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Mississippi Online Payday Loans Rates & Terms

Speedy Cash provides payday loans online in Mississippi. Our cash advance loans are meant to cover your short-term financial needs. So when you're in between pay days, and need cash fast, a Speedy Cash loan could be a solution for you. A payday loan is meant to provide a cash advance on your next paycheck. When your next pay day comes, you then pay back the amount of money that you borrowed plus the finance fees.

Mississippi Speedy Cash loan agreements are governed by the State of Mississippi.

Mississippi Payday Loan Questions

As a state-licensed, direct payday loan lender Speedy Cash abides by the State's payday lending laws. To learn about Speedy Cash loan rates and terms in Mississippi, read the questions and answers below!

How much money can I borrow?

Mississippi residents may receive up to $400 with online payday loans from Speedy Cash. The maximum number of cash advances allowed open at any one time is 2, and each payday loan is limited to a maximum of $200. Online cash loans must be approved and signed on separate business days.

How much will my loan cost?

Mississippi payday loan fees are $20 per $100. The APR for a 14-day loan is 521.43%; the APR for a 30-day loan is 243.33%.

Example of a Mississippi Payday Loan & Fees

ADVANCE AMOUNT
(Amount Financed)
FINANCE CHARGE
(Cost of Loan)
CHECK AMOUNT
(Total of Payments)
EXAMPLE APR **
LOAN TERM
(14 days)
LOAN TERM
(30 days)
$100.00 $20.00 $120.00 521.43% 243.33%
$200.00 $40.00 $240.00 521.43% 243.33%

** Annual Percentage Rate: The APR is the cost of your loan expressed as a yearly rate. The above APRs are based on example loan terms of one payment ("Check Amount") due in 14 or 30 days. The APR will increase if the actual loan term is shorter than these examples, and will decrease if your loan term is longer.


When will my loan be due?

A payday loan is typically due to be paid back on your next pay day.

Can I get an extension on my loan?

In accordance with Mississippi law, your loan must be paid in full by your scheduled due date. However, in Mississippi you can take out two payday loans at a time (each loan is limited to $200). So if you need more cash, you can take out another payday loan. If that solution doesn't work for you, then you may re-loan once your previous loan is paid in full.

Mississippi Department of Banking and Consumer Finance Disclosure

The following is a list of maximum fees allowable for services that may be offered at this check cashing business:

  1. Government Checks: 3% of the face amount of the check or five dollars ($5.00), whichever is greater.
  2. Personal Checks: 10% of the face amount of the check or five dollars ($5.00), whichever is greater
  3. All other checks or money orders: 5% of the face amount of the check or five dollars ($5.00), whichever is greater.
  4. Delayed deposit transaction:
    • $20.00 per $100.00 advanced for checks $250.00 and under
    • $21.95 per $100.00 advanced for checks over $250.00
Amount Advanced Fee Face Amount of Check
$100.00 $20.00 $120.00
$200.00 $40.00 $240.00
$300.00 $65.85 $365.85
$400.00 $87.80 $487.80

Mississippi law prohibits this check cashing business from accepting a fee to renew or extend any delayed deposit transaction. Therefore, a delayed deposit check must be deposited or the check face value paid in full prior to entering into another delayed deposit transaction.

This check cashing 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 call or write:

Mississippi Department of Banking and Consumer Finance
P.O. Drawer 23729
Jackson, MS 39225-3729
Phone 1-800-844-2499