New Augusta at a glance
- Population: roughly 537 people; 191st of 299 places in Mississippi (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 554 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: population fell about 3.1% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Mississippi places: 191st by size among 299 communities (US Census Bureau).
- Size percentile: it exceeds roughly 36% of Mississippi's Census places by population (US Census Bureau).
- Coordinates: 31.2034, -89.0293 (US Census Bureau Gazetteer).
- Nearest larger cities: Beaumont, MS (6 mi); Richton, MS (11 mi); Petal, MS (16 mi); Hattiesburg, MS (18 mi); Purvis, MS (23 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: McLain, MS (14 mi); State Line, MS (37 mi); Seminary, MS (37 mi) — US Census Bureau populations.
What a personal loan costs in New Augusta
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
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 New Augusta
The sourced rows below are the rules a licensed lender must follow when lending in Mississippi, and therefore in New Augusta.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in New Augusta
The steps below are worth completing first when you borrow in New Augusta:
- 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.