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Personal loans in Paden, MS

Borrowers in Paden use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. Census estimates count about 102 residents in Paden, making it the 293rd-largest of 299 places in Mississippi. The table below carries the Mississippi rate caps and licensing rules that apply to a personal loan taken out here.

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

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Paden at a glance

  • Population: 102, the 293rd-largest community in Mississippi out of 299 (US Census Bureau, Vintage 2023).
  • 2020 Census base: the 2020 Census recorded 105 residents here (US Census Bureau).
  • 2020 to 2023 change: down roughly 2.9% across the 2020-to-2023 comparison (US Census Bureau).
  • Rank among Mississippi places: 293rd of 299 by population (US Census Bureau, Vintage 2023).
  • Size percentile: it is larger than about 2% of the places in Mississippi (US Census Bureau).
  • Coordinates: 34.6603, -88.2605 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities: Tishomingo, MS (2 mi); Iuka, MS (11 mi); Belmont, MS (11 mi); Burnsville, MS (12 mi); Golden, MS (13 mi); each population is a US Census Bureau estimate.
  • Nearest smaller communities: Gattman, MS (54 mi); Natural Bridge, AL (54 mi); Silerton, TN (56 mi), each a US Census place.

What a personal loan costs in Paden

Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.

The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.

Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.

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 Paden

Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.

RuleDetailSource
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
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

How to compare offers in Paden

A few practical steps will make the process in Paden less costly:

  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 Paden?
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 Paden are the same as elsewhere in Mississippi.
How much can I borrow with a personal loan in Paden?
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 Paden 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 Paden 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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