Payday loans in Mississippi: what the law allows
Yes. Mississippi allows payday loans up to $500, with a fee limit of $20 per $100 (checks up to $250); $21.95 per $100 ($251-$500). Mississippi allows car title loans.
Mississippi
Payday loans
Allowed
Car title loans
Allowed
- Largest loan
- $500
- Fee limit
- $20 per $100 (checks up to $250); $21.95 per $100 ($251-$500)
“Mississippi law allows a lender to charge no more than $20.00 per $100 dollars advanced for checks with a face amount up to $250.00 and no more than $21.95 per $100 advanced for checks with a face amount of greater than $251.00 to $500.00.”
Mississippi Department of Banking and Consumer FinanceLook up a lender's license
Checked 2026-09-15. Laws change; confirm with the regulator before you borrow.
Before you borrow
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Common questions
Are payday loans legal in Mississippi?
Yes. Mississippi allows payday loans up to $500, with a fee limit of $20 per $100 (checks up to $250); $21.95 per $100 ($251-$500).
Are car title loans legal in Mississippi?
Mississippi allows car title loans.
How do I check a lender's license in Mississippi?
Look the lender up with Mississippi Department of Banking and Consumer Finance, which licenses lenders in Mississippi.
Do these rules protect service members?
Yes. The Military Lending Act limits payday and car title loans for covered service members to 36%, in every state.
Information, not legal advice. Laws change; confirm with the state regulator.