Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / MS
Personal loans, banking, insurance, and debt help in Mississippi
Mississippians use personal loans to consolidate credit card debt, cover emergencies, fund home improvements, or pay for major life events, with both unsecured and secured options available.
33lenders in the dataset
MSstate guide
$1,766/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Mississippi
Mississippians use personal loans to consolidate credit card debt, cover emergencies, fund home improvements, or pay for major life events, with both unsecured and secured options available.
Interest-rate law
Mississippi's Small Loan Regulatory Law tiers licensed-lender rates by loan size, with the bottom 14% tier continuing to apply indefinitely above $5,000. Licensees can also price under a separate, higher installment-loan statute for smaller, higher-cost products.
| Loan range | Rate | Statute |
|---|---|---|
| First $1,000 | 36% | §75-17-21 |
| $1,000 – $2,500 | 33% | §75-17-21 |
| $2,500 – $5,000 | 24% | §75-17-21 |
| Above $5,000 | 14% | §75-17-21 |
Lender complaints: Mississippi Department of Banking and Consumer Finance
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
Happy Money
- Credit profile
- Good
- APR range
- 7.95% – 35.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
PNC Bank
- Credit profile
- Not specified
- APR range
- 7.89% – 24.99%
- Loan amount
- $1,000 – $35,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
CreditNinja
- Credit profile
- Poor
- APR range
- 195.75% – 349%
- Loan amount
- $300 – $5,000
Poor or limited credit
Integra Credit
- Credit profile
- Poor
- APR range
- 149% – 399%
- Loan amount
- $500 – $3,000
Poor or limited credit
Kwikcash
- Credit profile
- Not specified
- APR range
- 99% – 499%
- Loan amount
- $250 – $1,000
Poor or limited credit
Mariner Finance
- Credit profile
- Poor
- APR range
- 15.49% – 35.99%
- Loan amount
- $1,000 – $25,000
Poor or limited credit
MoneyKey
- Credit profile
- Poor
- APR range
- 295% – 401.20%
- Loan amount
- $200 – $2,500
Poor or limited credit
NetCredit
- Credit profile
- Poor
- APR range
- 34% – 99.99%
- Loan amount
- $1,000 – $10,000
Poor or limited credit
OneMain Financial
- Credit profile
- Poor
- APR range
- 18% – 35.99%
- Loan amount
- $1,500 – $20,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
Poor or limited credit
Personify Financial
- Credit profile
- Poor
- APR range
- 36% – 179.50%
- Loan amount
- $500 – $15,000
Poor or limited credit
Rise
- Credit profile
- Poor
- APR range
- 99% – 199%
- Loan amount
- $500 – $5,000
Poor or limited credit
World Finance
- Credit profile
- Poor
- APR range
- N/A – 99%
- Loan amount
- $450 – $12,000
03 / Debt consolidation
Debt consolidation
Mississippi's tiered schedule runs from 36% down to as low as 14% for the portion of a loan above $5,000, so a debt consolidation loan involving a larger balance can see quite favorable pricing under state law, though comparing multiple lenders is still worthwhile.
04 / Banking and credit unions
Banking in Mississippi
National banks offer scale and convenience while Mississippi-based regional and community banks compete on relationship banking and local decision-making.
Banks listed
- TrustmarkHeadquartered in Jackson, MS.
- Cadence BankHeadquartered in Tupelo, MS.
- Regions BankHeadquartered in Birmingham, AL.
- Renasant BankHeadquartered in Tupelo, MS.
- Hancock WhitneyHeadquartered in Gulfport, MS.
- ChaseNational bank.
Credit unions
Mississippi credit unions are member-owned, not-for-profit institutions that often post lower rates and fewer fees than banks, with membership tied to location, employer, or association.
Median membership growth of about 1.3% year over year (Q4 2025 NCUA data), versus a national median of about -0.5%, though Mississippi posted the highest median delinquency rate in this comparison (about 0.99%).
Mutual Federal Credit Union, the state's oldest, began in 1931 among federal employees in Vicksburg, expanding in 2023 to cover 73 counties/parishes across four states after converting to a federal charter. Mississippi Highway Safety Patrol Federal Credit Union began in 1964 serving state troopers. Recent mergers, such as Mississippi Federal Credit Union combining with Mutual Federal Credit Union, reflect ongoing consolidation of smaller single-employer credit unions.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Legal with licensing required under the Mississippi Debt Management Services Act (Miss. Code Ann. § 81-22-1 et seq.), regulated by the Mississippi Department of Banking and Consumer Finance. No clearly documented fee cap; providers must disclose licensed status and post a bond.
Companies listed in the dataset
06 / Insurance
Mississippi insurance
Regulator
Mississippi Insurance Department
Insurance regulator websiteAuto insurance
25/50/25
Mississippi requires liability insurance of $25,000 per person/$50,000 per accident bodily injury, plus $25,000 property damage.
Homeowners and renters
$1,766/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $258/yr
Some of the country's most significant hurricane exposure along the Gulf Coast, plus tornado and severe thunderstorm risk further inland within "Dixie Alley."
07 / Questions
Mississippi FAQs
How do I file a complaint against a lender in Mississippi?
Contact the Mississippi Department of Banking and Consumer Finance, which licenses and supervises consumer lenders operating in Mississippi.
How do I file a complaint against my insurance company in Mississippi?
File with the Mississippi Insurance Department.
What's the maximum interest rate a lender can legally charge on a personal loan in Mississippi?
A four-tier schedule: 36% on the first $1,000, 33% on $1,000-$2,500, 24% on $2,500-$5,000, and 14% above $5,000. Licensees can also price certain smaller, higher-cost loans under a separate installment-loan statute that runs meaningfully higher.
What credit score do I need for a personal loan in Mississippi?
It depends on the lender. Banks and credit unions generally want a FICO score of 700+, FinTech lenders work with fair credit (low-to-mid 600s), and some lenders serve poor/limited credit at higher APRs.
Are payday loans legal in Mississippi, and are there caps on fees or loan amounts?
Yes. Deferred and delayed deposits are capped at $500 total across all outstanding loans, with finance charges of $20 per $100 up to $250 and $21.95 per $100 for the $250-$500 portion, working out to roughly 520% APR. Rollovers are prohibited, though multiple smaller loans totaling under $500 are allowed.
How long can a debt collector legally pursue an unpaid debt in Mississippi before the statute of limitations runs out?
Written contracts and most consumer debt have a 3-year statute of limitations (Miss. Code Ann. § 15-1-49); promissory notes specifically can carry 6 years (§ 75-3-118). A payment or written acknowledgment can restart the clock.
What's the difference between a debt consolidation loan and debt settlement for someone living in Mississippi?
A consolidation loan pays off debts in full with new borrowed money at a lower rate; settlement negotiates a reduced payoff but requires halting payments first, damaging credit, with forgiven debt potentially taxable. Mississippi requires debt settlement companies to be licensed, a real regulatory layer, but the fundamental tradeoffs are the same as anywhere else.
