- Payday loans in Polkville 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 Brandon, about 18 miles away.
Polkville at a glance
| Polkville | |
|---|---|
| Population (2024 Census estimate) | 588 |
| Change since 2020 | -0.8% (holding steady) |
| County | Smith County |
| Size rank among 256 Mississippi places we cover | 187th |
| Nearest larger city | Brandon (about 18 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 13 (about 84,102 residents) |
| Typical payday APR statewide (CRL 2023) | 572% |
There is no separate Polkville payday law: Mississippi rules apply here, and any lender serving Polkville residents, online or in person, needs a license from the Mississippi Department of Banking and Consumer Finance.
Credit unions near Polkville
NCUA data (June 2026) shows no credit union headquartered in Polkville or Smith County. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
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 Polkville
In short, Mississippi rules that cover Polkville 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 Polkville
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 Smith County before you borrow
Before a payday loan, Polkville residents can usually find something cheaper:
- Local assistance through 211 covering Smith 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 Polkville
The nearest larger city is Brandon, about 18 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 Polkville?
Yes. Payday loans are legal in Polkville 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 Polkville?
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 Polkville?
NCUA data shows no credit union headquartered in Polkville or its county. Use the NCUA credit union locator to find branches and online credit unions.
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