Bruce at a glance
- Population: a Census-estimated 1,608, placing it 117th among Mississippi's 299 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 1,706 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 5.7% lower than the 2020 Census base (US Census Bureau).
- Rank among Mississippi places: 117th of 299 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 61% of the places in Mississippi (US Census Bureau).
- Coordinates: 33.9909 / -89.3455, per the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Water Valley, MS (20 mi); Houston, MS (21 mi); Pontotoc, MS (26 mi); Oxford, MS (27 mi); Grenada, MS (30 mi) (US Census Bureau populations).
- Nearest smaller towns: Pittsboro, MS (4 mi); Calhoun City, MS (9 mi); Derma, MS (10 mi) (US Census Bureau).
What a personal loan costs in Bruce
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Mississippi lending rules that apply in Bruce
The sourced rows below are the rules a licensed lender must follow when lending in Mississippi, and therefore in Bruce.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal 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 licensing | Small 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 regulator | Mississippi 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 Bruce
Before you commit to a personal loan in Bruce, work through these steps:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Mississippi using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.