Shaw at a glance
- Population: roughly 1,363 people; 132nd of 299 places in Mississippi (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,457 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: down about 6.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Mississippi places: the 132nd-largest of 299 (US Census Bureau, 2023 estimate).
- Size percentile: about 56% of places in Mississippi are smaller (US Census Bureau).
- Coordinates: 33.6015, -90.7720 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Cleveland, MS (10 mi); Indianola, MS (13 mi); Leland, MS (15 mi); Ruleville, MS (15 mi); Moorhead, MS (19 mi) (US Census Bureau).
- Nearest smaller towns: Boyle, MS (8 mi); Renova, MS (13 mi); Benoit, MS (14 mi) (US Census Bureau).
What a personal loan costs in Shaw
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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 Shaw
Read the table as the compliance picture for a lender serving Shaw: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 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 |
How to compare offers in Shaw
A few practical steps will make the process in Shaw less costly:
- 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.