Hopkins at a glance
- Population: roughly 447 people; 486th of 937 places in Missouri (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 468 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: a loss of about 4.5% since the 2020 count (US Census Bureau).
- Rank among Missouri places: 486th largest of 937 (US Census Bureau).
- Size percentile: ahead of around 48% of Missouri places in population terms (US Census Bureau).
- Coordinates: 40.5512 / -94.8170, per the US Census Bureau Gazetteer.
- Nearest larger cities: Bedford, IA (10 mi); Maryville, MO (15 mi); Burlington Junction, MO (15 mi); Clarinda, IA (17 mi); Grant City, MO (22 mi); US Census Bureau population estimates.
- Nearest smaller towns: Pickering, MO (7 mi); Sheridan, MO (11 mi); Braddyville, IA (11 mi) (US Census Bureau).
What a personal loan costs in Hopkins
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Missouri lending rules that apply in Hopkins
The table lists the Missouri rules that apply to a loan made in Hopkins, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Hopkins
Before you share your details with a lender in Hopkins:
- 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.