Hernando at a glance
- Population: a Census-estimated 18,239, placing it 23rd among Mississippi's 299 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 17,135 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population rose about 6.4% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Mississippi places: 23rd out of 299 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 92% of Mississippi's Census places by population (US Census Bureau).
- Coordinates: 34.8496, -89.9924 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Southaven, MS (7 mi); Horn Lake, MS (8 mi); Olive Branch, MS (11 mi); Memphis, TN (18 mi); Germantown, TN (20 mi) (US Census Bureau populations).
- Nearest smaller places: Coldwater, MS (11 mi); Walls, MS (11 mi); Senatobia, MS (17 mi) (US Census Bureau estimates).
What a personal loan costs in Hernando
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Mississippi lending rules that apply in Hernando
The table lists the Mississippi rules that apply to a loan made in Hernando, each with the regulator that published it.
| 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 Hernando
Run through this list before signing anything in Hernando:
- 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.