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Home State Regulations

Payday Loan Laws in Missouri

Loan Term:14-31 days
Loan Amount:$500
Fees and Finance Charges:75%
Laws:Payday loans are completely legal in Missouri One major rule established by the state concerns interest rates, which cannot go over 75% of the original loan for any single loan charge. In some instances, Missouri's small loan laws allow for companies to set interest rates via signed agreements. This means that sometimes, interest rates can reach nearly 2000%!