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Fast Facts: Payday Lending in Kansas

Loan Terms:

  • Optimum Loan Amount: $500.00
  • Loan Term: 7-30 times
  • Maximum Finance costs and price: 15% for the principal amount
  • Finance Charge for 14-day $100 loan: $15
  • APR for 14-day $100 loan: 390%

Debt Restrictions:

Maximum amount of Outstanding Loans at any Time: Two

Rollovers Permitted: No

Collection Limits:

Collection charges: Lenders may charge one collection charge

Criminal Action: Prohibited

Pay day loans in Kansas

Kansas is working toward a better economy; but, 4% of residents continue to be unemployed, which impacts their capability to meet up the necessities. As soon as cash is a challenge, residents might look for outside assistance via a payday loan that is online.

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