a decision the same business day, and repay on a fixed schedule you know before you sign.
Missouri installment loans at a glance: Personal installment loans are legal in Missouri and regulated by the Missouri Revisor of Statutes under RSMo Section 408.510. Lenders must disclose the full APR, finance charge and payment schedule before you sign. Missouri also allows payday loans and title loans.
Rules current as of July 2026.
Governing law: RSMo Section 408.510
Missouri does not specify a maximum APR for personal installment loans, allowing lenders to contract for interest and fees. Origination fees are capped at 10% of the principal, up to $100, and late fees are capped at 5% of the installment, not exceeding $50. Loans must have a minimum term of 120 days. Lenders must be licensed under the Consumer Installment Loan Act (RSMo Section 408.510).
| Loan Amount | Term | APR (est.) | Total Interest | Total to Repay |
|---|---|---|---|---|
| $1,000 | 24 months | 36% | $417 | $1,417 |
| $5,000 | 24 months | 36% | $2,087 | $7,087 |
| $10,000 | 24 months | 36% | $4,174 | $14,174 |
Missouri does not have a specific APR cap for consumer installment loans; lenders may contract for interest and fees. The examples use a typical lender APR of 36% — your rate may vary. The lender must provide a Truth-in-Lending disclosure showing the exact APR before signing.
Missouri residents should be aware that personal installment loans have no specific APR cap, and fees may vary by lender. Ensure the lender is licensed under the Consumer Installment Loan Act.
Consumers are protected by a cap on origination fees and late fees, as specified in RSMo Section 408.510. Lenders must be licensed, ensuring compliance with state regulations. Credit insurance is permitted with borrower consent.
In addition to state law, six federal laws protect consumer loan borrowers in every state. These apply regardless of where you borrow or which type of loan you take.
| Federal Law | What It Means for You | Who It Covers |
|---|---|---|
| Truth in Lending Act / Regulation Z | Regulation Z protects consumers by requiring clear disclosure of key credit terms and costs. | Applies to consumer credit including mortgages, credit cards, and installment loans. |
| Military Lending Act | The MLA caps the annual percentage rate at 36% for loans to active duty service members and their dependents. | Covers active duty service members and their dependents. |
| Fair Debt Collection Practices Act / Regulation F | Regulation F governs the practices of debt collectors, prohibiting abusive, deceptive, and unfair practices. | Applies to third-party debt collectors collecting consumer debts. |
| Fair Credit Reporting Act / Regulation V | Regulation V ensures accuracy and privacy of consumer credit information held by credit reporting agencies. | Applies to consumer reporting agencies and users of consumer reports. |
| Equal Credit Opportunity Act / Regulation B | Regulation B prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, or age. | Applies to all creditors in any aspect of a credit transaction. |
| CFPB UDAAP authority | The CFPB can take action against unfair, deceptive, or abusive acts or practices in consumer financial products or services. | Applies to all consumer financial products and services. |
These federal protections apply in all 50 states regardless of state law. They set a baseline floor of consumer rights.
Federal regulations, such as those from the CFPB and the Military Lending Act, apply in addition to state laws, providing an additional layer of consumer protection.
Yes. Personal installment loans are legal in Missouri and regulated under RSMo Section 408.510. Lenders must hold a state license to make these loans. A licensed lender has to follow the state's limits on rates, loan size and fees, and disclose your APR, finance charge and full payment schedule before you sign.
Missouri caps loan fees separately from interest under RSMo Section 408.510. Origination fee: 10% of principal; max $100. Late fee: 5% of installment; max $50. Anything a lender charges beyond these has to be itemised in your agreement, so compare the total finance charge and not just the advertised rate.
Yes. Alongside installment lending, Missouri permits payday loans under Mo. Rev. Stat. § 408.500. A payday loan there is capped at $500. A payday loan is a single lump-sum repayment tied to your next pay date, which makes it a different and usually far more expensive product than an installment loan repaid over months.
Yes. Missouri permits car title lending under MO Rev Stat § 367.512 (2025); MO Rev Stat § 408.555 (2025) at rates of No statutory cap (market rates commonly ~200%-300% APR). A title loan is secured against your vehicle, so falling behind can cost you the car. An unsecured personal installment loan puts no vehicle at risk, which is worth weighing before you pledge a title.
01.
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Every loan offered through Loan For Any Purpose is subject to credit approval based on our underwriting standards. Rates, terms, fees, and the availability of specific products vary by state and by applicant. Qualification is not guaranteed, and the loan amount you receive may be lower than the maximum advertised. All loans carry applicable terms and conditions. Our lending products are designed to meet short-term financial needs — they are not intended as a long-term borrowing solution. We recommend that borrowers with ongoing credit difficulties seek guidance from a certified credit counseling service. If you apply online, verification of your submitted information may be required before funding, potentially adding up to two business days to the disbursement timeline.
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