Payday loans in Cleveland, MS
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Cleveland, MS.
The median household in Cleveland earns $44,074 a year, 22% below the Mississippi median of $56,447. About 29% of residents live below the federal poverty line, and 33.2% of households rent their home. 10.6% of households have no home internet; our form works on any phone. When an unexpected bill hits before payday, Cleveland residents can request $100 to $1,000 online in minutes.
Mississippi law that applies in Cleveland
| 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. |
|---|---|
| Fee 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. |
| Rollovers | 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. |
| Loans at once | You may have more than one payday loan, but your total outstanding with a lender may not exceed $500 including fees, according to DBCF. |
| Payment plan | Mississippi law does not require a payment plan. |
Full rules with statute citations: Payday Loans in Mississippi. Cities in Mississippi cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a payday loan in Cleveland
Lenders that serve Cleveland typically ask for the following:
- Be 18 or older (19 in some states) and a US resident
- A government-issued photo ID
- A steady source of income — a job, benefits or self-employment
- An active checking account in your name for the deposit
- A working phone number and email address
Popular loan amounts in Cleveland
What Cleveland borrowers use it for
pay a doctor, dentist or pharmacy bill now
Need money nowthe fastest options online
Car repairskeep getting to work while the shop fixes it
Emergencieshandle the unexpected the same week
Loans for your situation
How to get a payday loan in Cleveland
- Pick an amount and fill out the short form (about 3 minutes).
- We share your request with lenders in our network that serve Mississippi.
- If a lender approves you, you'll see the fee, APR and due date before you sign.
- Funds are deposited to your bank account, often the next business day.
Estimate your cost
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.
Banks and credit unions in the area
Banks with branches in Cleveland
9 FDIC-insured bank branches from 6 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| The Cleveland State Bank | 2 | 110 Commerce Ave, Cleveland 38732 |
| Renasant Bank | 2 | 308 E Sunflower Rd, Cleveland 38732 |
| Planters Bank & Trust Company | 2 | 428 N Davis Ave, Cleveland 38732 |
| Regions Bank | 1 | 129 S Sharpe Ave, Cleveland 38732 |
| Guaranty Bank and Trust Company | 1 | 307 N Davis Ave, Cleveland 38732 |
| BankPlus | 1 | 620 N Davis Ave, Cleveland 38732 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Cleveland
2 credit-union locations from 2 credit unions.
| Credit union | Location |
|---|---|
| Statewide | 809 W Sunflower Rd, Cleveland 38732 |
| Baxter | 911 N Davis Ave, Cleveland 38732 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Bolivar County · Personal Loans in Cleveland · Title Loans in Cleveland
Frequently asked questions
Can I get a payday loan in Cleveland, MS?
Payday loans (delayed deposit check cashing) are legal in Mississippi from check cashers licensed by DBCF under the Mississippi Check Cashers Act, Miss. You can request one online from Cleveland through our network; approval and terms are set by the lender.
How much can I borrow with a payday loan in Cleveland?
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 does a $300 payday loan cost in Cleveland?
At Mississippi's cap of $20 per $100, the fee on $300 is $60, so you would repay $360 on your due date.
How fast can I get a payday loan in Cleveland?
The form takes about three minutes and many lenders decide within minutes. If you're approved and sign before the lender's cutoff, funds are often deposited the next business day.
How much does a payday loan cost in Cleveland?
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 Cleveland borrowers in about 3 minutes.
How do payday loans work in Cleveland?
You fill out a short online request, a lender reviews your income and banking details, and if you're approved you see the amount, fee and due date before you sign. Funds are typically deposited into your checking account, often by the next business day. On your due date, repayment is usually taken from that same account. Cleveland residents can start the process online in about 3 minutes.
Where can I get a payday loan in Cleveland?
You can visit a storefront in Cleveland or request a loan online without leaving home. Our free form sends one request to multiple lenders in our network, so you don't have to apply store by store. If a lender makes you an offer, you review the terms and decide whether to accept, with no obligation. It takes about 3 minutes to see if you qualify.
Do payday loans 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. Cleveland residents can see their options with our 3-minute form.
Is a payday loan secured or unsecured?
A payday loan is an unsecured loan. You don't put up a car, home or other property as collateral. Instead, lenders base their decision mainly on your income and checking account, and repayment is usually scheduled from that account on your due date. That keeps the process quick, since there's nothing to appraise. Cleveland residents can see if they qualify in about 3 minutes.
Do I need to visit a store in Cleveland?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.