According to Chapter 16a-2-401 of Kansas’ Uniform Consumer Credit Code, closed-end installment loans – excluding mortgages – have APR-caps of 36% for loans of up to $860 or less and 21% for loans greater than $860. The maximum loan amount is $25,000, and prepaid finance charges are limited to 2% of the outstanding balance or $100.
Licensed lenders can also levy a delinquency charge – after the loan is 10 days past due – of 5% of the outstanding balance or $25, whichever is less. However, the charge can only be administered once, regardless of how long the loan defaults.
Loan Limit: You can only have two payday loans at a time
Payday loans are legal in Kansas.
Chapter 16a-2-404 requires licensed lenders to cap loan amounts at $500, and finance charges cannot exceed 15% of the amount advanced. Borrowers are limited to two payday loans at a time. Licensed lenders are prohibited from making three payday loans to the same borrower within a 30-calendar-day period.
Licensed lenders are also required to keep track of each loan transaction and document the following information:
The name, address, and telephone number of each borrower.
The date the loan is made and the date the loan is due.
As well, finalized loan documents must include – in no less than 10-point boldface font – the following disclosure:
NOTICE TO BORROWER: KANSAS LAW PROHIBITS THIS LENDER AND THEIR RELATED INTEREST FROM HAVING MORE THAN TWO LOANS OUTSTANDING TO YOU AT ANY ONE TIME. A LENDER CANNOT DIVIDE THE AMOUNT YOU WANT TO BORROW INTO MULTIPLE LOANS IN ORDER TO INCREASE THE FEES YOU PAY.
Payday Loan Laws in Kansas by Country of May 2024
ElitePersonalFinance analysis of payday loan laws by countries in the State of Kansas.
We haven’t found a significant difference between the payday loan laws in Kansas. If you are with bad credit, here are the laws in Kansas by country.
City:
Amount Allowed:
APR Allowed:
Status:
Wichita
$500
391%
Legal
Overland Park
$500
391%
Legal
Kansas City
$500
391%
Legal
Olathe
$500
391%
Legal
Topeka
$500
391%
Legal
Lawrence
$500
391%
Legal
Shawnee
$500
391%
Legal
Manhattan
$500
391%
Legal
Lenexa
$500
391%
Legal
Salina
$500
391%
Legal
Hutchinson
$500
391%
Legal
Leavenworth
$500
391%
Legal
Leawood
$500
391%
Legal
Dodge City
$500
391%
Legal
Garden City
$500
391%
Legal
Emporia
$500
391%
Legal
Derby
$500
391%
Legal
Junction City
$500
391%
Legal
Prairie Village
$500
391%
Legal
Gardner
$500
391%
Legal
Hays
$500
391%
Legal
Pittsburg
$500
391%
Legal
Liberal
$500
391%
Legal
Newton
$500
391%
Legal
Great Bend
$500
391%
Legal
McPherson
$500
391%
Legal
El Dorado
$500
391%
Legal
Andover
$500
391%
Legal
Ottawa
$500
391%
Legal
Winfield
$500
391%
Legal
Arkansas City
$500
391%
Legal
Lansing
$500
391%
Legal
Haysville
$500
391%
Legal
Merriam
$500
391%
Legal
Atchison
$500
391%
Legal
Parsons
$500
391%
Legal
Coffeyville
$500
391%
Legal
Mission
$500
391%
Legal
Augusta
$500
391%
Legal
Chanute
$500
391%
Legal
Independence
$500
391%
Legal
Park City
$500
391%
Legal
Wellington
$500
391%
Legal
Fort Scott
$500
391%
Legal
Bonner Springs
$500
391%
Legal
Bel Aire
$500
391%
Legal
Fort Riley
$500
391%
Legal
Roeland Park
$500
391%
Legal
Pratt
$500
391%
Legal
Valley Center
$500
391%
Legal
Eudora
$500
391%
Legal
Abilene
$500
391%
Legal
Spring Hill
$500
391%
Legal
De Soto
$500
391%
Legal
Mulvane
$500
391%
Legal
Basehor
$500
391%
Legal
Ulysses
$500
391%
Legal
Paola
$500
391%
Legal
Colby
$500
391%
Legal
Iola
$500
391%
Legal
Concordia
$500
391%
Legal
Tonganoxie
$500
391%
Legal
Wamego
$500
391%
Legal
Maize
$500
391%
Legal
Baldwin City
$500
391%
Legal
Goodland
$500
391%
Legal
Edwardsville
$500
391%
Legal
Russell
$500
391%
Legal
Louisburg
$500
391%
Legal
Goddard
$500
391%
Legal
Osawatomie
$500
391%
Legal
Clay Center
$500
391%
Legal
Hugoton
$500
391%
Legal
Rose Hill
$500
391%
Legal
Baxter Springs
$500
391%
Legal
Beloit
$500
391%
Legal
Scott City
$500
391%
Legal
Fairway
$500
391%
Legal
Larned
$500
391%
Legal
Hesston
$500
391%
Legal
Lyons
$500
391%
Legal
Mission Hills
$500
391%
Legal
Frontenac
$500
391%
Legal
Lindsborg
$500
391%
Legal
Marysville
$500
391%
Legal
Holton
$500
391%
Legal
Garnett
$500
391%
Legal
Hiawatha
$500
391%
Legal
Oaklawn-Sunview
$500
391%
Legal
Columbus
$500
391%
Legal
Ellsworth
$500
391%
Legal
Car Title Loans in Kansas of May 2024
Car title loans are legal in Kansas.
