Personal loans in Grenada, MS
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Grenada, MS.
The median household in Grenada earns $46,303 a year, 18% below the Mississippi median of $56,447. About 27% of residents live below the federal poverty line, and 43.7% of households rent their home. 13.8% of households have no home internet; our form works on any phone.
Mississippi law that applies in Grenada
| Rate cap | Small loan licensees may choose: (1) tiered rates of 36% a year on the first $1,000, 33% on $1,000-$2,500, 24% on $2,500-$5,000 and 14% above $5,000 (or 18% on loans of $25,000+); or (2) for loans up to $5,330 (from July 1, 2026), up to 59% APR, repayable in… |
|---|---|
| License required | Yes. |
| Loan sizes covered | The 59% alternative-installment rate applies to loans up to $5,330 (CPI-adjusted each July 1; set at $5,100 by 2024 SB 2543). |
Full rules with statute citations: Personal 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 personal loan in Grenada
Here's what to have on hand before you start your personal loan request in Grenada:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Grenada
What Grenada borrowers use it for
keep getting to work while the shop fixes it
Medical billspay a doctor, dentist or pharmacy bill now
Holiday expensesgifts and travel without maxing a card
Need money nowthe fastest options online
Loans for your situation
How to get a personal loan in Grenada
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Grenada
8 FDIC-insured bank branches from 7 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Renasant Bank | 2 | 1537 Commerce St, Grenada 38901 |
| The Huntington National Bank | 1 | 750 Sunset Dr, Grenada 38901 |
| Regions Bank | 1 | 332 Sunset Dr, Grenada 38901 |
| BankPlus | 1 | 1663 Sunset Dr, Grenada 38901 |
| The Cleveland State Bank | 1 | 229 Sunset Dr, Grenada 38901 |
| Woodforest National Bank | 1 | 1655 Sunset Dr, Grenada 38901 |
| Guaranty Bank and Trust Company | 1 | 1433 Sunset Dr, Grenada 38901 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Grenada
2 credit-union locations from 2 credit unions.
| Credit union | Location |
|---|---|
| Mutual | 960 J K Avent Drive, Grenada 38901 |
| Southern Security | 1360 Sunset Dr Ste 4, Grenada 38901 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Grenada County · Payday Loans in Grenada · Title Loans in Grenada
Frequently asked questions
Can I get a personal loan with bad credit in Grenada?
Possibly. Lenders in our network consider applicants with fair and bad credit across Mississippi, including Grenada. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Grenada, MS?
Tiered 36%-14% APR; 59% to $5,330; credit availability 25%/month to $3,320.
How fast can I get a personal loan in Grenada?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
Can I get a personal loan in Grenada with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Grenada residents can see if they qualify for $100 to $5,000 in about 3 minutes.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Grenada residents can see their options in about 3 minutes.
How can I get an emergency loan in Grenada?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Grenada with our free 3-minute form.
Do I need to visit a store in Grenada?
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.