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Compare your loan options in Kansas

Payday loans can be costly, so familiarize yourself with the fees before you borrow.

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By

Aliyyah Camp

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When you have unplanned expenses and are on a tight budget, a payday loan could be helpful. Payday loans, a type of short-term loan, give you quick access to money when you need it. Read on to find out about the laws in Kansas and everything else you should know about how payday advances work.

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Name Product Filter Values Loan amount Turnaround time Requirements
Brigit
Not rated yet
Brigit
Up to $250
1 to 3 days or same-day in some circumstances
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
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OppLoans Installment Loans
Finder Rating: 4.4 / 5: ★★★★★
OppLoans Installment Loans
$500 to $4,000
1 business day
+18 years old, Direct deposit, Meet minimum income requirements, Live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Go to site
More Info
Possible Finance Mobile Installment Loans
Up to $500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 21 states.
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LendYou Short-term Loans
Finder Rating: 2.5 / 5: ★★★★★
LendYou Short-term Loans
$100 to $2,500
Same business day to 1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Go to site
More Info
MoneyLion Instacash advances
$250, $1000 with RoarMoney account
3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account
Bank account must have at least 60 days of activity, show recurring deposits and must have a positive balance
Fee-free, interest-free cash advances up to $250.
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More Info
Fast5kLoans Short-term Loans Connection Service
Finder Rating: 3.5 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
As soon as the next business day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
Go to site
More Info
CashNetUSA Loan
Finder Rating: 3.6 / 5: ★★★★★
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
Go to site
Monevo Installment Loans
$500 to $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.
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More Info
Brigit
Not rated yet
Brigit
Up to $250
1 to 3 days or same-day in some circumstances
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
Go to site
More Info
OppLoans Installment Loans
Finder Rating: 4.4 / 5: ★★★★★
OppLoans Installment Loans
$500 to $4,000
1 business day
+18 years old, Direct deposit, Meet minimum income requirements, Live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Go to site
More Info
Possible Finance Mobile Installment Loans
Up to $500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 21 states.
Go to site
More Info
LendYou Short-term Loans
Finder Rating: 2.5 / 5: ★★★★★
LendYou Short-term Loans
$100 to $2,500
Same business day to 1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Go to site
More Info
MoneyLion Instacash advances
$250, $1000 with RoarMoney account
3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account
Bank account must have at least 60 days of activity, show recurring deposits and must have a positive balance
Fee-free, interest-free cash advances up to $250.
Go to site
More Info
Fast5kLoans Short-term Loans Connection Service
Finder Rating: 3.5 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
As soon as the next business day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
Go to site
More Info
CashNetUSA Loan
Finder Rating: 3.6 / 5: ★★★★★
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
Go to site
Monevo Installment Loans
$500 to $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.
Go to site
More Info
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When you’re in need of quick funding to get through a gap in the budget or an emergency expense, you may be thinking of taking out a payday loan. When you know how much you’ll need to spend to avoid too much debt, they can be a good option. Our page on the laws and regulations surrounding payday lending in Kansas will help you make the best decision for your budget.

Can I get a payday loan in Kansas?

Yes, you can apply for a payday loan if you’re a resident of Kansas. Loans are governed by Kansas Statutes § 16a-2-404 and -405.

Here are the terms your loan must follow:

  • Maximum Loan Amount: $500
  • Loan Term: 7 to 30 days
  • Financing fees: 15% of the principal
  • APR: A 14-day $100 loan has an APR of 390%
  • Collection fees: Lenders may charge one collection fee

What does Kansas not allow payday lenders to do?

Kansas law doesn’t permit rollovers or refinancing of your loan. Kansas law also doesn’t require lenders to provide a repayment plan, but you may be able to work one out if you ask your lender.

How can I apply?

Applying for a payday loan is a straightforward process. To qualify, you’ll have to be at least 18 years old, a citizen or permanent resident of the US and have a regular source of income.

Most lenders will also want you to supply your Social Security number to confirm your identity, and the application usually has questions regarding your employment, income and personal information.

If you’re applying online, you’ll likely need to provider your checking account number as well. This allows the lender to deposit the approved funds into your bank account and debit payments when they’re due.

Lawmakers are considering introducing a bill that would limit the maximum APR to 36%. This is still being discussed and hasn’t happened yet, but it would follow the national trend seeking to limit the high interest rates associated with payday lending.

Keep an eye out for changes in the coming years — while lenders may fight against it, a 36% APR is beneficial to consumers.

What are the pros and cons of taking out a payday loan in Kansas?

Before applying, you’ll want to weigh the benefits and drawbacks of this high-cost loan. Here are a few to consider:

Pros

  • Qualify with bad credit. Even if you have less-than-perfect credit, many payday lenders could approve your application. They tend to consider your income in relation to the amount you want to borrow as more important.
  • Low income is OK. You’ll need to demonstrate that you can afford to repay your loan. That being said, income requirements usually aren’t high for payday lenders in Kansas. Many don’t have a set minimum and others start at $800 per month.
  • Fast turnaround. You could get your approved funds as soon as the next business day with some lenders. This depends on the time of day you apply and if any additional verification is needed.

Cons

  • High costs. With a maximum APR limit of 390%, payday loans in Kansas could end up costing you over $100 in finance charges alone.
  • Repeat borrowing. Many borrowers find themselves taking out loans multiple times as they depend on it for unexpected expenses. To avoid a payday loan cycle, consider ways to keep your debt down and have more free cash throughout the month.

Alternatives to consider

It’s important to understand that payday loans are high-cost solutions to a short-term need for emergency cash. When you have ongoing financial issues, it may be better to look into some alternatives ways to get funding.

Kansas offers assistance through The Successful Families Program and the Kansas Department of Children and Families. Other options for quick funding include getting a cash advance from an employer or an active credit card, asking friends and/or family for help or simply negotiating with your creditors for lower payments.

View more payday loan alternatives here

Have any more questions about payday loans?

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    One Response

      Avatarfinder Customer Care
      JoshuaMay 21, 2019Staff

      Hi Christa,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Yes, it is possible for you to get a $500 loan provided that you meet their eligibility requirements. However, since many of your options may fall into the short-term loan category, it will likely cost you more than the average personal loan.

      To know more about how to get a loan without a bank account, please go to this page. On that page, you will see a table that allows you to conveniently compare your options for getting a loan without a bank account. The table compares your options based on loan type, eligibility, and cost, to name a few. Once you found the right one for you, click on the redirect green button to learn more or initiate your application.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

      Reply
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