Loans are characterized as ‘open-end lines of credit,’ so there is no maximum loan amount or maximum APR. However, terms are capped at 30 days.
Alternative Payday Loans in Kansas of May 2024
As an alternative lender licensed in Kansas, OppLoans offers lines of credit to consumers across the state.
Typical terms are:
Origination Fee: 2% of the loan amount.
APR: Approximately 160%.
Minimum Payment: 4% for monthly loan payments and 9% for bi-weekly or semi-monthly loan payments.
Late Payment Charge: No more than 5% of the unpaid balance of the minimum payment.
Signature Loans are organized in two tiers. For loans of less than $2,500, APRs are as low as 9.00%, and terms extend up to 36 months. For loans of over $2,500, APRs are as low as 8.50%, and terms also extend up to 36 months.
Guaranteed Teacher Loans are designed for full-time teachers in Kansas. To qualify, you need to show a copy of your full-time teaching contract, status as an educator in Kansas, and allow payroll deductions for loan repayments. You can borrow up to $1,500, terms extend up to 12 months, and APRs are as low as 6.99%. However, the rate includes a 5.00% discount for using a CUA checking account with direct deposit; members are only allowed one loan at a time.
Healthcare Professional Loans allow you to borrow up to $1,500, and APRs are as low as 6.99%. Terms extend up to 12 months.
Laptop Loans are designed specifically for students. You can borrow up to $2,500, and terms extend up to 24 months. APRs are as low as 0.00%, but a co-signer is required for borrowers under 18. To qualify, you need to show a valid student ID, proof of purchase and approved credit. As well, laptop loans are limited to one per member.
Credit Union of America operates 14 branches across Kansas, located in Wichita, Derby, Goddard, Hutchinson, etc.
Mazuma Credit Union
Mazuma Credit Union offers personal loans of up to $40,000. APRs are as low as 10.44%, and terms extend up to 60 months. The non-profit credit union also has a simple, no-hassle application process, and loans can be used for nearly any reason.
Mazuma Credit Union operates 2 branches in Kansas, with locations in Overland Park and Olathe.
Best Auto Loans for Bad Credit in Kansas of May 2024
The Kansas Comprehensive Grant is a needs-based scholarship, open to students who enroll full-time at one of Kansas’ 18 private colleges/universities, 6 state universities, or Washburn University.
To qualify, you must submit a FAFSA application and list at least one of the eligible institutions. One in three students is granted funding, with awards ranging from $200 to $3,500 for those attending private institutions and $100 to $1,500 for those attending public institutions.
Federal Housing Administration (FHA) Loans in Kansas of May 2024
There are 105 counties in Kansas where residents can apply for FHA loans. The lowest loan amount of $314,827 is available in 100 counties, while the highest loan amount of $648,000 is available in 5 counties.
