Coldwater at a glance
- Population: about 1,339, 135th by size in Mississippi of 299 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 1,383 (US Census Bureau).
- 2020 to 2023 change: about 3.2% lower than the 2020 Census base (US Census Bureau).
- Rank among Mississippi places: 135th in population of 299 places (US Census Bureau).
- Size percentile: roughly 55% of Mississippi's places have fewer residents (US Census Bureau).
- Coordinates: it sits at 34.6904, -89.9755 in the US Census Bureau Gazetteer.
- Nearest larger cities: Senatobia, MS (6 mi); Hernando, MS (11 mi); Sardis, MS (18 mi); Southaven, MS (18 mi); Horn Lake, MS (19 mi); US Census Bureau population estimates.
- Smaller towns nearby: Como, MS (12 mi); Crenshaw, MS (18 mi); Sledge, MS (23 mi) (US Census Bureau).
What a personal loan costs in Coldwater
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Mississippi lending rules that apply in Coldwater
The table lists the Mississippi rules that apply to a loan made in Coldwater, each with the regulator that published it.
| 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 |
How to compare offers in Coldwater
Run through this list before signing anything in Coldwater:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Mississippi using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.