Personal loans in Durant, MS

What does a personal loan cost in Durant? It depends on the lender, your credit history, and the rules that apply in Mississippi. Mississippi requires consumer lenders to be licensed, and the regulator named below is the one that supervises them. Where a state caps or restricts a product, lenders either adapt the terms or stop offering it locally. Look at the APR rather than the interest rate, because the APR folds in most of the fees. Every calculator on this page runs in your browser and uses only the numbers you enter.

Lending rules for Durant are set at the Mississippi state level.

What to know before you borrow in Mississippi

Interest rate cap (usury limit)Usury limit: 8% (Miss. Code Ann. § 75-17-1). Finance rates and fees for licensed lenders: 36% per annum on the portion not exceeding $1,000 33% per annum on the portion between $1,000-$2,500 24% per annum on the portion between $2,000-$5,000 14% per annum on the portion exceeding $5,000 OR 18% per annum on loans exceeding $25,000 OR A monthly finance charge in lieu of interest and charges of 59% per annum on loans of $4,000 or less.Source: Conference of State Bank Supervisors · as of 2026
Consumer lending regulatorConsumer lenders in Mississippi are licensed and supervised by the Mississippi Department of Banking and Consumer Finance.Source: Conference of State Bank Supervisors · as of 2026
Debt collection rulesThird-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the Mississippi Office of the Attorney General.Source: Mississippi Office of the Attorney General · as of 2026
Military lending protectionsThe federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans.Source: Consumer Financial Protection Bureau · as of 2024

See all Mississippi lending rules →

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Work out the payment first with the personal loan calculator, then look at how quickly you could clear it using the loan payoff calculator.

If your credit history is thin or imperfect, the bad credit loan cost calculator shows what a higher rate actually costs over the term.

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Check your rate with a lending partner in about two minutes. Checking does not affect your credit score.

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Frequently asked questions

What if I am denied a loan in Durant?

Ask the lender for the reason, check your credit report for errors, and consider a credit union or a smaller loan. A denial is not permanent, and a nonprofit credit counsellor can help you plan.

Can I get a personal loan in Durant, Mississippi?

Personal loans are offered in Durant by banks, credit unions and online lenders, subject to Mississippi licensing rules and the lender's own criteria. There is no city-level restriction; eligibility depends on your credit, income and the lender.

What credit score do I need for a personal loan in Durant?

Lenders do not publish a single cutoff, and it varies by lender. A higher score generally means a lower rate. Checking pre-qualification usually involves a soft credit pull that does not affect your score.

Does Mississippi cap the interest a lender can charge?

Yes, Mississippi sets its own consumer lending rules, including any rate or fee limits. The sourced table above names the regulator and the statute for each figure.

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