Ash Grove at a glance
- Population: about 1,505, 282nd by size in Missouri of 937 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,516 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 0.7% lower than the 2020 Census base (US Census Bureau).
- Rank among Missouri places: 282nd by size among 937 communities (US Census Bureau).
- Size percentile: it is larger than about 70% of the places in Missouri (US Census Bureau).
- Coordinates: it sits at 37.3185, -93.5800 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Willard, MO (9 mi); Republic, MO (14 mi); Springfield, MO (18 mi); Battlefield, MO (18 mi); Mount Vernon, MO (20 mi) (US Census Bureau).
- Nearest smaller communities: Walnut Grove, MO (7 mi); Everton, MO (7 mi); Halltown, MO (9 mi) (Census populations).
What a personal loan costs in Ash Grove
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Missouri lending rules that apply in Ash Grove
The Missouri rate caps and licensing rules that reach Ash Grove are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal and licensed — unsecured loans of $500 or less require a license from the Director of the Division of Finance (RSMo § 408.500) Source says: "in the business of making unsecured loans of five hundred dollars or less shall obtain a license from the director of the division of finance" | Missouri Revisor of Statutes as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer credit lenders licensed and regulated by the Division of Finance's consumer credit section (Chapters 367 and 408, RSMo) Source says: "The consumer credit section of the Missouri Division of Finance is responsible for licensing and regulating various types of consumer finance companies" | Missouri Division of Finance as of 2026-09-16 |
| State lending regulator | Missouri Division of Finance (Department of Commerce and Insurance) Source says: "We regulate state-chartered banks, trust companies, consumer credit facilities, mortgage brokers, and savings and loan institutions" | Missouri Division of Finance as of 2026-09-16 |
| Additional loan fee cap (30+ day loans) | Up to 10% of principal, capped at $100 (RSMo § 408.140) Source says: "a fee, not to exceed ten percent of the principal amount loaned not to exceed one hundred dollars may be charged by the lender" | Missouri Revisor of Statutes as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per annum, or the higher published 'market rate' (RSMo § 408.030) Source says: "a rate of interest not exceeding ten percent per annum on money due or to become due upon any contract" | Missouri Revisor of Statutes as of 2026-09-16 |
How to compare offers in Ash Grove
The steps below are worth completing first when you borrow in Ash Grove:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Missouri using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.