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Personal loans in Baldwyn, MS

For a borrower in Baldwyn, a personal loan is a sum repaid in equal monthly installments, priced mainly from your credit profile, income and debt load. The Census counts about 3,066 residents in Baldwyn, ranking it 82nd among the 299 places in Mississippi. Lenders in Mississippi work under state rate caps and licensing rules, each listed with its publisher in the table below.

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

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Baldwyn at a glance

  • Population: a Census-estimated 3,066, placing it 82nd among Mississippi's 299 places (Vintage 2023 subcounty estimate).
  • 2020 Census base: the 2020 count put the population at 3,072 (US Census Bureau).
  • 2020 to 2023 change: a decline of roughly 0.2% between the 2020 count and the 2023 estimate (US Census Bureau).
  • Rank among Mississippi places: 82nd-largest of 299 (US Census Bureau, Vintage 2023 estimate).
  • Size percentile: about 73% of Mississippi's Census places are smaller (US Census Bureau).
  • Coordinates: 34.5055, -88.6428 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities: Saltillo, MS (9 mi); Booneville, MS (12 mi); Tupelo, MS (17 mi); New Albany, MS (22 mi); Fulton, MS (22 mi) (Census populations, approximate straight-line distance).
  • Smaller places nearby: Guntown, MS (4 mi); Marietta, MS (10 mi); Jumpertown, MS (14 mi), per US Census Bureau estimates.

What a personal loan costs in Baldwyn

A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.

The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

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 Baldwyn

Read the table as the compliance picture for a lender serving Baldwyn: label, sourced figure, publisher and date.

RuleDetailSource
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
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

How to compare offers in Baldwyn

Before you share your details with a lender in Baldwyn:

  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 Baldwyn?
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 Baldwyn are the same as elsewhere in Mississippi.
How much can I borrow with a personal loan in Baldwyn?
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 Baldwyn 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 Baldwyn 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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