- Payday loans are legal in Mississippi under the Mississippi Check Cashers Act.
- The typical APR on a $400 payday loan in Mississippi was 572% (CRL, June 2023, from state regulator data).
- Borrowing $300 at the maximum fee costs $65.85 ($21.95 per $100).
Payday loan rules in Mississippi
| Rule | Mississippi |
|---|---|
| Maximum check | $500, so the most you can receive is about $410 |
| Maximum fee | $20 per $100 on checks up to $250; $21.95 per $100 on checks of $251–$500 |
| Loan term | Up to 30 days (28 to 30 days for checks over $250) |
Rules checked 2026-10-04. Laws change, so confirm current limits with the Mississippi Department of Banking and Consumer Finance.
What a payday loan costs in Mississippi
The Center for Responsible Lending found the typical APR on a $400 single-payment payday loan in Mississippi was 572%, based on data from the state regulator (June 2023). Under the state’s fee limits, borrowing $300 costs $65.85 ($21.95 per $100). Use our cost calculator to turn any offer into an APR.
Most payday loans are due in one payment on your next payday. If repaying leaves you short again, ask about an extended payment plan and avoid renewals.
Need $100–$1,000 before payday?
- One free request, many lenders
- Bad credit and benefit income considered by many lenders
- See the APR and total cost before you sign
PaydayEase is not a lender. Requests go to lenders in our network; approval, rates and terms are set by the lender. Rates & fees
How to check a lender in Mississippi
- Make sure the lender is licensed by the Mississippi Department of Banking and Consumer Finance. Many lenders can also be looked up on NMLS Consumer Access.
- Get the APR and finance charge in writing before you sign. Federal law requires them.
- Be careful with online lenders that say Mississippi law does not apply to them because they are tribal or offshore.
- File complaints with the state regulator and the CFPB.
Cheaper options in Mississippi
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Mississippi that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Mississippi cities
Local guides for 256 Mississippi cities and towns, with credit unions, nearby towns and the rules that apply.
- Payday loans in Jackson
- Payday loans in Gulfport
- Payday loans in Southaven
- Payday loans in Hattiesburg
- Payday loans in Biloxi
- Payday loans in Olive Branch
- Payday loans in Tupelo
- Payday loans in Meridian
- Payday loans in Pearl
- Payday loans in Madison
- Payday loans in Greenville
- Payday loans in Oxford
- Payday loans in Clinton
- Payday loans in Horn Lake
- Payday loans in Brandon
All 256 Mississippi cities, A to Z
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 Mississippi?
Yes. Payday lending is legal in Mississippi under the Mississippi Check Cashers Act and is regulated by the Mississippi Department of Banking and Consumer Finance.
What is the typical payday loan APR in Mississippi?
The Center for Responsible Lending reported a typical APR of 572% on a $400 payday loan in Mississippi, using state regulator data (June 2023).
Where can I complain about a payday lender in Mississippi?
Contact the Mississippi Department of Banking and Consumer Finance and file a complaint with the Consumer Financial Protection Bureau.