Personal loans in Union, MS

When you compare personal loans in Union, Mississippi, the figure to hold side by side is the APR, not the advertised rate. At about 2,004 residents, Union is bigger than roughly 67% of the places in Mississippi. Union shed about 2.0% of its population between the 2020 base and the 2023 estimate. State law, rather than federal rules alone, supplies Mississippi's rate caps and licensing requirements. Pull your credit reports, line up at least three offers, and model the payment before you apply. The closest larger place is Philadelphia, MS about 14 miles away.

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

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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.

Borrowing in Union: the local picture

What follows is Union's place in the Census record, alongside the Mississippi rules that govern a personal loan made here.

Population: 2,004 — Union ranks 98th of 299 communities in Mississippi (US Census Bureau, Vintage 2023).
Population trend: A drop of about 2.0% from 2020 to 2023.
Size percentile: about 67% of Mississippi communities are smaller.
Location: latitude 32.5711, longitude -89.1152 (Census Gazetteer).
Nearest larger cities: Philadelphia (14 mi); Newton (17 mi); Forest (26 mi); Carthage (27 mi); Meridian (28 mi). For most borrowers the comparison happens online, not at a branch.
Nearest smaller towns: Decatur (9 mi); Sebastopol (13 mi); Hickory (18 mi) — useful context for the surrounding area.

What Mississippi law requires in Union

These are Mississippi's sourced lending facts as they apply in Union; the state has no separate city-level rate rule.

Rule	Detail	Source
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
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

What a Union personal loan looks like

A longer term lowers the monthly payment on a Union loan but raises the total interest, so the smallest payment is not always the cheapest loan. The familiar mistake is to move a card balance into a personal loan and then run the cards back up, which doubles the debt instead of clearing it. Whatever the offer, the loan should fit a budget you can already meet.

A pre-application checklist for Union

Before you hand your details to a lender in Union:

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.

Compare personal loan offers Run the numbers first

Common questions

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

What loan size can I expect in Union?

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 Union?

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 Union 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

Decatur, MS — population 1,920
Philadelphia, MS — population 6,921
Sebastopol, MS — population 259
Newton, MS — population 3,108
Hickory, MS — population 406
Chunky, MS — population 269
Lake, MS — population 468
Walnut Grove, MS — population 506