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Personal loans in Carrollton, MS

Taking out a personal loan in Carrollton means a fixed monthly payment for a set term, and the APR you are quoted rests on your credit, income and debts. About 423 people live in Carrollton, which ranks 214th of 299 Census places in Mississippi. Rate caps and licensing for consumer lenders in Mississippi come from state law, and the sourced rows below set them out.

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

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Carrollton at a glance

  • Population: roughly 423 people; 214th of 299 places in Mississippi (Census Vintage 2023 subcounty estimate).
  • 2020 Census base: 436 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: down about 3.0% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Mississippi places: 214th-largest of 299 (US Census Bureau, Vintage 2023 estimate).
  • Size percentile: about 28% of Mississippi's Census places are smaller (US Census Bureau).
  • Coordinates: the Census Gazetteer places it at 33.5056, -89.9218.
  • Nearest larger cities: Winona, MS (11 mi); Duck Hill, MS (15 mi); Vaiden, MS (15 mi); Greenwood, MS (16 mi); Grenada, MS (20 mi) (Census populations, approximate straight-line distance).
  • Smaller places nearby: North Carrollton, MS (1 mi); Sidon, MS (18 mi); Cruger, MS (22 mi), per US Census Bureau estimates.

What a personal loan costs in Carrollton

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

Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.

A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.

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 Carrollton

The sourced rows below are the rules a licensed lender must follow when lending in Mississippi, and therefore in Carrollton.

RuleDetailSource
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
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

How to compare offers in Carrollton

The order below is a sensible way to approach a loan in Carrollton:

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