Home›State rule guide›Mississippi Payday Loans: $500 Face Limit, Two Fee Tiers & 28–30 Day Rule

State rule guide

Mississippi Payday Loans: $500 Face Limit, Two Fee Tiers & 28–30 Day Rule

Check Mississippi delayed-deposit rules: $500 face amount including fees, two fee tiers, special term rules above $250 and no renewal/extension.

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✓Availability✓Limits✓Licensing

Check the actual providerConfirm who makes the credit decision.

Normalize the costCompare fees, APR, total due and dates.

Stress-test repaymentProtect essential cash after the payment.

Complete guide

Answers, tradeoffs and next steps

Use the sections below to evaluate fit, not to predict approval.

Current state rule table

State field	Current rule
Maximum face amount	$500 including fee; aggregate customer limit $500
Up to $250 face amount	Delay deposit up to 30 days; fee up to $20 per $100 advanced
$250–$500 face amount	Written agreement for 28–30 days; fee up to $21.95 per $100 advanced
Renewal	No renewal or extension by same licensee
Late/collection fees	No late or collection fee solely from default; separate returned-check processing rule may apply

Product scenario

For an amount above $250, the maximum fee is calculated at $21.95 per $100 advanced, while the total face amount including the fee still cannot exceed $500; the tool solves backward for usable cash when necessary.

Interactive decision tool

State range checker

Test the requested amount against the rule summarized on this page.

1Enter→2Compare→3Verify

Amount requested$Rule maximum shown here$

Illustrative resultEnter your numbers

Provider terms and current state requirements control any offer.

Decision infographic

From state rule to final provider check

A statutory ceiling is not an approval amount.

StartState ruleProduct status and maximum.

ThenOpen loansDatabase or provider verification.

ResultEligible rangeProvider confirms the amount.

What controls the decision

State ruleApply

Open loansVerify

ProviderConfirm

3/3

Ready to compare

Inputs, provider disclosure and repayment fit must agree.

Three gates before you continue

1Lawful routeProduct allowed in the state?
2Amount checkWithin the state framework?
3Database checkOutstanding obligations verified?

Continue the guide

Apply the result to this decision

Use the remaining checks before moving to a provider form.

If the state/product check fails

Do not suggest an unlicensed online lender or an out-of-state workaround.
Route to bank / credit union / PAL / lawful installment alternatives where available.
If the issue is an existing unpaid loan, show repayment-plan / hardship rights before new credit.
If the payment would erase the user's safety buffer, lower the amount or return a no-borrow outcome.

Product objections / FAQ

Does the state maximum mean I should borrow that amount? No. The legal ceiling is not an affordability recommendation. Are online lenders exempt from state rules? Payday Hex does not treat an online channel as an exemption. The lender must be legally permitted to serve the user under the applicable framework. How fresh are these rules? Sources below were checked on 6 Sep 2026. Volatile lender availability and any state changes must be refreshed immediately before publication.

Quick comparison

What the product page must answer

Decision	Look for	Stop if
Availability	State eligibility and provider identity	The creditor or license path is unclear
Cost	Amount received, required fees, APR and total repayment	Only the payment size is shown
Timing	Decision, release and bank-posting stages	“Instant” is presented as guaranteed
Repayment	Exact dates, method and late-payment consequences	The payment reopens the same cash gap

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