Loan Rates and Fees in Kansas

A licensed lender can charge up to 15% of the amount borrowed - labeled "finance charge" on your agreement - on loans up to $500, with terms of 7 to 30 days. The $500 cap applies per loan; only one returned check fee is authorized, and no other charges of any type may be added.

On a $300 loan due in 14 days, the maximum fee is $45, making your total repayment $345. Your agreement will show roughly 391% APR - that's the 14-day fee scaled to a full year, as required by federal disclosure rules.

• Rollovers are prohibited - a lender can't extend your loan and charge a new fee on the same principal.
• The returned payment fee - labeled "returned check fee" on your agreement - is the only additional charge authorized; no state cap dollar amount is specified, so ask the lender for the exact amount before you sign.
• No separate database or verification fee is authorized; question any line item labeled as one.

If an offer exceeds these limits, verify with the Kansas Office of the State Bank Commissioner.

Kansas licenses installment lenders under the Uniform Consumer Credit Code. As of January 1, 2025, the maximum finance charge on closed-end consumer loans is a flat 36% per year on the full unpaid balance, calculated by the actuarial method.

An origination fee (prepaid finance charge) of up to 2% of the amount financed or $300, whichever is less, is separately authorized and is nonrefundable when paid.

On a $1,000 loan repaid over 12 months at 36% annually on the declining balance, you'd pay approximately $198 in interest - roughly $1,198 in total payments.

• Refinancing restarts interest on the new amount - compare your remaining balance to the new loan's total payments before you agree.
• The returned payment fee has no separate state cap under the installment statute - see the payday section above for the same rule.
• Late fees have no specific cap stated in the statute - ask the lender for the exact amount and grace period before you sign.
• You can prepay in full at any time with no penalty - interest stops accruing on the payoff date; see installment loans in Kansas for repayment details.

If an offer exceeds these limits, verify with the Kansas Office of the State Bank Commissioner.

• Returned payment fee: no state cap on either product - ask the lender for the exact amount before you sign.
• Total of payments: the single most important number - add up every scheduled payment to see what you'll actually repay over the full term.
• Military households: if you or your spouse are active-duty, the all-in cost can't exceed 36% MAPR under federal law - compare to the APR on your offer.