Payday Loans in Rantoul, Kansas

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

Company nameAddressZip codePhone number
Commercial Bank 1315 S Santa Fe Ave, Chanute, KS 66720 +1 (620) 431 - 3200
Peoples State Bank 610 W 2nd St, Oakley, KS 67748 +1 (785) 672 - 4448
Landmark National Bank 208 S Washington St, Junction City, KS 66441 +1 (785) 762 - 5634
Bennington State Bank 2130 S Ohio St, Salina, KS 67401 +1 (785) 827 - 5522
Cash Box 703 S 14th Ave, Dodge City, KS 67801 +1 (620) 408 - 9006
Check n Go 630 North Kansas Road, Liberal, KS 67901 +1 (620) 624 - 7355
LendNation 7637 Metcalf Ave, Overland Park, KS 66204 +1 (866) 436 - 7124
Cash 2 Go Lansing 617 N Main St, Lansing, KS 66043 +1 (913) 250 - 0008
First National Bank & Trust Co 702 N Washington St, Junction City, KS 66441 +1 (785) 762 - 4121
ACE Cash Express 6427 State Ave, Kansas City, KS 66102 +1 (913) 334 - 6699

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Rantoul, KS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Shawnee, KS, Guaranteed Loans in Topeka, KS, Bad Credit Loans in Wichita, KS, No Credit Check Loans in Hutchinson, KS, Same Day Loans in Kansas City, KS, Payday Loans in Lawrence, KS, Emergency Loan in Leavenworth, KS and Same Day Loans in Leawood, 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 Rantoul, KS.

Beautiful sights of Rantoul, KS

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

66079

Are Payday Loans Legal In Rantoul, Kansas?

Loan Rates and Fees, Laws and Regulations in Kansas.

Payday loans made to Rantoul, 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 Rantoul, 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

Rantoul, KS payday loan calculator

Payday Loans in Rantoul, Kansas: Everything You Need to Know

If you’re in need of quick cash to cover unexpected expenses, a payday loan might seem like a viable solution. However, before you take the leap, it’s important to understand the ins and outs of payday loans in Rantoul, Kansas. In this article, we’ll cover everything you need to know about payday loans, including their benefits and drawbacks, eligibility criteria, laws and regulations, and more.

What are payday loans?

Payday loans are short-term loans designed to help borrowers cover urgent expenses, such as medical bills, car repairs, or overdue bills. They are typically due on the borrower’s next payday, hence the name “payday loan.” Unlike traditional loans, which might require extensive credit checks and collateral, payday loans are generally easier to qualify for and have more relaxed eligibility criteria.

Benefits

One of the main benefits of payday loans is that they are relatively easy to obtain. Unlike traditional loans, which can take days or even weeks to process, payday loans are often available within hours of application. This makes them an attractive option for borrowers in need of quick funds. Additionally, payday loans don’t require collateral, which means that borrowers don’t have to put their assets on the line to secure the loan.

Drawbacks

However, like any other financial product, payday loans have their drawbacks. One of the main drawbacks of payday loans is their high-interest rates. Because payday loans are short-term loans, lenders often charge significantly higher interest rates to offset the risk of default. Additionally, if a borrower fails to repay the loan on the due date, they might face additional interest, fees, and even legal action.

Eligibility Criteria

Eligibility criteria for payday loans in Rantoul, Kansas, vary from lender to lender. However, most lenders require borrowers to:

  • Be at least 18 years old
  • Have a valid ID
  • Have an active checking account
  • Provide proof of income

Some lenders might also require borrowers to have a certain credit score or income level.

Applying for a Payday Loan in Rantoul, Kansas

To apply for a payday loan in Rantoul, Kansas, you can either apply in person or online. Online applications are typically faster and more convenient, as they allow you to apply from the comfort of your home. Before submitting an application, make sure to read the lender’s terms and conditions carefully to get a clear understanding of the loan’s interest rate, fees, and due date.

Laws and Regulations

In Kansas, payday loans are legal and regulated by the Kansas Department of Financial Institutions. According to state law, lenders can charge up to 15% interest on payday loans of up to $500. Additionally, lenders are required to provide borrowers with a written agreement that includes the loan’s terms and conditions and any additional fees or charges. Borrowers have the right to rescind the loan within two business days without facing any penalty.

Interesting Facts and Statistics

  • In 2018, the average payday loan in Kansas was $372.
  • Between 2006 and 2012, payday lenders in Kansas charged an average interest rate of 391%.
  • As of 2020, there were over 300 payday lending locations in Kansas.

Apply Now

If you’re in need of quick cash in Rantoul, Kansas, TheGuaranteedLoans can help you connect with potential lenders. We are a connector service, not a direct lender, which means that we’ll facilitate your connection with lenders that might be able to meet your financial needs. To apply for a payday loan, fill out our online application now and we’ll do our best to connect you with the right lender for your needs.

Remember, payday loans can be a useful tool for borrowers in need of quick cash. However, they should be used responsibly and only as a last resort. Make sure to read the loan agreement carefully and understand the loan’s interest rate, fees, and due date before taking out a payday loan. In addition, only borrow what you can afford to repay, and don’t get trapped in a cycle of debt.

F.A.Q.

Can a payday lender take legal action against me in Rantoul, Kansas if I default on my loan?

Yes, if you default on your payday loan in Rantoul, Kansas, the lender may take legal action to recover the funds. This could include wage garnishment, a judgment against you, or other legal action. It is important to communicate with the lender and try to come up with a repayment plan if you are unable to make your payments on time.

Can a payday lender garnish my wages in Rantoul, Kansas if I default on my loan?

Yes, if you default on your payday loan in Rantoul, Kansas, the lender may be able to garnish your wages to recover the funds. This means that a portion of your paycheck will be withheld and used to pay off your debt.