- Payday loans in Beloit follow Kansas law (Kansas Consumer Credit Code, K.S.A. 16a-2-404).
- Borrowing $300 at the state maximum costs $45 (15% fee).
- 1 credit union is headquartered in Beloit; ask about small-dollar loans before borrowing.
Beloit at a glance
| Beloit | |
|---|---|
| Population (2024 Census estimate) | 3,400 |
| Change since 2020 | +0.3% (holding steady) |
| County | Mitchell County |
| Size rank among 367 Kansas places we cover | 85th |
| Nearest larger city | Salina (about 52 miles) |
| Credit unions headquartered in town (NCUA) | 1 |
| Credit unions headquartered in Mitchell County | 1 |
| Other towns within 25 miles | 8 (about 3,799 residents) |
| Typical payday APR statewide (CRL 2023) | 391% |
Payday lending in Beloit follows Kansas state law. Lenders that serve Beloit, in a store or online, must be licensed by the Kansas Office of the State Bank Commissioner.
Credit unions in Beloit
These credit unions have their main office in Beloit, according to NCUA call report data (June 2026):
- Farmway Credit Union (state charter)
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Beloit
The main Kansas rules for a payday loan in Beloit: maximum loan: $500; maximum fee: 15% of the amount advanced; loan term: 7 to 30 days. See the full Kansas payday loan rules.
What a $300 loan costs in Beloit
At Kansas’s maximum fee, borrowing $300 costs $45 (15% fee). Statewide, the typical APR on a $400 payday loan was 391% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Mitchell County before you borrow
- Call or text 211 for help with rent, utilities and food in Mitchell County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Beloit
The nearest larger city is Salina, about 52 miles away. See all 367 Kansas cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Beloit?
Yes. Payday loans are legal in Beloit under Kansas state law, and lenders must be licensed by the Kansas Office of the State Bank Commissioner.
How much does a payday loan cost in Beloit?
At Kansas’s maximum fee, borrowing $300 costs $45 (15% fee). The typical statewide APR was 391% in 2023.
Are there credit unions in Beloit?
Yes. NCUA data lists 1 credit union with a main office in Beloit, including Farmway Credit Union.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- K.S.A. 16a-2-404
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary