Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Payday loans in Laurel, Mississippi

Learn the regulations in your city — and how much a loan could cost you.


Fact checked

Editor's choice: OppLoans Installment Loans

OppLoans Installment Loans logo
  • Easy online application
  • Quick approval
  • Long repayment terms
See my rate

When you’re looking to borrow from a lender in Laurel, it pays to know what you can be charged. Mississippi outlines a few regulations to help keep costs down, but you’ll still want to be sure you find the right lender — and type of short-term loan — before you commit.

Can I get a payday loan in Laurel, Mississippi?

Yes, payday loans — also known as cash advances — are available in Laurel through Mississippi Statutory Citation 75-67-501 et seq. These laws apply to lenders in Laurel that have physical storefronts and lenders outside of Laurel that operate online.

You can borrow up to $500. For loans less than $250, there is a financing fee of $20 per $100 borrowed. For loans between $250 and $500, there is a financing fee of $21.95 per $100. No matter how much you borrow, there is a term of 30 days.

In addition to payday loans, you can also find lenders that offer installment loans and auto title loans, though title loans are governed under the Title Pledge Act and fall under slightly different rules. But as with payday loans, these can both be costly options, so it pays to compare lenders carefully before you borrow.

Compare short-term loans in Laurel, MS

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
CreditLend connection service
Varies by lender
Regular source of income, checking account, not currently involved in bankruptcy or bankruptcy relief
Find a line of credit — even if you don't have a perfect score.
 Check Into Cash Installment Loans
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
Borrow money with lower payments and more time to pay than a traditional payday loan.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Possible Finance Mobile Installment Loans
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

What do I need to apply?

In general, all lenders require you to meet the same basic requirements. You must have a regular source of income, be a citizen or permanent resident of the US and be at least 18 years old.

When you fill out the application, be prepared to submit some personal information like your Social Security number and gross monthly income. Lenders will also need to confirm your identity before they approve your loan, so follow the steps in the application and fill everything out as accurately as possible. If you pick one of the lenders in the table above, you can visit our review to see exactly what you’ll need to apply.

Where to find short-term loan locations in Laurel

Short-term loan locations near me in Laurel, MI

  • Acceptance Loan Company, Inc. 2001 Mississippi 15 N, Laurel, MS 39440
  • Advance America. 1710 Hwy. 15 North, Ste. B, Laurel, MS 39440
  • Check Into Cash. 615 N 16th Ave, Laurel, MS 39440
  • Express Check Advance. 105 S 16th Ave B, Laurel, MS 39440
  • First Choice Payday Loans. 1215 W 5th St, Laurel, MS 39440
  • Laurel Loans, Inc. 744 W 5th St, Laurel, MS 39440
  • Money Market. 606 N Magnolia St, Laurel, MS 39440
  • Payday Loan Store of Ms Laurel. S 16th Avenue
  • PLS Loan Store. 127 S 16th Ave, Laurel, MS 39440
  • Speedy Cash. 214 N 16th Ave, Laurel, MS 39440

Must read: Be cautious of high costs

Mississippi may set a cap on the total financing fees a lender can charge you, but borrowing a payday loan in Laurel still won’t be cheap. A loan of $500 will end up costing you $609.75 — and you’ll only have a maximum of 30 days to get that money together. This can make repaying a payday loan quite difficult and lead to default.

Before you commit to a lender, consider your payday loan alternatives to see all of your options.

What are my other short-term loan options in Laurel?

You aren’t just limited to payday loans. As stated above, there are lenders in Laurel that also offer installment loans and auto title loans.

  • Installment loans. Installment loans allow you to borrow up to $4,000 — though the specific amount you qualify for depends on the lender and your finances. Lenders can charge an APR up to 59%, but unlike traditional personal loans, installment loans generally don’t require you to meet strict credit requirements.
  • Auto title loans. In Mississippi, you can borrow up to $2,500 through an auto title loan. Lenders can’t charge more than 25% per month for your loan. This is the same as a 300% APR, which can be difficult to repay. And since you’re using your title as collateral, you risk having your car repossessed if you default.

Bottom line

Payday loans are often advertised as a quick way to come up with the money you need, especially if you’re facing a big bill or expense before you get paid, but Mississippi law doesn’t restrict lenders as fully as some states. While convenient, payday loans can still be costly. Because of this, it pays to compare your options before you borrow.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site