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Personal loans in Magnolia, MS

A personal loan in Magnolia is a fixed-payment installment loan, and the rate you are offered turns on your credit, your income and your existing debts. With roughly 1,830 people, Magnolia ranks 106th of 299 Census places in Mississippi. The rate caps and licensing requirements that apply to a lender in Mississippi are set out in the sourced table below.

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

Compare rates Run the numbers first

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Magnolia at a glance

  • Population: about 1,830, 106th by size in Mississippi of 299 places (Census Vintage 2023 subcounty estimate).
  • 2020 Census base: 1,887 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: roughly 3.0% fewer residents than at the 2020 Census (US Census Bureau).
  • Rank among Mississippi places: 106th of 299 by population (US Census Bureau, Vintage 2023).
  • Size percentile: roughly 65% of Mississippi's places have fewer residents (US Census Bureau).
  • Coordinates: 31.1612 / -90.4695, per the US Census Bureau Gazetteer.
  • Nearest larger cities: McComb, MS (6 mi); Kentwood, LA (16 mi); Franklinton, LA (29 mi); Brookhaven, MS (29 mi); Amite City, LA (30 mi) (Census populations, approximate straight-line distance).
  • Nearest smaller towns: Summit, MS (8 mi); Osyka, MS (11 mi); Tylertown, MS (19 mi) — US Census Bureau populations.

What a personal loan costs in Magnolia

The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.

Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.

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.

A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.

Mississippi lending rules that apply in Magnolia

Read the table as the compliance picture for a lender serving Magnolia: label, sourced figure, publisher and date.

RuleDetailSource
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
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 Magnolia

Before you commit to a personal loan in Magnolia, 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 Magnolia?
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 Magnolia are the same as elsewhere in Mississippi.
How much can I borrow with a personal loan in Magnolia?
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 Magnolia 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 Magnolia 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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