Payday Loans in Franklin, Kansas

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No payday loan companies in Franklin, KS. Consider companies in other cities:

Company nameAddressZip codePhone number
First National Bank-Scott City 501 Main St, Scott City, KS 67871 +1 (620) 872 - 2143
Extra Cash 16011 College Blvd, Shawnee Mission, KS 66219 +1 (913) 310 - 9292
Capitol Federal Savings Bank 3450 N Maize Rd, Wichita, KS 67205 +1 (316) 689 - 3252
The Bank 101 Front St, Winona, KS 67764 +1 (785) 846 - 7476
State Bank of Spring Hill 201 S Webster St, Spring Hill, KS 66083 +1 (913) 592 - 3326
Country Club Bank 11181 Overbrook Rd, Leawood, KS 66211 +1 (816) 751 - 4251
FRONTIER ADJUSTERS of Olathe/Overland Park, Kansas City Metro, Wichita, Topeka, Salina and Chanute, Kansas. 4000 W 6th St Suite B, 111, Lawrence, KS 66049 +1 (785) 393 - 1319
U.S. Bank ATM - White Lakes 3600 SW Topeka Blvd, Topeka, KS 66611 +1 (800) 872 - 2657
American AgCredit 925 W Magnolia Rd, Salina, KS 67401 +1 (785) 825 - 4641
Peoples Bank and Trust 201 S Main St, Lindsborg, KS 67456 +1 (785) 227 - 2991

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Franklin, KS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Wichita, KS, Guaranteed Loans in Hutchinson, KS, Same Day Loans in Kansas City, KS, Payday Loan Companies in Lawrence, KS, Payday Loans in Leavenworth, KS, Payday Loans in Leawood, KS, Short-term Loans in Lenexa, KS and Online Loans in Manhattan, KS. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Franklin, KS.

Payday Loans Available in Franklin, KS By The Following ZIP Codes:

66735

Are Payday Loans Legal In Franklin, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to Franklin, Kansas residents may only be for $500 for the first loan and $300 for each additional loan. The lender must give a monthly statement in which the borrower will see how much money was borrowed, how much was repaid, and how much the total cost of the loan is. The Kansas Finance Charge on payday loans is a standard $15 per $100 borrowed. The APR for payday loans in Franklin, Kansas is 391%.

Multiple payday advances are not allowed and banks cannot make loans to the same borrower for more than $500 on the borrower’s written agreement. There must be at least 7 days between successive loans and the lender must return a payment made before deducting finance charges if the lender could not reasonably have expected the advance to be paid.

Kansas Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)391
Maximum Loan Amount$500
Minimum Loan Term7 days
Maximum Loan Term30 days
Number of Rollovers AllowedNot specified
Finance Charges15% of the amount advanced

Franklin, KS payday loan calculator

Payday Loans in Franklin, Kansas: Understanding Your Options

When unexpected expenses arise before payday, it can be stressful and disorienting. Fortunately, there are resources designed to help people meet short-term financial needs. Among these resources are payday loans.

In Kansas, payday loans are legal, and there are a number of lenders based in Franklin, Kansas, and the surrounding area. But what are payday loans, exactly? In this article, we’ll explain the basics of payday loans, discuss their pros and cons, and explore how you can get a payday loan in Franklin, Kansas.

What Are Payday Loans?

Put simply, a payday loan is a short-term, high-interest loan that’s designed to be repaid on or just after your next payday. They’re generally designed to be quick and easy to obtain, with lending decisions often made on the same day that you apply.

Unlike other loans, payday loans don’t typically require collateral or good credit. Instead, the primary requirements are that you have a regular source of income and a checking account. You’ll typically borrow an amount that’s equivalent to a portion of your paycheck – for example, $500 – and repay it when you receive your next paycheck.

The Pros and Cons of Payday Loans

As with any financial product, payday loans have both pros and cons. Here are some to consider before you decide whether to take out a payday loan:

Pros:

  • Easy to qualify for: Because payday loans don’t typically require collateral or good credit, they’re one of the easiest loans to qualify for.
  • Quick funding: If you need cash quickly, payday loans can provide funding in as little as a day. This can be a lifesaver if you need funds urgently.
  • Flexibility: Payday loans don’t have many of the restrictions that come with traditional loans. You can use the funds for whatever you need, whether that’s rent, groceries, or medical bills.

Cons:

  • High interest rates: Payday loans have some of the highest interest rates of any type of loan. This can make them expensive to repay.
  • Short repayment periods: Because payday loans are designed to be repaid on your next payday, you’ll typically have only a few weeks to repay the loan. This can be difficult if you don’t have enough funds to make the repayment.
  • Cycle of debt: If you’re unable to repay the loan on time, you may roll it over and incur additional fees and interest. This can create a cycle of debt that can be difficult to break.

How to Get a Payday Loan in Franklin, Kansas

If you’re considering a payday loan in Franklin, Kansas, there are a few things you need to know. First, it’s important to understand that TheGuaranteedLoans is a connector service, not a lender. We can connect you with potential lenders in your area, but we’re not the ones lending the money.

To apply for a payday loan through our website, simply fill out the online application form. You’ll need to provide some basic information about yourself, including your name, address, and employment. Once you submit the application, we’ll match you with potential lenders in your area. If you’re connected with a lender, you’ll be redirected to their website to complete the application process.

Interesting Facts and Statistics about Payday Loans in Franklin, Kansas

  • According to a survey conducted by the Kansas Legislative Research Department, there were 326 licensed payday lending locations in Kansas as of June 30, 2020.
  • The average payday loan in Kansas is $382, with an average interest rate of 391%.
  • As of 2019, the median household income in Franklin, Kansas was $52,979.
  • In 2019, there were 3,835 payday loans made in Franklin, Kansas, according to the Kansas Office of the State Bank Commissioner.

Apply Now for a Payday Loan in Franklin, Kansas

If you’re in need of a payday loan in Franklin, Kansas, we’re here to help. At TheGuaranteedLoans, we specialize in connecting people with potential lenders in their area. To get started, simply fill out our online application form. Remember, payday loans can be a useful resource in times of financial need – but make sure you’re aware of the pros and cons before you apply.

F.A.Q.

Can I file for bankruptcy to discharge my payday loan debt in Franklin, Kansas?

Yes, you can file for bankruptcy to discharge your payday loan debt in Franklin, Kansas. However, keep in mind that bankruptcy is a serious decision that can have long-term consequences on your credit and financial situation. It is recommended to explore all other options before considering bankruptcy.

Are there any protections for military members in Franklin, Kansas when it comes to payday loans?

Yes, there are special protections for military members in Franklin, Kansas when it comes to payday loans. For example, lenders are prohibited from charging more than 36% annual interest on loans to active duty military members and their dependents.