South Gorin at a glance
- Population: 63, the 856th-largest community in Missouri out of 937 (US Census Bureau, Vintage 2023).
- 2020 Census base: 64 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: down about 1.6% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Missouri places: the 856th-largest of 937 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 9% of places in Missouri rank below it by population (US Census Bureau).
- Coordinates: 40.3585 latitude, -92.0253 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Rutledge, MO (4 mi); Wyaconda, MO (6 mi); Luray, MO (10 mi); Memphis, MO (10 mi); Baring, MO (12 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Arbela, MO (7 mi); Granger, MO (8 mi); Newark, MO (25 mi) — US Census Bureau populations.
What a personal loan costs in South Gorin
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
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.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Missouri lending rules that apply in South Gorin
The table lists the Missouri rules that apply to a loan made in South Gorin, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in South Gorin
Here is a short checklist for comparing personal loans in South Gorin:
- 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.