Payday Loans and Cash Advance in Mississippi: Get Offers Online
Payday and installment loans in one short form, offers from licensed lenders, and money sent to your bank account if you are approved.
Estimate uses the maximum fee Mississippi law allows (Up to $20 per $100 advanced on checks up to $250; up to $21.95 per $100 advanced on checks over $250 to $500). Some lenders charge less. A typical two-week loan with a $15 per $100 fee has an APR near 400%. Your offer may differ.
Check my offers- Mississippi lenders must be licensed by the state
- Full cost and APR shown before you sign
- All credit types can apply; lenders may check credit
Payday Loans in Mississippi, requested online
Mississippi residents can request $100 to $410 online from any of the 440 Mississippi cities we cover. You fill in one form, lenders review it, and you see the full cost before you decide.
What Mississippi law says
- Maximum loan amount: $410.
- Fee limit: Up to $20 per $100 advanced on checks up to $250; up to $21.95 per $100 advanced on checks over $250 to $500.
- Maximum loan term: 30 days.
- Renewals: Illegal to renew, extend or roll over by paying only the fee; loan must be paid in full before a new one.
- Waiting period: no set waiting period; a new loan only after the previous one is paid in full.
- Payment plan: Borrower may ask for a payment plan; lender is not required to grant it.
- Loan limits: Several loans allowed with one lender but total checks may not exceed $500 including fees.
- Lenders must hold a license from the Mississippi Department of Banking and Consumer Finance and disclose fees and APR before you sign.
Good to know
- Maximum cash you can borrow is $410: a $500 check minus a $90 fee. No check may exceed $500.
- Fee limit is $20 per $100 advanced up to a $250 check, and $21.95 per $100 advanced for checks over $250 to $500.
- Renewing or rolling over a payday loan by paying only the fee is illegal.
- Only one $30 returned-check (NSF) fee may be charged, and only if disclosed in the agreement.
- You cannot be arrested for not repaying a payday loan, but the lender may sue in civil court.
- Complaints: Banking and Consumer Finance 1-800-844-2499 or Attorney General Consumer Protection 1-800-281-4418.
- Credit Availability loans of $500 or less must run 4 to 6 months; loans up to $3,250 run 6 to 12 months.
Why request online
Installment loans in Mississippi
Need more than $410 or more time to repay? Mississippi also allows small loans from licensed lenders, repaid in fixed monthly payments. Rates depend on the loan type and amount; the lender must show the APR and total cost before you sign.
- A payday loan fits a small, one-off gap you can repay in full on your next payday.
- An installment loan fits a larger amount or a budget that needs smaller monthly payments; check the total interest before you sign.
- Installment lenders need a license: Small loan license from the Mississippi Department of Banking and Consumer Finance (DBCF).
Illustration only. Your lender must disclose the APR, payment schedule and total cost before you sign.
How it works
Payday Loan Rules in Mississippi
| Maximum amount | Up to $500 including fees |
|---|---|
| Loan term | Up to 30 days; >$250 generally 28–30 days |
| Rate / fee rule | ≤$20 per $100 up to $250; ≤$21.95 per $100 above $250 to $500 |
| Regulatory basis | Miss. Code §75-67-501 et seq. |
Key Rules
- Different fee/term rules by transaction size
Regulatory reference: the statutes listed in this table and the state regulator. State rules can change; confirm current terms before borrowing.
Largest Mississippi cities
Questions people ask
Can I get a loan in Mississippi with bad credit?
Yes, you can apply with any credit history. Lenders look at your income and banking history, not only your credit score, but they may still check your credit and approval is not guaranteed. Compare the APR and total cost before you accept.
Are payday loans legal in Mississippi?
Yes. Lenders are licensed by the Mississippi Department of Banking and Consumer Finance under Miss. Code Ann. 75-67-501 et seq. (Check Cashers Act), 75-67-519.
What is the maximum payday loan in Mississippi?
$410. The lender decides your amount based on income.
How much does a payday loan cost in Mississippi?
Fee limit in Mississippi: up to $20 per $100 advanced on checks up to $250; up to $21.95 per $100 advanced on checks over $250 to $500. At $21.95 per $100, a $300 two-week loan costs $65.85, about 572% APR.
Where can I complain about a lender in Mississippi?
Contact the Mississippi Department of Banking and Consumer Finance at 1-800-844-2499 or the CFPB at consumerfinance.gov/complaint.
It takes a few minutes and costs nothing to ask. You decide after you see the full cost.
Check my offersWe pass your request to participating lenders. A request does not guarantee an offer; approval, amount and funding time depend on the provider.
Resources
Payday loans near me in Mississippi: find your city
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