Winona at a glance
- Population: about 4,079, 71st by size in Mississippi of 299 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 4,498 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population fell about 9.3% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Mississippi places: 71st out of 299 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 76% of Mississippi's Census places by population (US Census Bureau).
- Coordinates: 33.4903 / -89.7293, per the US Census Bureau Gazetteer.
- Nearest larger cities: Grenada, MS (21 mi); Greenwood, MS (27 mi); Kosciusko, MS (31 mi); Louisville, MS (46 mi); Starkville, MS (52 mi); US Census Bureau population estimates.
- Smaller towns nearby: Duck Hill, MS (10 mi); Kilmichael, MS (10 mi); Vaiden, MS (11 mi) (US Census Bureau).
What a personal loan costs in Winona
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
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.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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 Winona
Read the table as the compliance picture for a lender serving Winona: label, sourced figure, publisher and date.
| 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 Winona
Before you share your details with a lender in Winona:
- 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.