Why get an Mississippi Online Loan?
We get it. Sometimes, emergency expenses like student of educational come up and you need to get cash
immediatey. Although, you don't have the income or credit to put it on your credit card.
Thankfully, getting an online loan in Mississippi is quick and easy. It doesn't matter if you live
in Jackson, Gulfport, Southaven, or Hattiesburg, you can you loan deposited the same day.
How Much does an Online Loan in Mississippi Cost?
The maximum annunual percentage rate allowed by law in Mississippi is 521.42% APR.
Finance Charges
Often, the APR includes the interest rate plus fees. In Mississippi, lenders may charge a maximum
of 20% on loans up to $250, and 21.95% on loans up to $500.
Representative Example
For example, Lizzie has an unexpected student of educational expense and needs cash
immediately. They can borrow up to $500 for up to 30 days
at 521.42% APR. The high APR can make this example loan extremely expensive; Lizzie will pay back a total of $717 including a total of $217 in interest and fees!
Requirements
Before you can get an online loan in Mississippi, this is what you will need:
- You must be at least 18 years old
- Valid Mississippi driver license or government issued ID
- Checking or savings account
- Most recent pay stub
Online Loan Terms in Mississippi
While individual offers may vary, these are the maximum terms in Mississippi.
- Maximum loan amont: $500
- Maximum rate, including fees: 521.42%
- Maximum loan length: $500
