Mississippi Best Personal Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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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: 1.11% offering Signature Loan at 6.50% 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, Baxter Credit UnionBaxter Credit Union911 N Davis Ave, Cleveland, MS, 38732 2106A5.0 ★Texas Ratio: 6.20% offering Personal Loan at 7.49% APR, Hope Federal Credit Union Jackson, MSHope Federal Credit Union Jackson, MS4 Old River Pl, Jackson, MS, 39202 3431A5.0 ★Texas Ratio: 6.51% 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: 2.40% offering Signature Loan at 7.50% APR. Personal loan rates as of September 22, 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: September 22, 2026
Mississippi Personal Loan Rates
Credit Score: 660 and up
As Low As
As Low As
Published APR range: 7.50% - 18.00%.
As low as 7.50%
Credit Score: 660 and up
As low as; Rates effective as of 03/01/2025.
No additional details available.
As Low As; Your rate may be different than the rate listed.
Published rate range: 8.00% - 17.00%.
Credit Rating: 730 & above
Credit Score: 715+; Max Loan Amount: $5,000
Credit Score: 659 - 620
No additional details available.
Unsecured/Signature Loans for $4,000 with an interest rate of 8.50% (8.50% APR) and a term of 48 months would have a monthly payment of $92.32.
As Low As; Beginning as low as 8.50%
A+ Category = or > 725
Individual
Credit Rating: S; 775+; Unsecured Limit: $15,000.00
Credit Rating: 680-729
As Low As
No additional details available.
As Low As; APR - Annual Percentage Rate. Rates Subject To Change Without Notice.
A Category 660 - 724
No additional details available.
As Low As; Loans must be paid in full within 12 months or less, depends on when the loan origination date.
Credit Score: 760 +; Tier: A++
Published APR range: 9.99% - 15.99%.
Term: See a 1st MS Loan Officer
Term: See a 1st MS Loan Officer
Score: 600-639; Invoice: 95%
Credit Score: 680-714; Max Loan Amount: $4,000
Credit Score: 659 - 620
No additional details available.
As Low As; Credit Score Performance Based
No additional details available.
All quoted loan rates are APR rates (annual percentage rates)
Credit Rating: 640-679
As Low As; Rates Effective as of 01/01/2024. Rates subject to change without notice.
No additional details available.
Credit Rating: A; 700-774; Unsecured Limit: $10,000.00
Credit Score: 720 - 759; Tier: A+
Credit Grade: A+ (750+)
Published APR range: 11.00% to 18.00%.
No additional details available.
Credit Grade: A (700-749)
B Category 620 - 659
Credit Score: 680 - 719; Tier: A
Score: 550-599; Invoice: 90%
Credit Score: 640-679; Max Loan Amount: $3,500
As low as; Loan Amount: Up to $15,000
As low as; 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; Credit Score Performance Based
No additional details available.
Credit Rating: 600-639
Credit Rating: B; 650-699; Unsecured Limit: $7,500.00
As Low As; Credit Score Performance Based
Published rate range: 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; With approved credit. Rate and term based on year model, amount financed, and credit score. Rates subject to change.
No additional details available.
Credit Grade: B (660-699)
As Low As; Credit Score Performance Based
Credit Score: 640 - 679; Tier: B
Credit Score: 600-639; Max Loan Amount: $3,000
Credit Rating: C; 600-649; Unsecured Limit: $5,000.00
Credit Rating: 550-599
Credit Score: 600 - 639; Tier: C
Score: Under 549; Invoice: 85%
Credit Score: 550-599; Max Loan Amount: $1,500
C Category 600 - 619
Credit Rating: D; 550-599; Unsecured Limit: $2,500.00
Credit Grade: C (620-659)
Credit Score: 619 - 600
Credit Rating: E; 549 -; Unsecured Limit: $1,000.00
Credit Score: 0 - 599; Tier: D/E
Credit Grade: D (515-619)
Credit Rating: 549 or less
D Category = or < 599
Credit Score: Under 549; Max Loan Amount: $1,000
Credit Score: 599 - 515
Mississippi Personal Loan Rates
As Low As
Individual
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As low as; With approved credit. Rate and term based on year model, amount financed, and credit score. Rates subject to change.
Mississippi Debt Consolidation Loan Rates
Mississippi Signature Loan Rates
Credit Score: 660 and up
As Low As
Published APR range: 7.50% - 18.00%.
As low as 7.50%
Credit Score: 660 and up
As low as; Rates effective as of 03/01/2025.
No additional details available.
As Low As; Your rate may be different than the rate listed.
Published rate range: 8.00% - 17.00%.
Credit Rating: 730 & above
Credit Score: 659 - 620
No additional details available.
Unsecured/Signature Loans for $4,000 with an interest rate of 8.50% (8.50% APR) and a term of 48 months would have a monthly payment of $92.32.
A+ Category = or > 725
Credit Rating: 680-729
A Category 660 - 724
As Low As; Loans must be paid in full within 12 months or less, depends on when the loan origination date.
Credit Score: 760 +; Tier: A++
Published APR range: 9.99% - 15.99%.
Term: See a 1st MS Loan Officer
Term: See a 1st MS Loan Officer
Credit Score: 659 - 620
As Low As; Credit Score Performance Based
No additional details available.
All quoted loan rates are APR rates (annual percentage rates)
Credit Rating: 640-679
No additional details available.
Credit Score: 720 - 759; Tier: A+
Credit Grade: A+ (750+)
Credit Grade: A (700-749)
B Category 620 - 659
Credit Score: 680 - 719; Tier: A
As low as; 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; Credit Score Performance Based
Credit Rating: 600-639
As Low As; Credit Score Performance Based
Published rate range: 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 Grade: B (660-699)
As Low As; Credit Score Performance Based
Credit Score: 640 - 679; Tier: B
Credit Rating: 550-599
Credit Score: 600 - 639; Tier: C
C Category 600 - 619
Credit Grade: C (620-659)
Credit Score: 619 - 600
Credit Score: 0 - 599; Tier: D/E
Credit Grade: D (515-619)
Credit Rating: 549 or less
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 0.278 points over the past 7 days to 10.231% APR.
Mississippi signature loan rates fell 0.536 points over the past 7 days to 11.091% 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 10.23%, 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 | $231.26/mo | $161.88/mo | $127.37/mo | $106.80/mo |
| $10,000 | $462.52/mo | $323.76/mo | $254.74/mo | $213.61/mo |
| $15,000 | $693.77/mo | $485.64/mo | $382.10/mo | $320.41/mo |
| $25,000 | $1,156.29/mo | $809.39/mo | $636.84/mo | $534.02/mo |
| $35,000 | $1,618.81/mo | $1,133.15/mo | $891.58/mo | $747.63/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) | 10.23% | $382.10 | $3,341 | — |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,809 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,343 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,935 |
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 $382 monthly loan payment is roughly 12.3% 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 1–3 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 3–5% | ● 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.
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?
What are the best personal loan rates in Mississippi?
- Mississippi Public Employees Credit Union: 6.50% (Signature Loan)
- Vickswood Federal Credit Union: 7.00% (Signature Loans)
- Baxter Credit Union: 7.49% (Personal Loan)
- Hope Federal Credit Union Jackson, MS: 7.50% (Unsecured / Signature Loan)
- Pearl Municipal Federal Credit Union: 7.50% (Signature Loan)
