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Personal loans in Drew, MS

A personal loan in Drew is a fixed-term installment product, and the price a lender offers you is driven by your credit profile, income and existing debts. Drew has a Census-estimated population of 1,704, ranking 111th among the 299 Census places in Mississippi. Every lender serving Mississippi must observe the state's rate caps and licensing rules, shown with their sources below.

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

Compare rates Run the numbers first

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Drew at a glance

  • Population: about 1,704, 111th by size in Mississippi of 299 places (Census Vintage 2023 subcounty estimate).
  • 2020 Census base: 1,845 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: down about 7.6% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Mississippi places: 111th-largest of 299 (US Census Bureau, Vintage 2023 estimate).
  • Size percentile: it exceeds roughly 63% of Mississippi's Census places by population (US Census Bureau).
  • Coordinates: 33.8101 / -90.5304, per the US Census Bureau Gazetteer.
  • Nearest larger cities: Ruleville, MS (6 mi); Cleveland, MS (12 mi); Tutwiler, MS (15 mi); Shelby, MS (17 mi); Moorhead, MS (25 mi); US Census Bureau population estimates.
  • Smaller places close by: Doddsville, MS (10 mi); Renova, MS (11 mi); Merigold, MS (11 mi) (US Census Bureau).

What a personal loan costs in Drew

Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.

Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.

Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.

Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.

Mississippi lending rules that apply in Drew

Read the table as the compliance picture for a lender serving Drew: label, sourced figure, publisher and date.

RuleDetailSource
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 statusLegal 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 licensingSmall 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 regulatorMississippi 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

How to compare offers in Drew

These steps are the ones that most affect the offer you receive in Drew:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Mississippi using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Drew?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Drew are the same as elsewhere in Mississippi.
How much can I borrow with a personal loan in Drew?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Drew require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Drew hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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