Loans in Mississippi: payday, personal & title loan laws (2026)
Payday Loans Legal
Payday loans (delayed deposit check cashing) are legal in Mississippi from check cashers licensed by DBCF under the Mississippi Check Cashers Act, Miss.
Personal Loans
Tiered 36%-14% APR; 59% to $5,330; credit availability 25%/month to $3,320.
Title Loans Legal
Car title loans (title pledges) are legal in Mississippi from lenders licensed by DBCF under the Mississippi Title Pledge Act, Miss.
Mississippi at a glance
Counties in Mississippi
Cities in Mississippi
Frequently asked questions
Are payday loans legal in Mississippi?
Payday loans (delayed deposit check cashing) are legal in Mississippi from check cashers licensed by DBCF under the Mississippi Check Cashers Act, Miss. Code 75-67-501 et seq. The Act's sunset date was removed in 2021, so it no longer expires.
How much can you borrow with a payday loan in Mississippi?
Your check (loan plus fee) may not be for more than $500, and you may not have more than $500 in total outstanding, fees included. DBCF's example: you write a $500 check, pay a $90 fee and receive $410.
How much do payday loans cost in Mississippi?
No more than $20 per $100 advanced for checks with a face amount up to $250, and no more than $21.95 per $100 advanced for checks over $250 up to $500.
Are title loans legal in Mississippi?
Car title loans (title pledges) are legal in Mississippi from lenders licensed by DBCF under the Mississippi Title Pledge Act, Miss. Code 75-67-401 et seq., at up to 25% of the principal per month.
How much can you get for a title loan in Mississippi?
A title pledge on any single vehicle title may not exceed $2,500.
Is there a cap on personal loan interest rates in Mississippi?
Tiered 36%-14% APR; 59% to $5,330; credit availability 25%/month to $3,320.
Do personal loan lenders need a license in Mississippi?
Yes. Consumer installment lenders must hold a license under the Small Loan Privilege Tax Law (§ 75-67-201 et seq.); credit availability lenders need a separate DBCF license.