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Personal loans in Calhoun City, MS

In Calhoun City, a personal loan turns a one-time expense into predictable monthly payments, and the rate you get depends on your credit, income and debts. With roughly 1,482 people, Calhoun City ranks 122nd of 299 Census places in Mississippi. Every lender serving Mississippi must observe the state's rate caps and licensing rules, shown with their sources below.

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

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Calhoun City at a glance

  • Population: a Census-estimated 1,482, placing it 122nd among Mississippi's 299 places (Vintage 2023 subcounty estimate).
  • 2020 Census base: the 2020 Census recorded 1,533 residents here (US Census Bureau).
  • 2020 to 2023 change: population fell about 3.3% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
  • Rank among Mississippi places: 122nd of the state's 299 Census places (US Census Bureau).
  • Size percentile: about 59% of places in Mississippi are smaller (US Census Bureau).
  • Coordinates: 33.8593, -89.3146 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities within 120 miles: Bruce, MS (9 mi); Houston, MS (18 mi); Eupora, MS (22 mi); Water Valley, MS (28 mi); Grenada, MS (29 mi) (US Census Bureau).
  • Nearest smaller communities: Derma, MS (2 mi); Pittsboro, MS (6 mi); Big Creek, MS (6 mi), each a US Census place.

What a personal loan costs in Calhoun City

Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.

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.

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

Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.

Mississippi lending rules that apply in Calhoun City

The table lists the Mississippi rules that apply to a loan made in Calhoun City, each with the regulator that published it.

RuleDetailSource
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
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

How to compare offers in Calhoun City

Before you commit to a personal loan in Calhoun City, work through these steps:

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