Mississippi Personal Loans

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Funds As Soon As Same Day**

Installment Loans

This product extends credit up to $2,000 with flexible repayment options up to 7 months. It offers low rates and the ability to obtain more frequent advances if needed.

Installment Loans are the go-to solution for your borrowing needs.  Offering low rates and flexible repayment options.
Installment loans are an especially useful resource for those who wish to:
  • Consolidate other loans into one low and easy payment
  • Buy furniture, electronics, or appliances versus renting them
  • Assist with down payments for cars, boats, housing, or other substantial items
  • Assist with unexpected bills

 

Installment Loan Fee Schedule as of November 6, 2020

Amount Financed # of Payments Payment Frequency Payment Amount Interest Total Total Loan Amount APR
$200.00 17 Weekly $18.75 $118.82 $318.82 299.20%
$500.00 30 Weekly $35.37 $561.25 $1,061.25 299.19%
$200.00 9 Biweekly $36.83 $131.51 $331.51 299.14%
$500.00 15 Biweekly $67.80 $516.98 $1,016.98 299.17%
$200.00 8 Semi-Monthly $39.03 $112.23 $312.23 298.33%
$500.00 14 Semi-Monthly $73.68 $531.51 $1,031.51 298.05%
$200.00 4 Monthly $85.04 $140.16 $340.16 302.80%
$500.00 7 Monthly $136.12 $452.89 $952.89 300.43%

Example assumes exact period terms for Weekly, Bi-Weekly, Semi-Monthly and Monthly pay cycles. The finance charge includes fees charged based on a contractual APR of 300%.

Examples listed MAY have an OPTIONAL fee assessment for ACH services of $1.00. See associate for details.

Examples listed MAY have an OPTIONAL fee assessment for Minute Money services of $9.95. See associate for details.

Examples are assumed based on exact on-time payments. Finance charges will differ from examples if payments are made before the scheduled due date or after the scheduled due date.

BEFORE YOU SIGN A CONTRACT TO MAKE A LOAN, BE CERTAIN YOU HAVE READ THE LOAN DOCUMENTS SO YOU UNDERSTAND YOUR OBLIGATIONS AND RIGHTS UNDER THE MISSISSIPPI CREDIT AVAILABILITY ACT (“MCAA”)

The following is a list of fees and terms allowable for services that may be offered under the MCAA:

1. Handling Fee:

a. Loans up to or totaling not more than $500.00:

i. A term of 4 to 6 months to repay

ii. Substantially equal payments each month

iii. Up to 25% FEE PER MONTH (amortized for the term of the loan)

b. Loans totaling $501.00, up to $2500.00:

i. A term of 6 to 12 months to repay

ii. Substantially equal payments each month

iii. Up to 25% FEE PER MONTH (amortized for the term of the loan)

2. Late Fee: If you are 10 business days LATE in making any scheduled payment you may incur LATE FEES of up to 10% of the amount you owe for that monthly payment. These late fees may be collected after your final scheduled payment.

YOU MAY PAY-OFF YOUR LOAN AT ANY TIME — WITHOUT ANY PENALTY.
IF YOU PAY-OFF EARLY YOU MAY INCUR LESS FEES.
YOU HAVE ONE (1) DAY TO REVIEW YOUR LOAN AND RETURN THE LOAN PROCEEDS IF YOU DECIDE TO CANCEL YOUR LOAN.

You may still be charged the Origination Fee even if you cancel. 

This business is licensed and regulated by the Mississippi Department of Banking and Consumer Finance.

If you have any unresolved problem with a transaction at this location, you are entitled to assistance. Please CONTACT:

Mississippi Department of Banking and Consumer Finance
P.O. Box 12129, Jackson, MS 39236-2129
Phone 1-800-844-2499  For additional information visit: www.dbcf.ms.gov
Disclosures

* Certain limitations apply. All loans subject to approval pursuant to Minute Loan Center underwriting criteria. Minute Loan Center does not perform traditional credit checks as part of its credit transaction approval process, but does verify applicant information via national databases including, but not limited to, Clarity Services Inc. Due to state and verification requirements, not all applicants for on-line request may be eligible for on-line approval by Minute Loan Center. Some customers applying for Minute Loan Center loans may be required to submit additional documentation due to state law and qualification criteria. See your local store for more details and additional disclosures or visit the Products page for more details.
** Terms and conditions apply. In-store cash pickup not available in all states. Checks or alternative funding options are available and may be issued instead of cash. Loan funding requires verification of application information. Depending on ability to verify this information, loan funding may be extended up to two business days. Terms and actual APR may vary based on various factors such as state, loan term, loan product type, additional fees and/or other underwriting considerations including credit qualification on certain products.