Personal loans in Shuqualak, MS

What is genuinely local about borrowing in Shuqualak, Mississippi is limited; the statewide rules are what actually govern a loan. About 383 people live in Shuqualak, placing it 225th of 299 Census places in Mississippi. From the 2020 Census base to the 2023 estimate, the population declined by about 5.0%. Every figure below is Mississippi's own, carrying the publisher and the retrieval date. Begin with the payment, then weigh APR and total interest across lenders. The closest larger city is Macon, MS about 10 miles away.

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

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Borrowing in Shuqualak: the local picture

Here is the sourced Census picture for Shuqualak, plus the Mississippi lending rules that apply to a loan taken out here.

Population: 383 residents; Shuqualak is the 225th-largest of 299 places in Mississippi (US Census Bureau, Vintage 2023).
Population trend: A loss of roughly 5.0% between 2020 and 2023.
Size percentile: it sits ahead of around 25% of Mississippi places.
Location: latitude 32.9793, longitude -88.5693 (Census Gazetteer).
Nearest larger cities: Macon (10 mi); Scooba (12 mi); De Kalb (15 mi); Brooksville (18 mi); Crawford (23 mi). Online lenders reach Shuqualak no matter how far the nearest branch is.
Nearest smaller towns: Geiger (16 mi); Memphis (19 mi); Emelle (23 mi) — useful context for the surrounding area.

What Mississippi law requires in Shuqualak

Each figure in the table below carries a publisher and a date; where the state publishes nothing, we point to the source rather than estimate.

Rule	Detail	Source
Payday lending status	Legal 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 licensing	Small 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
State lending regulator	Mississippi 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
Delayed-deposit (payday) fee caps	$20 per $100 advanced on checks ≤$250; $21.95 per $100 on checks over $250 (DBCF rule) Source says: "Delayed deposit transaction: $20.00 per $100.00 advanced for checks $250.00 and under"	Mississippi Secretary of State (DBCF administrative regulations) as of 2026-09-16
Maximum legal interest rate (usury cap)	See the latest published figure value_text left null: the maximum finance charge for licensed small-loan lenders is set by Miss. Code § 75-17-21, which § 75-67-119 references as the limit; no retrievable official page published the current figure for direct verification.	Mississippi Department of Banking and Consumer Finance as of 2026-09-16

What a Shuqualak personal loan looks like

Two numbers drive a Shuqualak personal loan: the APR, which includes fees, and the term, which decides how long you keep paying. The quoted APR tracks your credit score: an excellent file may earn a single-digit rate, while damaged credit can push the rate into the high twenties or thirties. If the numbers do not work at a comfortable payment, the right answer may be not to borrow at all.

A pre-application checklist for Shuqualak

Work through this short checklist before committing to a personal loan in Shuqualak:

Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
Price the payment first with our personal loan calculator before any lender quotes you.
Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
Confirm the lender holds a Mississippi licence by checking the regulator named above.
Do not borrow more than the expense calls for, even if a lender approves a larger amount.

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Common questions

What are my options in Shuqualak 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 Shuqualak is the same as anywhere in Mississippi.

What loan size can I expect in Shuqualak?

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 Shuqualak?

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 Shuqualak 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.

Nearby places

Macon, MS — population 2,455
Scooba, MS — population 726
De Kalb, MS — population 837
Brooksville, MS — population 885
Geiger, AL — population 154
Memphis, AL — population 25
Crawford, MS — population 412
Emelle, AL — population 24