Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Missouri, title loans are regulated by the Missouri Division of Finance. State law does not set a maximum interest rate cap on title loans, meaning APRs can be high and are determined by the individual lender. However, Missouri law requires lenders to provide a clear schedule of fees and interest rates before you sign any agreement. Additionally, if you renew your title loan, state regulations mandate that your principal balance must be reduced by a certain percentage (often 10%) starting on the third renewal to help prevent perpetual debt cycles. Because we are a matching service and not a direct lender, we cannot predict the exact APR or fees you will be offered. Your specific rates will depend on your chosen lender, the value of your vehicle, your income, and your credit profile. Always read the lender's loan agreement carefully to understand the total cost of borrowing.
Annual Percentage Rate (APR)
Varies by lender (Missouri does not impose a strict APR cap)
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $1,000 | 30 Days | 120% | $100 | $1,100 |
| $2,500 | 30 Days | 120% | $250 | $2,750 |
| $5,000 | 30 Days | 100% | $416 | $5,416 |
Representative example only. We are not a lender and do not make credit decisions. The table above is for illustrative purposes. Actual loan amounts, APRs, and fees are determined by the third-party lender. Missouri law allows lenders to set their own rates, which can be significantly higher than traditional bank loans.
State-Specific Information — Missouri
Maximum Loan Amount: Not strictly capped by state law (Typically based on vehicle equity)
Rate Cap: No strict APR limit (Regulated by Missouri Division of Finance)
Regulations: Missouri law mandates that title lenders must require borrowers to reduce the principal balance by 10% upon the third loan renewal and any subsequent renewals. This regulation is designed to prevent borrowers from paying interest indefinitely without reducing the core debt.
Licensing: Lenders must be licensed by the Missouri Division of Finance and clearly post their maximum rates.