Payday loans in Mississippi
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Mississippi payday loan rules at a glance
| Governing law | Mississippi Check Cashers Act, Miss. Code Ann. § 75-67-501 et seq.; delayed deposit rules in § 75-67-519. (Miss. Code Ann. § 75-67-519) |
|---|---|
| Maximum loan | 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. (Miss. Code Ann. § 75-67-519(2),(4)(c)) |
| Fees / interest cap | 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. (Miss. Code Ann. § 75-67-519(4)) |
| Minimum term | For checks over $250 (up to $500), the agreement must run at least 28 days (and no more than 30), as chosen by you. No minimum is set for checks of $250 or less. (Miss. Code Ann. § 75-67-519(1)(b)) |
| Maximum term | 30 days: checks of $250 or less may be held up to 30 days; checks over $250 must be held 28 to 30 days. (Miss. Code Ann. § 75-67-519(1),(3)) |
| Rollovers / renewals | A lender may not renew or extend a payday check, and a check may not be paid off with the proceeds of another check cashed by the same lender or an affiliate. (Miss. Code Ann. § 75-67-519(5)) |
| Loans at one time / database | You may have more than one payday loan, but your total outstanding with a lender may not exceed $500 including fees, according to DBCF. The statute limits each customer to $500 including fees at any time. (Miss. Code Ann. § 75-67-519(2)) |
| Extended payment plan | Mississippi law does not require a payment plan. You may ask, but DBCF says the lender is not legally required to agree. (Mississippi Check Cashers Act) |
| Returned-payment fee | No late or collection fee is allowed for a returned check or default. The lender may charge one returned-check processing fee (DBCF's pamphlet says $30) if it is in your written agreement, plus court-awarded fees if it sues and wins. (Miss. Code Ann. § 75-67-519(7)) |
| Criminal charges for bounced check | If your check bounces for insufficient funds, the lender may not start or initiate criminal prosecution to collect; it may sue you in civil court. (Miss. Code Ann. § 75-67-515(10)) |
What a $500 payday loan costs in Mississippi
Mississippi caps the fee at $20 per $100, so on a $500 loan the most a licensed lender can charge is $100 and you repay $600 on your due date.
How much will I repay?
Mississippi caps the fee at $20 per $100 (state law).
Estimate only. Your lender shows your exact cost before you sign.
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| Alabama | Legal | $500 per loan. |
| Arkansas | Not available | — |
| Louisiana | Legal | For September 1, 2026 to August 31, 2027, the most a lender may pay you on a payday loan (deferred presentment) is… |
| Tennessee | Legal | A lender (and related persons) may hold no more than two of your checks at once, with a total face value of no more… |
Payday Loans by city in Mississippi
Counties in Mississippi
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Also see: Personal Loans in Mississippi · Title Loans in Mississippi · All Mississippi loan options
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.
How many payday loans can you have at once in Mississippi?
You may have more than one payday loan, but your total outstanding with a lender may not exceed $500 including fees, according to DBCF. The statute limits each customer to $500 including fees at any time.
Can you roll over a payday loan in Mississippi?
A lender may not renew or extend a payday check, and a check may not be paid off with the proceeds of another check cashed by the same lender or an affiliate.
Do Mississippi payday lenders have to offer a payment plan?
Mississippi law does not require a payment plan. You may ask, but DBCF says the lender is not legally required to agree.
Can a payday lender press criminal charges in Mississippi?
If your check bounces for insufficient funds, the lender may not start or initiate criminal prosecution to collect; it may sue you in civil court.
Can I get a payday loan on the weekend in Mississippi?
You can submit our online form any time, including nights and weekends, and some lenders review requests right away. Funding depends on banking days, though, so money requested on a Saturday or Sunday typically arrives the next business day. Submitting early helps you get in line for the first available deposit. Mississippi residents can start a request now; it takes about 3 minutes.
How much does a payday loan 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. Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Mississippi borrowers in about 3 minutes.
Can I get a payday loan online in Mississippi?
Yes. You can request a payday loan online from anywhere in Mississippi, using your phone or computer. Our secure form takes about 3 minutes and connects you with lenders in our network that serve Mississippi residents. If you're approved, funds go straight to your checking account, often by the next business day. There's no cost to apply and no obligation to accept.
Do payday loans in Mississippi affect your credit score?
Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Mississippi residents can see their options with our 3-minute form.