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Missouri Installment Loans

Any number of people have taken out loans for any number of reasons, from making a big purchase to dealing with an emergency. While the reasons vary, for many the road away from a financial emergency was best paved with an installment loan.

Installment loans are considered medium-term loans, allowing a longer period of time for repayment, and generally offering a higher maximum loan than payday loans. Having more time to pay back a loan can be awfully useful, providing you the leisure of determining the right payment plan for you, and allowing you to factor a consistent payment amount into your expenses. Beginning the process is easy, with a straightforward online application system. You’ll be asked to provide basic information, along with your current employment status and a valid bank account number, so that the loan can be deposited directly into your account once you’ve been approved.

Maximum loan amounts, the amount of time between payments, and the loan interest rate will all vary from state to state. In Missouri, loans can be repaid in six monthly or 13 bi-monthly payments, and the maximum loan amount will never exceed $2,250. Should you decide to repay the loan on a monthly basis with six payments, and the loan amount is $1,500, then the Annual Percentage Rate will be 297.82%. This will result in a Finance Charge of $1,586.56, and a total amount paid of $3,086.56 at the end of the loan cycle. For the 13-payment, bi-monthly option, the APR will 295.75% with a Finance Charge of $1,566.44. The total amount paid for this plan would come out to $3,066.44 on the initial $1,500 loan.

Use Promo Code: INSTL30

Get a 30% rebate on your first two installment loan payments with code INSTL30+++

Remember, these percentages are based on this initial loan amount, and would change depending on that number. The fact remains, installment loans are a strong safety net for borrowers, giving them the luxury of selecting a plan that aligns with their unique income and expenses.

The requirements to prequalify for an installment loan are identical to payday loans. Currently, you must meet the following criteria to apply with CashNetUSA:

  • Have an active checking account
  • Have been employed for at least one month
  • Be a U.S. citizen or permanent resident
  • Be at least 18 years old

Do You Think I Will Prequalify for Missouri Installment Loans?

If you meet the above requirements, then we don’t see why you wouldn’t be able to prequalify for our Missouri installment loans. If you’re having a hard time dealing with your emergency expenses, don’t think twice about turning to an online lender that has already served over one million satisfied customers.

With the current state of the economy, we’re well aware that finding — and keeping — a job is easier said than done. To prevent losing your job, or to help you in your current search for one, consider entering into one of these top nine fields in our state:

  1. Trade, transportation and utilities
  2. Education and Health Services
  3. Government
  4. Financial Activities
  5. Leisure and Hospitality
  6. Manufacturing
  7. Other Services
  8. Mining, Logging and Construction
  9. Information

I want to know more!

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*CashNetUSA and third-party lender funds are generally deposited via ACH for delivery next business day if approved by 9pm CT Mon. – Thu. or by 7pm CT Sun.

CA residents: CashNetUSA California Finance Lenders License file no. 603 H010, DE residents: Licensed by Delaware State Bank Commissioner License #9546 Exp. 12/31/2014, OH residents: Ohio Credit Services Organization Certificate of Registration no. CS.900076.000.

**Not all loan applications or extension requests are approved. Due to state and verification requirements, not all applicants for online loans may be eligible for instant approval by CashNetUSA or third-party lenders.

***Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria.

†CashNetUSA or third-party lender does not perform traditional credit checks as part of its credit transaction approval process, but does verify applicant information via national databases including, but not limited to, Clarity. If you have defaulted on past transactions, you may be declined for a cash advance from CashNetUSA.

‡Maximum funded amount for payday loans or installment loans depends on qualification criteria and state law. See Rates and Terms for details.

++Please see Rates and Terms to check the availability of online loans and extensions in your state. CashNetUSA is not a lender in all states. In some states, CashNetUSA will (i) act as a Credit Service Organization to arrange a loan between you and a third-party lender, or (ii) in Texas, act as a Credit Access Business between you and a third-party lender.

+++If you are a Payday, CSO, or CAB customer, discount will be applied to the initial loan fee, CSO fee, or CAB fee, respectively. If you are an Installment or Installment-Payday customer, the rebate shall be calculated by multiplying the percent discount by the first two scheduled installment payments of your loan. However, the rebate shall not exceed the actual amount of accrued interest paid on the Installment loan or fees paid on the Installment-Payday loan. Rebate shall be paid via bank account ACH credit upon full repayment of the loan, and is contingent upon a minimum of two installment payments made. Discount not valid for the CashNetUSA line of credit product. Promotions are not available in all states. Please see your state's Rates and Terms for additional details. Unless otherwise specified, promo codes must be entered at the time of application, can be used only once, and may not be combined with any other offers or Preferred Member benefits.

1Must be 21 years of age for Mississippi residence and 19 years of age for Alabama and Delaware residence.

Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.