Personal loans in Grenada, MS

With an estimated 12,267 residents, Grenada is the 32nd-largest of 299 places in Mississippi. Personal loans in Grenada are mostly unsecured, so the APR reflects how a lender reads your credit — not the city's 12,267 population.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Begin with the payment, then weigh APR and total interest across the lenders that reach Grenada's 12,267 residents. A lender that serves Grenada operates under Mississippi lending statutes and a Mississippi supervisor. The trend for Grenada between 2020 and 2023 is downward by roughly 3.4%. The nearest larger metro is Greenwood, MS about 29 miles away.

Grenada by the numbers

Only a few things actually differ by place — population, area, location, and the Mississippi rules a lender must follow — and they are below.

Land, water and location for Grenada

Grenada's land area is about 30.0 square miles; a further 0.03 square miles is water. With 12,267 residents, the land area yields roughly 409 people per square mile. For the state's biggest city, Jackson, the distance is roughly 104 miles. Counting outward 50 miles, 2 larger communities surround Grenada. Within the same 50 miles lie 58 smaller Census places.

How Grenada compares across Mississippi

Against Mississippi's other places, Grenada accounts for about 0.8% of the state's population and ranks 32nd of 299 by size. Its 2020-to-2023 change ranks 185th of 299 Mississippi places, putting it near the 38th percentile for growth. By density, at about 409 people per square mile, it ranks 158th in Mississippi. By land area, its 30.0 square miles rank 13th of 299 places in Mississippi.

The Mississippi lending rules that reach Grenada

These are Mississippi's sourced lending facts as they reach Grenada's 12,267 residents; the state has no city-level rate rule.

RuleDetailSource
State lending regulatorMississippi 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
Payday lending statusLegal 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 licensingSmall 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

Getting a loan in Grenada

With about 409 residents per square mile, Grenada is lightly settled, and 2 larger Census places sit within 50 miles. Distance to a branch rarely matters for Grenada's 12,267 residents: the application is online and the price follows your credit file. The nearest larger city, Greenwood, MS about 29 miles away.

The Grenada borrowing checklist

These steps shape the offer you get in Grenada, a place of about 12,267 people:

  1. Start with the credit file: order the reports, fix the errors, then apply.
  2. Price the payment first with our personal loan calculator before any lender quotes you.
  3. Get several pre-qualifications and compare APR side by side before choosing.
  4. Make sure the lender appears in the Mississippi regulator's licence list.
  5. Keep the amount to the expense; an approval is not a reason to take more.
  6. Write down the purpose of the loan and your repayment plan before you apply.
  7. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.

What differs between Grenada and the rest of Mississippi is not the process but the borrower's own file, among the 12,267 people here.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Grenada if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Grenada is the same as anywhere in Mississippi.
What loan size can I expect in Grenada?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Grenada?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Grenada cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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