Lyon at a glance
- Population: 270 (US Census Bureau, Vintage 2023 subcounty estimate), the 251st-largest of 299 places in Mississippi.
- 2020 Census base: 293 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population fell about 7.8% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Mississippi places: 251st of 299 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 16% of Mississippi places in population terms (US Census Bureau).
- Coordinates: 34.2169 latitude, -90.5432 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Clarksdale, MS (2 mi); Jonestown, MS (9 mi); Friars Point, MS (12 mi); Lambert, MS (15 mi); Tutwiler, MS (15 mi), each a US Census place with its estimated population.
- Smaller places nearby: Coahoma, MS (10 mi); Alligator, MS (14 mi); Lula, MS (17 mi), per US Census Bureau estimates.
What a personal loan costs in Lyon
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Mississippi lending rules that apply in Lyon
Read the table as the compliance picture for a lender serving Lyon: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Lyon
The steps below are worth completing first when you borrow in Lyon:
- 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.