Personal loans in Lake, MS

Personal loans in Lake are mostly unsecured, so the APR reflects how a lender reads your credit — not the city's 468 population. For the 468 people in Lake, Mississippi runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. For a community of about 468, the practical step is to compare APR across at least three lenders before committing. The nearest larger city is Forest, MS about 10 miles away.

The Lake data picture

The figures below are Lake's own — Census population, land area and coordinates — followed by the Mississippi rules.

• Population: 468 people, a figure that places Lake 205th among the 299 Census places in Mississippi (US Census Bureau, Vintage 2023).
• Population trend: About 1.7% below the 2020 Census base.
• Net change: roughly 8 fewer people than the 2020 Census counted.
• Size percentile: with 468 residents, Lake is larger than about 31% of Mississippi's Census places.
• Density: roughly 93 residents per square mile, spread over 5.1 sq mi of land.
• Land area rank: Lake's 5.1 square miles rank 108th of 299 places in Mississippi.
• State population share: Lake accounts for about 0.0% of everyone in Mississippi.
• National rank: Lake sits 13,439th by population among the 19,457 places in this dataset.
• Growth rank: Lake's 2020-to-2023 change ranks 102nd of 299 places in Mississippi.
• Against the state trend: Lake's 1.7% change compares with a Mississippi average of -2.3% across its 299 places.
• Density rank: Lake places 287th among Mississippi's places by people per square mile.
• Density vs Mississippi: Lake's 93 people per square mile compare with a state median of 434.
• Location: 32.3300 / -89.3144, per the US Census Bureau Gazetteer.
• Nearest larger cities: Forest (10 mi); Newton (10 mi); Decatur (14 mi); Walnut Grove (20 mi); Morton (20 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Smaller towns nearby: Montrose (15 mi); Sebastopol (16 mi); Hickory (17 mi).
• Smaller places within 50 miles: 15 of them.
• Within 100 miles: 104 places are larger than Lake.

How lenders reach Lake

At roughly 93 people per square mile, Lake is sparsely settled; 35 larger places lie within 50 miles. Whether Lake has a local branch or not, a Mississippi-licensed lender can serve its 468 people online on the same terms. For a larger market, the closest option is Forest, MS about 10 miles away.

A practical checklist for Lake borrowers

A sensible order of operations for a loan in Lake, home to about 468 people:

1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
4. Verify the lender's Mississippi licence with the regulator listed on this page.
5. Make sure the new payment leaves room in a budget you already keep.
6. Weigh a shorter term's higher payment against the interest it saves.
7. Keep the amount to the expense; an approval is not a reason to take more.

The process is identical across Mississippi; what changes is your credit file, not the fact that Lake holds 468 people.

Mississippi consumer-lending rules applied in Lake

Below are the Mississippi rules that apply to a loan made in Lake, each with the regulator that issued it.

The geography behind Lake

The Census Gazetteer records about 5.1 square miles of land within Lake, with no significant water area listed. With 468 residents, the land area yields roughly 93 people per square mile. Jackson, the largest place in Mississippi, is about 52 miles from Lake. Counting outward 50 miles, 35 larger communities surround Lake. By land area it ranks 108th of 299 Mississippi places.

How personal loans work in Lake

Most loans made to Lake's 468 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Federal Truth in Lending rules require a Lake lender to disclose the APR and finance charge before you sign. The term you choose in Lake decides the split between a comfortable payment and the total interest you pay.