Missouri Schedule of Fees and Charges
DISCLOSURE OF AVAILABLE CREDIT PRODUCTS
The following is a description of all credit products that are available in this TitleMax office
TitleMax of Missouri, Inc. ("Lender") is licensed and regulated by the Missouri Division of Finance and makes secured consumer installment loans and unsecured personal installment loans pursuant to Rev. Stat. Mo. Chapters 367 and 408. The complete schedule of fees and charges for Lender's installment loans is set forth below.
In the example transaction examples shown below, the final scheduled payment amount typically differs from the standard payment amount. All transaction examples and APRs are examples only; actual periodic payment amounts and APRs may be higher or lower depending on the month and date of loan origination. Applicants must meet all Lender underwriting criteria.
Secured Installment Loan:
- Loan Amounts: $100 - $10,100
- Loan Amounts and Terms: up to $10,000; monthly payments; repayable over 24-48 months.
- Interest Rates: As shown below. Interest rates are determined based on the creditworthiness of the consumer and whether the consumer has done business with Lender previously. More creditworthy consumers and consumers who have a good history with Lender may qualify for annual interest rates at the lower end of the range. Lower promotional rates may apply.
- Lien Filing Fee: $20.50 paid to the Department of Motor Vehicles to perfect Lender's lien on the motor vehicle collateral. Lien filing fees for other states may vary. The lien filing fee is included in the Amount Financed.
- Late Fee: $15 or 5% of the unpaid amount of any installment not paid within 15 days, whichever is greater (maximum of $50), or $5 if the scheduled installment amount is $25 or less.
- Required Qualifications: Clear title to a qualifying motor vehicle.
| Loan Amount (Amount Financed) |
Annual Interest Rate | Loan Term |
|---|---|---|
| $100 - $649.99 | 179.88% - 227.88% | 24 Months |
| $650.00 - $1,049.99 | 167.88% - 215.88% | 24 Months |
| $1,050.00 - $1,549.99 | 155.88% - 215.88% | 24 Months |
| $1,550.00 - $2,049.99 | 143.88% - 203.88% | 24 Months |
| $2,050.00 - $3,049.99 | 143.88% - 191.88% | 24 Months |
| $3,050.00 - $5,049.99 | 143.88% - 179.88% | 36 Months |
| $5,050.00 + | 131.88% - 155.88% | 48 Months |
| Secured Installment Loan Transaction Examples (Non-Motorcycle Collateral, Inc. Lien Filing Fee of $20.50) | |||||
|---|---|---|---|---|---|
| Amount Financed | Annual Inerest Rate | Monthly Payment | Finance Change | Total of Payments | Annual Percentage Rate (APR) |
| $520.50 | 227.88% | 23 payments of $100.82 1 payment of $101.22 |
$1,899.58 | $2,424.08 | 228.92% |
| $720.50 | 215.88% | 23 payments of $132.87 1 payment of $133.25 |
$2,468.76 | $3,189.26 | 217.22% |
| $1,220.50 | 215.88% | 23 payments of $225.08 1 payment of $225.58 |
$4,181.92 | $5,402.42 | 217.22% |
| $1,720.50 | 203.88% | 23 payments of $300.90 1 payment of $300.86 |
$5,501.06 | $7,221.56 | 205.11% |
| $2,520.50 | 191.88% | 23 payments of $417.03 1 payment of $418.30 |
$7,489.49 | $10,009.99 | 193.01% |
| $4,020.50 | 179.88% | 35 payments of $609.47 1 payment of $607.37 |
$17,918.32 | $21,938.82 | 180.74% |
| $7,520.50 | 155.88% | 47 payments of $983.32 1 payment of $982.85 |
$39,678.39 | $47,198.89 | 156.47% |