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Personal loans in Aberdeen, MS

In Aberdeen, a personal loan gives you a lump sum repaid over a set term, with the lender setting your APR from your credit, income and debts. With roughly 4,860 people, Aberdeen ranks 63rd of 299 Census places in Mississippi. The table below carries the Mississippi rate caps and licensing rules that apply to a personal loan taken out here.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Aberdeen at a glance

  • Population: about 4,860 residents, ranking 63rd of 299 Census places in Mississippi (US Census Bureau, Vintage 2023 subcounty estimate).
  • 2020 Census base: 4,953 residents at the 2020 Census (US Census Bureau, 2020 count).
  • 2020 to 2023 change: down about 1.9% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Mississippi places: 63rd by size among 299 communities (US Census Bureau).
  • Size percentile: it is larger than about 79% of the places in Mississippi (US Census Bureau).
  • Coordinates: it sits at 33.8283, -88.5547 in the US Census Bureau Gazetteer.
  • Nearest larger cities: Amory, MS (11 mi); West Point, MS (16 mi); Columbus, MS (24 mi); Starkville, MS (30 mi); Tupelo, MS (32 mi) (Census populations, approximate straight-line distance).
  • Smaller places nearby: Hatley, MS (13 mi); Okolona, MS (16 mi); Caledonia, MS (17 mi), per US Census Bureau estimates.

What a personal loan costs in Aberdeen

With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.

Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.

Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.

Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.

Mississippi lending rules that apply in Aberdeen

Each row below is a Mississippi rule with its publisher and the date it was retrieved.

RuleDetailSource
Payday lending statusLegal and licensed — check cashers (delayed-deposit/payday transactions) are licensed consumer-finance industries regulated by DBCF (Miss. Code § 75-67-501 et seq.)
Source says: "These industries include Money Transmitter, Small Loan, Check Cashers, Pawnbroker, Title Pledge, Consumer Loan Broker"		Mississippi Department of Banking and Consumer Finance
as of 2026-09-16
Small-loan / installment lender licensingSmall loan license required (Small Loan Regulatory Law; Miss. Code § 75-67-105)
Source says: "No person shall engage in the business of lending money ... without being the holder of a valid and subsisting license"		Mississippi Department of Banking and Consumer Finance
as of 2026-09-16
State lending regulatorMississippi Department of Banking and Consumer Finance (DBCF)
Source says: "The Mississippi Department of Banking and Consumer Finance's (DBCF) mission is to regulate, supervise and safeguard financial institutions chartered and licensed in Mississippi"		Mississippi Department of Banking and Consumer Finance
as of 2026-09-16
Delayed-deposit (payday) fee caps$20 per $100 advanced on checks ≤$250; $21.95 per $100 on checks over $250 (DBCF rule)
Source says: "Delayed deposit transaction: $20.00 per $100.00 advanced for checks $250.00 and under"		Mississippi Secretary of State (DBCF administrative regulations)
as of 2026-09-16
Maximum legal interest rate (usury cap)See the latest published figure
value_text left null: the maximum finance charge for licensed small-loan lenders is set by Miss. Code § 75-17-21, which § 75-67-119 references as the limit; no retrievable official page published the current figure for direct verification.		Mississippi Department of Banking and Consumer Finance
as of 2026-09-16

How to compare offers in Aberdeen

Here is a short checklist for comparing personal loans in Aberdeen:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Mississippi using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Aberdeen?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Aberdeen are the same as elsewhere in Mississippi.
How much can I borrow with a personal loan in Aberdeen?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Aberdeen require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Aberdeen hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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