Payday loans in Madison, MS
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Madison, MS.
The median household in Madison earns $119,338 a year, 111% above the Mississippi median of $56,447. About 5% of residents live below the federal poverty line, and 5.7% of households rent their home. When an unexpected bill hits before payday, Madison residents can request $100 to $1,000 online in minutes.
Mississippi law that applies in Madison
| 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 Madison
Lenders that serve Madison 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 Madison
What Madison 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
Moving costsdeposits, trucks and first-week expenses
Loans for your situation
How to get a payday loan in Madison
- 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 Madison
22 FDIC-insured bank branches from 14 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| BankPlus | 3 | 2020 Strawberry Hl, Madison 39110 |
| Trustmark Bank | 3 | 1015 Highway 51, Madison 39110 |
| Regions Bank | 2 | 1050 Highway 51, Madison 39110 |
| The Huntington National Bank | 2 | 2174 Main St, Madison 39110 |
| Renasant Bank | 2 | 966 Highway 51, Madison 39110 |
| First State Bank | 2 | 108 Dees Drive, Suite 201, Madison 39110 |
| The Citizens National Bank of Meridian | 1 | 114 Grandview Blvd, Madison 39110 |
| BankFirst Financial Services | 1 | 1597 Highland Colony Pkwy, Madison 39110 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Madison
2 credit-union locations from 2 credit unions.
| Credit union | Location |
|---|---|
| Magnolia | 1770 Highway 51, Madison 39110 |
| Keesler | 1944 Main St, Madison 39110 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Madison County · Personal Loans in Madison · Title Loans in Madison
Frequently asked questions
Can I get a payday loan in Madison, 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 Madison through our network; approval and terms are set by the lender.
How much can I borrow with a payday loan in Madison?
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 Madison?
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 Madison?
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.
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. Madison residents can see if they qualify in about 3 minutes.
Where can I get a payday loan in Madison?
You can visit a storefront in Madison 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. Madison residents can see their options with our 3-minute form.
What is a payday advance loan?
A payday advance loan is another name for a payday loan: a short-term advance on your next paycheck. You borrow a small amount and repay it, plus a fee, when you're next paid. The process is quick because lenders look mainly at your income and checking account. Madison residents can request a payday advance online through our network in about 3 minutes.
Is a payday loan installment or revolving credit?
A traditional payday loan is neither. It's a single-payment loan: you borrow a set amount and repay it, plus the fee, in one payment on your due date. An installment loan spreads repayment over several scheduled payments, and revolving credit, like a credit card, lets you borrow repeatedly up to a limit. Depending on Mississippi rules, lenders may offer payday or installment options. Compare them in about 3 minutes.
Do I need to visit a store in Madison?
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.