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Personal loans in Coahoma, MS

For a borrower in Coahoma, a personal loan is a sum repaid in equal monthly installments, priced mainly from your credit profile, income and debt load. Census estimates count about 219 residents in Coahoma, making it the 265th-largest of 299 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

Compare rates Run the numbers first

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Coahoma at a glance

  • Population: 219 people, the 265th-largest place among Mississippi's 299 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 234 residents at the 2020 Census (US Census Bureau, 2020 count).
  • 2020 to 2023 change: population fell about 6.4% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
  • Rank among Mississippi places: 265th of the state's 299 Census places (US Census Bureau).
  • Size percentile: larger than about 11% of the Census places in Mississippi (US Census Bureau).
  • Coordinates: 34.3663, -90.5220 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities: Jonestown, MS (5 mi); Friars Point, MS (7 mi); Lyon, MS (10 mi); Clarksdale, MS (12 mi); Helena-West Helena, AR (13 mi) — straight-line distances, US Census Bureau populations.
  • Nearest smaller places: Lula, MS (7 mi); Falcon, MS (15 mi); Lexa, AR (21 mi) (US Census Bureau estimates).

What a personal loan costs in Coahoma

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

The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.

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 Coahoma

Where a figure is not published by the state, the row points to the source instead of guessing.

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 Coahoma

The steps below are worth completing first when you borrow in Coahoma:

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