Marion at a glance
- Population: 1,690 (US Census Bureau, Vintage 2023 subcounty estimate), the 112th-largest of 299 places in Mississippi.
- 2020 Census base: 1,745 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population fell about 3.2% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Mississippi places: 112th in population of 299 places (US Census Bureau).
- Size percentile: about 63% of places in Mississippi are smaller (US Census Bureau).
- Coordinates: mapped at 32.4302, -88.6518 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Meridian, MS (4 mi); York, AL (22 mi); Decatur, MS (27 mi); Quitman, MS (27 mi); Union, MS (29 mi) (US Census Bureau).
- Nearest smaller towns: Cuba, AL (16 mi); Chunky, MS (18 mi); Enterprise, MS (20 mi) (US Census Bureau).
What a personal loan costs in Marion
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Mississippi lending rules that apply in Marion
The table carries the Mississippi rate and licensing rules that apply to consumer loans made in Marion.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 Marion
The order below is a sensible way to approach a loan in Marion:
- 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.