County:
Single Unit Limit (lowest):
Four-Plex Limit (highest):
Allen County
$331,760
$638,100
Anderson County
$331,760
$638,100
Atchison County
$331,760
$638,100
Barber County
$331,760
$638,100
Barton County
$331,760
$638,100
Bourbon County
$331,760
$638,100
Brown County
$331,760
$638,100
Butler County
$331,760
$638,100
Chase County
$331,760
$638,100
Chautauqua County
$331,760
$638,100
Cherokee County
$331,760
$638,100
Cheyenne County
$331,760
$638,100
Clark County
$331,760
$638,100
Clay County
$331,760
$638,100
Cloud County
$331,760
$638,100
Coffey County
$331,760
$638,100
Comanche County
$331,760
$638,100
Cowley County
$331,760
$638,100
Crawford County
$331,760
$638,100
Decatur County
$331,760
$638,100
Dickinson County
$331,760
$638,100
Doniphan County
$331,760
$638,100
Douglas County
$331,760
$638,100
Edwards County
$331,760
$638,100
Elk County
$331,760
$638,100
Ellis County
$331,760
$638,100
Ellsworth County
$331,760
$638,100
Finney County
$331,760
$638,100
Ford County
$331,760
$638,100
Franklin County
$331,760
$638,100
Geary County
$331,760
$638,100
Gove County
$331,760
$638,100
Graham County
$331,760
$638,100
Grant County
$331,760
$638,100
Gray County
$331,760
$638,100
Greeley County
$331,760
$638,100
Greenwood County
$331,760
$638,100
Hamilton County
$331,760
$638,100
Harper County
$331,760
$638,100
Harvey County
$331,760
$638,100
Haskell County
$331,760
$638,100
Hodgeman County
$331,760
$638,100
Jackson County
$331,760
$638,100
Jefferson County
$331,760
$638,100
Jewell County
$331,760
$638,100
Johnson County
$351,900
$676,750
Kearny County
$331,760
$638,100
Kingman County
$331,760
$638,100
Kiowa County
$331,760
$638,100
Labette County
$331,760
$638,100
Lane County
$331,760
$638,100
Leavenworth County
$351,900
$676,750
Lincoln County
$331,760
$638,100
Linn County
$351,900
$676,750
Logan County
$331,760
$638,100
Lyon County
$331,760
$638,100
Marion County
$331,760
$638,100
Marshall County
$331,760
$638,100
Mcpherson County
$331,760
$638,100
Meade County
$331,760
$638,100
Miami County
$351,900
$676,750
Mitchell County
$331,760
$638,100
Montgomery County
$331,760
$638,100
Morris County
$331,760
$638,100
Morton County
$331,760
$638,100
Nemaha County
$331,760
$638,100
Neosho County
$331,760
$638,100
Ness County
$331,760
$638,100
Norton County
$331,760
$638,100
Osage County
$331,760
$638,100
Osborne County
$331,760
$638,100
Ottawa County
$331,760
$638,100
Pawnee County
$331,760
$638,100
Phillips County
$331,760
$638,100
Pottawatomie County
$331,760
$638,100
Pratt County
$331,760
$638,100
Rawlins County
$331,760
$638,100
Reno County
$331,760
$638,100
Republic County
$331,760
$638,100
Rice County
$331,760
$638,100
Riley County
$331,760
$638,100
Rooks County
$331,760
$638,100
Rush County
$331,760
$638,100
Russell County
$331,760
$638,100
Saline County
$331,760
$638,100
Scott County
$331,760
$638,100
Sedgwick County
$331,760
$638,100
Seward County
$331,760
$638,100
Shawnee County
$331,760
$638,100
Sheridan County
$331,760
$638,100
Sherman County
$331,760
$638,100
Smith County
$331,760
$638,100
Stafford County
$331,760
$638,100
Stanton County
$331,760
$638,100
Stevens County
$331,760
$638,100
Sumner County
$331,760
$638,100
Thomas County
$331,760
$638,100
Trego County
$331,760
$638,100
Wabaunsee County
$331,760
$638,100
Wallace County
$331,760
$638,100
Washington County
$331,760
$638,100
Wichita County
$331,760
$638,100
Wilson County
$331,760
$638,100
Woodson County
$331,760
$638,100
Wyandotte County
$351,900
$676,750
Business Loans in Kansas of May 2024
If you need a business loan today, the online lenders below offer fast and convenient services:
However, if you prefer to consult with a lender located in Kansas, consider Strategic Capital:
Strategic Capital
Founded in 2014, Strategic Capital is headquartered in Kansas and offers financing solutions for nearly every business need.
Term Loans allow you to borrow up to $1 million, with APRs as low as 5.49%. Terms range from 1 to 5 years, and funding normally arrives in 4 to 7 business days. To qualify, you must be in business for at least 2 years, generate at least $20,000 in monthly revenue, and have a credit score of at least 650.
Lines of Credit allow you to borrow up to $250,000 and APRs are as low as 7.99%. Terms range from 6 to 18 months, and funds usually arrive in 2 to 3 business days. To qualify, you must be in business for at least 6 months, generate at least $20,000 in monthly revenue, and have a personal credit score of at least 620.
A Business Cash Advance allows you to borrow up to $1 million, with finance charges of $0.12 to $0.45 per dollar borrowed. Terms range from 3 to 18 months, and funds are available in 1 business day. To qualify, you must be in business for at least 6 months, generate at least $10,000 in monthly revenue, and have a personal credit score of at least 500.
Invoice Factoring Loans allow you to borrow up to $5 million, and finance charges start at $0.25% per week. Terms extend up to 120 days (or more), and funds are available in 5 to 10 business days. To qualify, you must be in business for at least 6 months, generate at least $40,000 in monthly revenue, and have a credit score of at least 530.
Conclusion
In Kansas, the Uniform Consumer Credit Code requires licensed lenders to cap installment loan APRs at 36% for loans of up to $860 and 21% for loans greater than $860. Payday loans are legal in the state, with amounts capped at $500 and APRs averaging 391%. And while car title loans are also legal in Kansas, there is no maximum loan amount or maximum APR. As ‘open-end lines of credit,’ these terms are determined by the borrower and the lender.