Magee at a glance
- Population: roughly 3,938 people; 72nd of 299 places in Mississippi (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 4,027 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 2.2% below the 2020 Census base (US Census Bureau).
- Rank among Mississippi places: 72nd out of 299 Census places (US Census Bureau).
- Size percentile: roughly 76% of Mississippi's places have fewer residents (US Census Bureau).
- Coordinates: 31.8730 / -89.7340, per the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Florence, MS (30 mi); Brandon, MS (32 mi); Pearl, MS (35 mi); Richland, MS (35 mi); Ellisville, MS (36 mi) (US Census Bureau).
- Nearest smaller towns: Mount Olive, MS (9 mi); Mendenhall, MS (10 mi); Mize, MS (11 mi) — US Census Bureau populations.
What a personal loan costs in Magee
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
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 Magee
The sourced rows below are the rules a licensed lender must follow when lending in Mississippi, and therefore in Magee.
| 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 Magee
Before you share your details with a lender in Magee:
- 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.