Shelby at a glance
- Population: 1,870 (US Census Bureau, Vintage 2023 subcounty estimate), the 104th-largest of 299 places in Mississippi.
- 2020 Census base: 2,021 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 7.5% lower than the 2020 Census base (US Census Bureau).
- Rank among Mississippi places: 104th out of 299 Census places (US Census Bureau).
- Size percentile: ahead of around 65% of Mississippi places in population terms (US Census Bureau).
- Coordinates: mapped at 33.9505, -90.7651 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Cleveland, MS (14 mi); Tutwiler, MS (20 mi); Ruleville, MS (20 mi); Clarksdale, MS (20 mi); Indianola, MS (35 mi) (US Census Bureau).
- Nearest smaller communities: Winstonville, MS (3 mi); Mound Bayou, MS (5 mi); Duncan, MS (6 mi) (Census populations).
What a personal loan costs in Shelby
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Shelby
Read the table as the compliance picture for a lender serving Shelby: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Shelby
The order below is a sensible way to approach a loan in Shelby:
- 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.