Ridgeway at a glance
- Population: about 378, 526th by size in Missouri of 937 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 376 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a gain of roughly 0.5% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Missouri places: 526th-largest of 937 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it is larger than about 44% of the places in Missouri (US Census Bureau).
- Coordinates: latitude 40.3778, longitude -93.9378 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Bethany, MO (9 mi); Lamoni, IA (17 mi); Princeton, MO (18 mi); Albany, MO (23 mi); Grant City, MO (26 mi) (US Census Bureau populations).
- Nearest smaller communities: Blythedale, MO (7 mi); Eagleville, MO (7 mi); Mount Moriah, MO (8 mi) (Census populations).
What a personal loan costs in Ridgeway
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
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 Ridgeway
The table lists the Missouri rules that apply to a loan made in Ridgeway, each with the regulator that published it.
| 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 Ridgeway
Here is a short checklist for comparing personal loans in Ridgeway:
- 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.