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Rates and rules

Kansas Loan Rates and Rules

Who regulates consumer lending in Kansas, how rates are set, and how to check a lender and its rate before you borrow. For new requests SET Financial is not the lender: it connects Kansas residents with third-party lenders who set all rates and terms.

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This page is general information, not a rate quote. Not everyone who applies will be matched or approved.

Who regulates consumer lending in Kansas

Consumer lending in Kansas is governed by the Kansas Uniform Consumer Credit Code (UCCC), K.S.A. 16a-1-101 et seq., which is administered by the Office of the State Bank Commissioner. Under the UCCC, finance charges on consumer loans are tiered by loan amount, with commonly cited maximum rates of about 21 percent on the first $300, 18 percent on amounts from $300 to $1,000, and 14.45 percent on amounts above $1,000. Lenders making supervised loans to Kansas consumers must be licensed by the state. SET Financial does not lend and does not set rates. Your actual APR, fees, and terms are disclosed by the lender in your loan agreement.

Regulator: Kansas Office of the State Bank Commissioner, Consumer and Mortgage Lending Division.

How to check a lender before you borrow

Before you sign, confirm the lender is authorized to lend in Kansas and review the APR, fees, and payment schedule printed on your loan agreement.

Many consumer lenders are also listed on NMLS Consumer Access, a national database you can search for free to confirm a company's license status and history.

Search NMLS Consumer Access

The four numbers to compare on any offer

A regulator's rules tell you about the lender. These tell you about the loan. Whoever you borrow from, and whether or not you use this site, compare offers on the same four things:

  • APR. The annualized cost including most fees. It is the only number that lets you compare two different loans honestly.
  • Total repayment amount. Principal plus every finance charge over the full term. A lower monthly payment stretched longer often costs more overall.
  • Term and payment schedule. How many payments, how often, and the exact due dates measured against when you actually get paid.
  • Fees and prepayment terms. Origination, late, and returned-payment fees, and whether paying the loan off early saves you interest.

Your loan agreement is the number that governs

Federal Truth in Lending rules require the lender to disclose the APR, finance charge, amount financed, and total of payments on the loan agreement before you sign. Any rate you see in marketing, including on this site, is general information. The figures on your own signed agreement are what actually apply to your loan.

Common questions about Kansas rates

Who regulates consumer loans in Kansas?

Consumer lending is governed by the Kansas Uniform Consumer Credit Code (K.S.A. 16a-1-101 et seq.), administered by the Kansas Office of the State Bank Commissioner, Consumer and Mortgage Lending Division.

What will my interest rate and APR be?

SET Financial does not set rates. Under the Kansas UCCC, finance charges are tiered by loan amount. Your exact APR, fees, and terms are set by the lender and disclosed in your loan agreement.

This page is general information about Kansas lending rules, not legal or financial advice, and it is not a rate quote. Rules change; confirm anything that matters to your situation with the Kansas Office of the State Bank Commissioner, Consumer and Mortgage Lending Division or a qualified advisor. SET Financial is not the lender on new requests and does not set the rates, fees, terms, or approval decisions of the third-party lenders in its network.

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