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Mississippi Payday Loan Information
Mississippi Payday Loans

Mississippi is a state located in the Deep South of the United States. Its residents are like people all over the world. Sometimes their paychecks just don't stretch far enough to meet all of their needs.

Mississippi Payday Loans are completely legal hence Mississippi Payday Loans are provided by several lenders. Regulation of lending institutions is handled primarily by individual states.

Mississippi also has its own laws and regulation regarding the payday loan.

  • Maximum amount which a borrower can borrow is $400.
  • On every $100, there is a cap of $22.
  • Maximum loan term can be 30 days.
  • The effective 14 day APR at this rate is 572%. 
  • Lenders can also choose to charge 18% per check as interest.

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Mississippi Payday Loans