Permitted Regulated Verified 2026-09-06 · ver. 0.2.3 How we verify these rules

Installment Loans in Missouri

Missouri permits regulated consumer installment lending in any amount under §408.510, provided the loan is repaid in at least four substantially equal installments over at least 120 days. Missouri also separately licenses traditional small-loan companies, so the page keeps the lender regimes distinct.

Missouri legal category: Consumer Installment Loan / Small Loan · RSMo §408.510 and related Missouri consumer-credit provisions; Chapter 367 small-loan licensing also remains relevant

Missouri installment loans at a glance

Legal status
Permitted Regulated
Legal category
Consumer Installment Loan / Small Loan
Rule structure
2 encoded variants
Amount / term
Varies by statutory variant
Regulator
Missouri Division of Finance
Verified
2026-09-06

Choose a loan type by amount

PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.

$200–$500

Payday Loans in Missouri

Preferred routing for Missouri payday requests within the statutory $500 ceiling.

See Payday Loans

$500–$5,000 Current guide

Installment Loans in Missouri

Preferred routing for larger or multi-payment requests after the payday $500 ceiling. $5,000 is the current PLS Cash Advance selector maximum, not a Missouri statutory maximum for §408.510 loans.

Amount and term limits

Missouri defines a consumer installment loan under §408.510 as a secured or unsecured loan of any amount. The Division of Finance also separately licenses traditional small-loan companies. PLS Cash Advance routes $500–$5,000 to this page.

A §408.510 consumer installment loan must be payable in at least four substantially equal installments over not less than 120 days. Longer terms depend on the contract and applicable provisions.

Interest, fees and repayment

Missouri does not give this entire installment category one simple statewide APR ceiling. Pricing depends on the applicable lender type, statute, contract structure and permitted charges.

Consumer installment lenders contract for interest and fees under §§408.100, 408.140 and 408.170. Section 408.100 permits interest rates agreed to by the parties for loans within its scope; §408.140 limits specified additional charges, including an origination/investigation fee on qualifying loans of up to 10% of principal but no more than $100.

Consumer installment loans under §408.510 require at least four substantially equal installments over at least 120 days and may use precomputed or simple-interest structures.

Rollovers, refinancing and early payment

Rollover allowed?
Not reduced to a yes/no rule
Installment lending uses refinance/restructure rules rather than the payday six-renewal framework.
Prepayment penalty allowed?
Not reduced to a yes/no rule
Missouri has separate prepayment and interest-recomputation provisions. This statewide overview does not collapse those contract-dependent rules into one yes/no field.

Missouri borrower protections

  • Consumer installment loans under §408.510 must use at least four substantially equal installments over at least 120 days.
  • Consumer installment lenders are licensed by the Missouri Division of Finance.
  • Specified additional charges are constrained by §408.140; a qualifying origination/investigation fee may not exceed 10% of principal or $100.
  • Consumers can verify a Consumer Installment or Small Loan Company through Missouri’s public license search.

Missouri loan cost calculator

Why there is no single statutory calculator: Missouri consumer installment pricing can use simple-interest or precomputed structures and does not have one universal APR ceiling across the relevant lender categories. A generic payment calculator would not establish statutory compliance.

How to verify a lender in Missouri

Regulator: Missouri Division of Finance.

Consumer Installment Lender and/or Small Loan Company authority depending on the product structure

Verify a lender license

Official sources

  1. Missouri Division of Finance — Consumer Installment Lenders · primary
  2. RSMo §408.510 — Consumer Installment Lenders · primary
  3. RSMo §408.100 — Interest Rate · primary
  4. RSMo §408.140 — Additional Charges · primary
  5. Missouri Division of Finance — Small Loan Companies · primary
  6. Missouri Division of Finance — Bank & Licensee Search · primary

Last regulatory verification: 2026-09-06. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.