Looking for a title loan in Missouri? Whether you're looking for secured loans or flexible payment terms, it's important to understand local lending laws and explore your options. Title loans are legal in Missouri and are commonly used by residents to secure fast cash, but borrowers should be aware of potential high-interest rates. Apply online or consult us by phone to find the best solution for your financial situation in Missouri.
Regulations
Missouri does not cap title loan interest rates, meaning APRs can be extremely high, often exceeding 300%. Loan terms are short, typically around 30 days, with the option to renew.
Requirements:
- Vehicle title in your name
- Proof of income
- Government-issued ID
- Proof of residency
Important Considerations
Borrowers should review loan agreements closely to avoid high fees and the risk of repossession if the loan is not repaid.
FAQ Section
Yes, title loans are legal in Missouri with no interest rate caps.
There is no cap, so APRs can be very high.
Yes, online applications for title loans are available in Missouri.
Statistics about Missouri
| Median Household Income | $62,800 |
| Median Gross Monthly Rent | $1,214 |
| Average Family Size (People) | 3.19 |
| Mortgage Loan (Avg) | $215,000 |
| Auto Loan (Avg) | $28,000 |
| Personal Loan (Avg) | $5,400 |
| Student Loan (Avg) | $32,000 |
