- Payday loans in Raleigh 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 32 miles away.
Raleigh at a glance
| Raleigh | |
|---|---|
| Population (2024 Census estimate) | 1,073 |
| Change since 2020 | -1.5% (shrinking) |
| County | Smith County |
| Size rank among 256 Mississippi places we cover | 148th |
| Nearest larger city | Brandon (about 32 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 14 (about 21,279 residents) |
| Typical payday APR statewide (CRL 2023) | 572% |
Payday lending in Raleigh follows Mississippi state law. Lenders that serve Raleigh, in a store or online, must be licensed by the Mississippi Department of Banking and Consumer Finance.
Credit unions near Raleigh
NCUA data (June 2026) shows no credit union headquartered in Raleigh 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.
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
Payday loan rules that apply in Raleigh
The main Mississippi rules for a payday loan in Raleigh: 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 Raleigh
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
- Call or text 211 for help with rent, utilities and food in Smith County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Raleigh
The nearest larger city is Brandon, about 32 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 Raleigh?
Yes. Payday loans are legal in Raleigh 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 Raleigh?
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 Raleigh?
NCUA data shows no credit union headquartered in Raleigh 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