Missouri pawn loan calculator
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EstimateMissouri
$10
maximum charge for the first month
- Total charges
- $10
- To get your item back
- $510
- Monthly rate
- 2.0%
Maximum allowed by state law. A pawn shop can charge less; your pawn ticket shows the real amount.
Pawn shops by city in Missouri
Missouri pawn loan rules
| Maximum charge | Interest up to 2% a month; storage and security fees are allowed on top, without a fixed cap in the law. |
| Loan term | 30 days from the contract or the last extension. |
| Grace period | The pawnbroker must keep the item 60 days after default before taking title. |
| ID required | You must be 18. |
| Renewals | 30-day extensions. |
What a pawn loan costs in Missouri
| Loan | First month (max) | To redeem after 1 month |
|---|---|---|
| $100 | $2 | $102 |
| $250 | $5 | $255 |
| $500 | $10 | $510 |
| $1,000 | $20 | $1,020 |
| $2,000 | $40 | $2,040 |
These are ceilings. The charge on your pawn ticket can be lower, and the ticket must show it with the annual percentage rate. To see two or more months, change the months in the calculator above.
Before you pawn in Missouri
- Bring a valid government-issued photo ID.
- Missouri ID rule: You must be 18.
- Ask for the total to redeem on the due date and the last day of the grace period.
- Compare at least two shops: see pawn shops in Springfield or Kansas City.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much does a $500 pawn loan cost in Missouri?
At the legal maximum, $10 for the first month, so $510 to get the item back after one month. A $1,000 loan costs up to $20 for the first month. Shops can charge less.
How long does a pawn shop hold my item in Missouri?
Loan term: 30 days from the contract or the last extension. Grace period: The pawnbroker must keep the item 60 days after default before taking title.
What ID do I need to pawn in Missouri?
You must be 18.
How many pawn shops are listed in Missouri?
48 pawn shops in 4 cities: Springfield, Kansas City, St. Louis, Columbia.
Sources
- RSMo §367.021: revisor.mo.gov
- RSMo§367.040: revisor.mo.gov