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Personal loans in Terry, MS

In Terry, a personal loan turns a one-time expense into predictable monthly payments, and the rate you get depends on your credit, income and debts. At about 1,479 residents, Terry is the 124th-largest of the 299 Census places in Mississippi. Mississippi's rate ceilings and lender-licensing requirements appear below, each with the publisher and date behind it.

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

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Terry at a glance

  • Population: 1,479 people, the 124th-largest place among Mississippi's 299 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 1,301 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: up about 13.7% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Mississippi places: 124th of 299 by population (US Census Bureau, Vintage 2023).
  • Size percentile: roughly 59% of Mississippi's places have fewer residents (US Census Bureau).
  • Coordinates: mapped at 32.1061, -90.2926 by the US Census Bureau Gazetteer.
  • Nearest larger cities (within 120 miles): Byram, MS (6 mi); Crystal Springs, MS (9 mi); Florence, MS (11 mi); Richland, MS (12 mi); Raymond, MS (13 mi) (US Census Bureau populations).
  • Nearest smaller places: Learned, MS (16 mi); Georgetown, MS (18 mi); Utica, MS (19 mi) (US Census Bureau estimates).

What a personal loan costs in Terry

Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.

The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

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 Terry

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

RuleDetailSource
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 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

How to compare offers in Terry

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