- Payday loans in Edwards follow Mississippi law (Mississippi Check Cashers Act).
- Borrowing $300 at the state maximum costs $65.85 ($21.95 per $100).
- The nearest larger city is Clinton, about 15 miles away.
Edwards at a glance
| Edwards | |
|---|---|
| Population (2024 Census estimate) | 927 |
| Change since 2020 | -5.8% (shrinking) |
| County | Hinds County |
| Size rank among 256 Mississippi places we cover | 151st |
| Nearest larger city | Clinton (about 15 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Hinds County | 8 |
| Other towns within 25 miles | 9 (about 206,365 residents) |
| Typical payday APR statewide (CRL 2023) | 572% |
There is no separate Edwards payday law: Mississippi rules apply here, and any lender serving Edwards residents, online or in person, needs a license from the Mississippi Department of Banking and Consumer Finance.
Credit unions near Edwards
No credit union has its main office in Edwards, but these are based elsewhere in Hinds County (NCUA, June 2026):
- Eagle Express Federal Credit Union in Jackson (federal charter — may offer payday alternative loans (PALs))
- Magnolia Federal Credit Union in Jackson (federal charter — may offer payday alternative loans (PALs))
- Treasury Employees Federal Credit Union in Jackson (federal charter — may offer payday alternative loans (PALs))
- Healthplus Federal Credit Union in Jackson (federal charter — may offer payday alternative loans (PALs))
- Mississippi Dhs Federal Credit Union in Jackson (federal charter — may offer payday alternative loans (PALs))
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 Edwards
In short, Mississippi rules that cover Edwards include: 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). See the full Mississippi payday loan rules.
What a $300 loan costs in Edwards
At Mississippi’s maximum fee, borrowing $300 costs $65.85 ($21.95 per $100). Statewide, the typical APR on a $400 payday loan was 572% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Hinds County before you borrow
Before a payday loan, Edwards residents can usually find something cheaper:
- Local assistance through 211 covering Hinds County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Edwards
The nearest larger city is Clinton, about 15 miles away. See all 256 Mississippi 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 Edwards?
Yes. Payday loans are legal in Edwards under Mississippi state law, and lenders must be licensed by the Mississippi Department of Banking and Consumer Finance.
How much does a payday loan cost in Edwards?
At Mississippi’s maximum fee, borrowing $300 costs $65.85 ($21.95 per $100). The typical statewide APR was 572% in 2023.
Where is the nearest credit union to Edwards?
No credit union is headquartered in Edwards, but Eagle Express Federal Credit Union is based in Jackson, also in Hinds County.
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)
- Mississippi DBCF — Payday loans consumer pamphlet
- Mississippi Check Cashers Act
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary