Mississippi Best Personal Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Mississippi personal loan rates range from 6.50% to 18.00% APR, verified by MonitorBankRates as of October 13, 2026. Current personal loan options available to borrowers in Mississippi include: Mississippi Public Employees Credit UnionMississippi Public Employees Credit Union613 S West St, Jackson, MS, 39201 5506A+5.0 ★Texas Ratio: 0.15% offering Signature Loan at 6.50% APR, Baxter Credit UnionBaxter Credit Union911 N Davis Ave, Cleveland, MS, 38732 2106A5.0 ★Texas Ratio: 6.31% offering Personal Loan at 6.99% APR, Vickswood Federal Credit UnionVickswood Federal Credit Union107 Thalweg Dr, Vicksburg, MS, 39183A+5.0 ★Texas Ratio: 0.00% offering Signature Loans at 7.00% APR, Hope Federal Credit Union Jackson, MSHope Federal Credit Union Jackson, MS4 Old River Pl, Jackson, MS, 39202 3431A5.0 ★Texas Ratio: 7.78% offering Unsecured / Signature Loan at 7.50% APR, and Pearl Municipal Federal Credit UnionPearl Municipal Federal Credit Union2420 Old Brandon Rd, Pearl, MS, 39208 4601A+5.0 ★Texas Ratio: 2.42% offering Signature Loan at 7.50% APR. Personal loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare personal loan rates across Mississippi side-by-side. Mississippi personal loan rates currently start as low as 6.50% APR from Mississippi Public Employees Credit Union at 613 S West St, Jackson, MS, 39201 5506. Rates are continually updated, so we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics, including A-F Safety Grades, verified Star Ratings, and Texas Ratios, so you can confidently borrow from a stable, highly-rated institution in Mississippi.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Mississippi. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: October 13, 2026
Mississippi Personal Loan Rates
Credit Score: 660 and up
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
As Low As
Published APR range: 7.50% - 18.00%. Maximum Amount: 20% of Gross Income - Depends on Credit Score
As low as
Credit Score: 660 and up
As Low As; Annual Percentage Rate; Rates effective as of 03/01/2025; contact credit union for all loan products and rates
As Low As; Actual rates and terms vary based on credit history, loan amount, and collateral.
APR = Annual Percentage Rate. Listed APR is AS LOW AS and is based on credit qualification. Terms from 1 to 72 months. Your rate may be different than the rate listed.
Published rate range: 8.00% - 17.00%.
Credit Rating: 730 & above
Score: 715+; Max: $5,000; Preferred discount -2% for members with credit scores above 715 AND debt ratio less than 35%
Credit Score: 659 - 620
As Low As; Personal Loan Rates
- Oct 5, 20268.14%▲ from 7.99%
- Sep 14, 20267.99%first recorded
As Low As; APR*; Rates effective as of June 1, 2024; Rate subject to creditworthiness and approval
Beginning as low as 8.50%
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
Credit Grade: A+ Category = or > 725
Credit Grade: A+ Category = or > 725
As Low As; Limit: Up to $20,000; Individual
As Low As; Limit: Up to $40,000; Joint
As Low As; Limit: $500 - $20,000
As Low As; Limit: $500 - $40,000
Credit Rating: S (775+); Unsecured Limit: $15,000.00
Credit Rating: 680-729
As Low As; Advertised APR assumes excellent borrower credit history; actual APR may differ based on credit history, model year, term, and loan amount; rates subject to change
APR* = Annual Percentage Rate; rates available to qualified borrowers, for a limited time, subject to change without notice
As Low As; Rates Subject To Change Without Notice
Credit Grade: A Category 660 - 724
Credit Grade: A Category 660 - 724
As Low As
Published APR range: 9.99 - 16.99%. Rates, terms, and conditions are subject to change without notice. Maximum term and/or percentage to be financed may vary based on amount borrowed, collateral, value, additional credit union services chosen, and/or credit standing of the applicant. Loans above $35,000 may be financed for 120 months with a 5 year balloon payment. Maximum line of credit may vary based on prior credit performance and income level. 90 day payment deferral option on most loans. 30 day guarantee on pre-approved loan rates. **Membership Eligibility Required
Published APR range: 9.99% to 17.99%. Conditions Vary; other conditions apply
As Low As; Low Interest Loans; Rate based on credit worthiness and term of loan
Credit Score: 760 +; Tier: A++
Published APR range: 9.99% - 15.99%.
Personal loan; Terms: See a 1st MS Loan Officer; Rates are based on creditworthiness, so your rate may differ; See a 1st MS Loan Officer to verify rates
Terms: See a 1st MS Loan Officer; Rates are based on creditworthiness, so your rate may differ
Score: 680-714; Max: $4,000
Credit Score: 659 - 620
APR* = Annual Percentage Rate; rates available to qualified borrowers, for a limited time, subject to change without notice
As Low As; Rate is based on the Equifax Credit Report Score and Loan Term
Published APR range: 10.45% - 18.00%. Rates (APR) range as printed; subject to credit approval
As Low As; Actual rates and terms vary based on credit history and loan amount.
Published APR range: 10.50%-18.00%.
Credit Rating: 640-679
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As Low As; Rates Effective as of 01/01/2024. Rates subject to change without notice.
As Low As
Credit Rating: A (700-774); Unsecured Limit: $10,000.00
Credit Score: 720 - 759; Tier: A+
As low as; New & Used
Credit Tier A+ (750+)
Published APR range: 11.00% to 18.00%.
APR* = Annual Percentage Rate; rates available to qualified borrowers, for a limited time, subject to change without notice
Credit Tier A (700-749)
Additional APR listed for this product: 13.24%. Loan Amount: $500.00 - $25,000.00
Credit Grade: B Category 620 - 659
Credit Grade: B Category 620 - 659
Credit Score: 680 - 719; Tier: A
Score: 640-679; Max: $3,500
As Low As; Amount: $1,500 minimum; Rates are based on credit qualifications, including credit score, minimum amount financed and term, and includes Premier/Access Premier relationship discount of 0.25% APR.
As Low As; Rate is based on the Equifax Credit Report Score and Loan Term
Credit Rating: 600-639
As Low As; Variable Rate; A rate loan rates shown are for 'A' credit
- Oct 12, 202612.75%▲ from 12.50%
- Sep 18, 202612.50%first recorded
Credit Rating: B (650-699); Unsecured Limit: $7,500.00
As Low As; Rate is based on the Equifax Credit Report Score and Loan Term
Published rate range: 13.00% to 18.00% *. Rate: 13.00% to 18.00% *; Your rate depends on your Credit Score; Any late payment within 6 months prior to the application for a refinance will result in the denial of loan.
As Low As; Unsecured Loan Rates; APR = Annual Percentage Rate; With Approved Credit
Credit Tier B (660-699)
As Low As; Rate is based on the Equifax Credit Report Score and Loan Term
Credit Score: 640 - 679; Tier: B
Score: 600-639; Max: $3,000
Credit Rating: C (600-649); Unsecured Limit: $5,000.00
Credit Rating: 550-599
Credit Score: 600 - 639; Tier: C
Score: 550-599; Max: $1,500
Credit Grade: C Category 600 - 619
Credit Rating: D (550-599); Unsecured Limit: $2,500.00
Credit Tier C (620-659)
Credit Score: 619 - 600
Credit Rating: E (549-); Unsecured Limit: $1,000.00
Credit Score: 0 - 599; Tier: D/E
Credit Tier D (515-619)
Credit Rating: 549 or less
Non-Qualifying; single rate shown in the first rate column (A+ Category = or > 725 position)
Credit Grade: D Category = or < 599
Score: Under 549; Max: $1,000
Credit Score: 599 - 515
Mississippi Personal Loan Rates
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As Low As; Limit: $500 - $20,000
As Low As; Limit: $500 - $40,000
As Low As; Advertised APR assumes excellent borrower credit history; actual APR may differ based on credit history, model year, term, and loan amount; rates subject to change
APR* = Annual Percentage Rate; rates available to qualified borrowers, for a limited time, subject to change without notice
As Low As
Published APR range: 9.99 - 16.99%. Rates, terms, and conditions are subject to change without notice. Maximum term and/or percentage to be financed may vary based on amount borrowed, collateral, value, additional credit union services chosen, and/or credit standing of the applicant. Loans above $35,000 may be financed for 120 months with a 5 year balloon payment. Maximum line of credit may vary based on prior credit performance and income level. 90 day payment deferral option on most loans. 30 day guarantee on pre-approved loan rates. **Membership Eligibility Required
Terms: See a 1st MS Loan Officer; Rates are based on creditworthiness, so your rate may differ
APR* = Annual Percentage Rate; rates available to qualified borrowers, for a limited time, subject to change without notice
Rates as of Oct 09, 2026 ET. Personal Loan rates range from 8.74% to 18.00% APR. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $159 to $183 and finance charge range from $742 to $1,598.
As low as; New & Used
APR* = Annual Percentage Rate; rates available to qualified borrowers, for a limited time, subject to change without notice
Additional APR listed for this product: 13.24%. Loan Amount: $500.00 - $25,000.00
As Low As; Variable Rate; A rate loan rates shown are for 'A' credit
- Oct 12, 202612.75%▲ from 12.50%
- Sep 18, 202612.50%first recorded
Mississippi Debt Consolidation Loan Rates
Mississippi Signature Loan Rates
Credit Score: 660 and up
As Low As
Published APR range: 7.50% - 18.00%. Maximum Amount: 20% of Gross Income - Depends on Credit Score
As low as
Credit Score: 660 and up
As Low As; Annual Percentage Rate; Rates effective as of 03/01/2025; contact credit union for all loan products and rates
As Low As; Actual rates and terms vary based on credit history, loan amount, and collateral.
APR = Annual Percentage Rate. Listed APR is AS LOW AS and is based on credit qualification. Terms from 1 to 72 months. Your rate may be different than the rate listed.
Published rate range: 8.00% - 17.00%.
Credit Rating: 730 & above
Credit Score: 659 - 620
As Low As; Personal Loan Rates
- Oct 5, 20268.14%▲ from 7.99%
- Sep 14, 20267.99%first recorded
As Low As; APR*; Rates effective as of June 1, 2024; Rate subject to creditworthiness and approval
Credit Grade: A+ Category = or > 725
Credit Rating: 680-729
APR* = Annual Percentage Rate; rates available to qualified borrowers, for a limited time, subject to change without notice
Credit Grade: A Category 660 - 724
Published APR range: 9.99% to 17.99%. Conditions Vary; other conditions apply
As Low As; Low Interest Loans; Rate based on credit worthiness and term of loan
Credit Score: 760 +; Tier: A++
Published APR range: 9.99% - 15.99%.
Personal loan; Terms: See a 1st MS Loan Officer; Rates are based on creditworthiness, so your rate may differ; See a 1st MS Loan Officer to verify rates
Terms: See a 1st MS Loan Officer; Rates are based on creditworthiness, so your rate may differ
Credit Score: 659 - 620
APR* = Annual Percentage Rate; rates available to qualified borrowers, for a limited time, subject to change without notice
As Low As; Rate is based on the Equifax Credit Report Score and Loan Term
Published APR range: 10.45% - 18.00%. Rates (APR) range as printed; subject to credit approval
As Low As; Actual rates and terms vary based on credit history and loan amount.
Published APR range: 10.50%-18.00%.
Credit Rating: 640-679
As Low As
Credit Score: 720 - 759; Tier: A+
Credit Tier A+ (750+)
APR* = Annual Percentage Rate; rates available to qualified borrowers, for a limited time, subject to change without notice
Credit Tier A (700-749)
Credit Grade: B Category 620 - 659
Credit Score: 680 - 719; Tier: A
As Low As; Amount: $1,500 minimum; Rates are based on credit qualifications, including credit score, minimum amount financed and term, and includes Premier/Access Premier relationship discount of 0.25% APR.
As Low As; Rate is based on the Equifax Credit Report Score and Loan Term
Credit Rating: 600-639
As Low As; Rate is based on the Equifax Credit Report Score and Loan Term
Published rate range: 13.00% to 18.00% *. Rate: 13.00% to 18.00% *; Your rate depends on your Credit Score; Any late payment within 6 months prior to the application for a refinance will result in the denial of loan.
Credit Tier B (660-699)
As Low As; Rate is based on the Equifax Credit Report Score and Loan Term
Credit Score: 640 - 679; Tier: B
Credit Rating: 550-599
Credit Score: 600 - 639; Tier: C
Credit Grade: C Category 600 - 619
Credit Tier C (620-659)
Credit Score: 619 - 600
Credit Score: 0 - 599; Tier: D/E
Credit Tier D (515-619)
Credit Rating: 549 or less
Credit Grade: D Category = or < 599
Credit Score: 599 - 515
Mississippi Personal Loan Rate Trends
Compare local Mississippi personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Mississippi personal loan rates fell 0.146 points over the past 7 days to 10.614% APR.
Mississippi signature loan rates rose 0.160 points over the past 7 days to 10.213% APR.
Mississippi Personal Loan Rate Forecast, Next 12 Months
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current Mississippi figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current MS average personal loan APR of 10.61%, across the terms lenders serving Mississippi most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $232.14/mo | $162.78/mo | $128.29/mo | $107.75/mo |
| $10,000 | $464.29/mo | $325.56/mo | $256.58/mo | $215.50/mo |
| $15,000 | $696.43/mo | $488.34/mo | $384.87/mo | $323.25/mo |
| $25,000 | $1,160.72/mo | $813.90/mo | $641.46/mo | $538.76/mo |
| $35,000 | $1,625.00/mo | $1,139.46/mo | $898.04/mo | $754.26/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in Mississippi
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the MS personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (MS average) | 10.61% | $384.87 | $3,474 | |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,676 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,210 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,803 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average. Check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
How to Get the Best Personal Loan Rate in Mississippi
Prequalify With a Soft Credit Check
Most lenders serving Mississippi will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying. The advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our Mississippi data, and many charge no origination fee. Membership is usually easier than expected; many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle? A secured Mississippi auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity? Compare home equity rates, though your home becomes collateral
- Not urgent? Building the money in a Mississippi high-yield savings account costs nothing and earns interest instead of paying it
Mississippi Financial Snapshot
Local demographics and economic context for borrowers. Source: U.S. Census Bureau
A $385 monthly loan payment is roughly 12.4% of the median individual income in Mississippi. Lenders generally want your total monthly debt payments, including housing, to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in Mississippi.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid, fixed | ✗ Highest, variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1 to 3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks (appraisal and closing) |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3 to 5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt; missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current MS average, or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds; you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Mississippi personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for Mississippi directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in Mississippi. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in MS.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Personal Loans for Bad Credit in Mississippi
A FICO score below 580 is considered poor and 580 to 669 is fair. You can still get a personal loan with bad credit, but expect an APR well above the best rates on this page, a smaller loan amount, or a request for collateral or a cosigner. Where you apply matters as much as your score.
Start With a Credit Union
Federal credit unions cannot charge more than 18% APR on most loans through September 10, 2027. Many weigh your income and membership history, not just your score.
Ask About a Payday Alternative Loan
Many federal credit unions offer PALs for small, short term needs, capped at 28% APR with an application fee of no more than $20. That is a fraction of what a payday lender charges.
Secure the Loan With Savings
A share secured or CD secured loan uses your own savings as collateral, so approval is easy and the APR is low. On time payments are reported to the credit bureaus and help rebuild your score.
Add a Cosigner or Co-borrower
A second applicant with stronger credit can lower your rate and raise the amount you qualify for. They are equally responsible for every payment.
Prequalify Before You Apply
Most lenders show an estimated rate with a soft credit check that does not affect your score. Compare APRs, including any origination fee, before you submit a full application.
Avoid Payday and Title Loans
The CFPB notes a typical payday fee of $15 per $100 equals an APR of almost 400% on a two week loan. A title loan puts your car at risk. A credit union loan costs far less.
Frequently Asked Questions
What credit score do I need for a personal loan in Mississippi?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in Mississippi?
Are credit unions or banks better for personal loans in Mississippi?
What is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
Can I get a personal loan with bad credit in Mississippi?
What is the maximum APR on a bad credit personal loan from a credit union?
What are the best personal loan rates in Mississippi?
- Mississippi Public Employees Credit Union: 6.50% (Signature Loan)
- Baxter Credit Union: 6.99% (Personal Loan)
- Vickswood Federal Credit Union: 7.00% (Signature Loans)
- Hope Federal Credit Union Jackson, MS: 7.50% (Unsecured / Signature Loan)
- Pearl Municipal Federal Credit Union: 7.50% (Signature Loan)
