Best Loans in Kansas, Payday, Auto Title Laws of September 2024
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.
Other allowable charges include:
- Fees and taxes.
- Insurance costs.
- A bad check charge of no more than $30.
Best Bad Credit Loans in Kansas of September 2024
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*OppLoans only offers lines of credit in Kansas.
If you’re struggling to find the right lender, read our complete guide on bad credit loans.
Best Personal Loans for Good Credit in Kansas of September 2024
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