Slate Springs at a glance
- Population: the Census estimates 98 residents, ranking 294th of 299 places in Mississippi (Vintage 2023).
- 2020 Census base: the 2020 Census recorded 102 residents here (US Census Bureau).
- 2020 to 2023 change: down roughly 3.9% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Mississippi places: 294th largest of 299 (US Census Bureau).
- Size percentile: it is larger than about 2% of the places in Mississippi (US Census Bureau).
- Coordinates: 33.7417, -89.3752 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Big Creek, MS (8 mi); Calhoun City, MS (9 mi); Derma, MS (10 mi); Walthall, MS (11 mi); Pittsboro, MS (14 mi) (Census populations, approximate straight-line distance).
- Nearest smaller places: Gattman, MS (66 mi); Doddsville, MS (66 mi); Ethelsville, AL (70 mi) (US Census Bureau estimates).
What a personal loan costs in Slate Springs
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 Slate Springs
The Mississippi rate caps and licensing rules that reach Slate Springs are listed below, each with its source and retrieval date.
| 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 Slate Springs
Here is a short checklist for comparing personal loans in Slate Springs:
- 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.