Iron Mountain Lake at a glance
- Population: a Census-estimated 646, placing it 417th among Missouri's 937 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 642 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: population rose about 0.6% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Missouri places: 417th of 937 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 55% of places in Missouri are smaller (US Census Bureau).
- Coordinates: latitude 37.6909, longitude -90.6217 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Pilot Knob, MO (5 mi); Bismarck, MO (5 mi); Ironton, MO (7 mi); Park Hills, MO (11 mi); Leadwood, MO (12 mi) (US Census Bureau).
- Smaller places close by: Arcadia, MO (7 mi); Caledonia, MO (10 mi); Irondale, MO (10 mi) (US Census Bureau).
What a personal loan costs in Iron Mountain Lake
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Missouri lending rules that apply in Iron Mountain Lake
The sourced rows below are the rules a licensed lender must follow when lending in Missouri, and therefore in Iron Mountain Lake.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Iron Mountain Lake
The steps below are worth completing first when you borrow in Iron Mountain Lake:
- 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.