✓ Legal & RegulatedReviewed: Aug 2025
MississippiLoan Laws & Regulations
Official regulatory reference for borrowers and lenders in Mississippi. Includes permitted loan types, APR caps, lender licensing requirements, borrower rights, and government source links.
Max Loan
$500
Typical APR
400% APR
Max Term
30 days
Legal Status
Legal
Mississippi Lending Regulator
The Mississippi DBCF oversees consumer lending in Mississippi, including licensing, enforcement, and consumer complaint resolution. Before borrowing from any lender, verify their license using the official regulator lookup tool linked above.
Regulatory Details
Detailed regulatory data for Mississippi is sourced directly from the Mississippi DBCF. For the most current requirements, visit: https://www.dbcf.ms.gov/
Current Overview
Mississippi payday loans up to $500 for Jackson and statewide residents. Fast same-day approval with Bad credit considered.
Legal Status: Legal · APR Range: 400% APR · Max Amount: $500
Mississippi Lending FAQ
Are payday loans legal in Mississippi?▼
Yes. Payday loans are legal and regulated in Mississippi under the oversight of the Mississippi DBCF. Current APR range: 400% APR. Maximum loan: $500.
What is the maximum payday loan I can get in Mississippi?▼
The maximum short-term loan amount in Mississippi is $500. A $500 loan for 14 days in MS costs approximately $75 in fees. APR: 400%.
Who regulates payday lenders in Mississippi?▼
The Mississippi DBCF is the primary state regulator. You can verify any lender's license at https://www.dbcf.ms.gov/. Unlicensed lenders operating in Mississippi are illegal — always verify before borrowing.
What are the alternatives to payday loans in Mississippi?▼
Consider credit union PAL (Payday Alternative Loan) programs, licensed personal loan lenders, or non-profit credit counseling services in Mississippi.