Lake Lotawana at a glance
- Population: roughly 2,515 people; 210th of 937 places in Missouri (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 2,307 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population rose about 9.0% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Missouri places: 210th by size among 937 communities (US Census Bureau).
- Size percentile: about 78% of Missouri's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 38.9038, -94.2584 in the US Census Bureau Gazetteer.
- Nearest larger cities: Greenwood, MO (6 mi); Pleasant Hill, MO (7 mi); Lee's Summit, MO (7 mi); Blue Springs, MO (7 mi); Grain Valley, MO (8 mi), each a US Census place with its estimated population.
- Smaller places nearby: Lone Jack, MO (5 mi); Baldwin Park, MO (8 mi); Lake Winnebago, MO (8 mi), per US Census Bureau estimates.
What a personal loan costs in Lake Lotawana
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Missouri lending rules that apply in Lake Lotawana
The sourced rows below are the rules a licensed lender must follow when lending in Missouri, and therefore in Lake Lotawana.
| 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 Lake Lotawana
These steps are the ones that most affect the offer you receive in Lake Lotawana:
- 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.