Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Payday loans in Oxford, Mississippi
Mississippi payday loan rules that apply in Oxford
- Max loan amount
- $500
- Min loan term
- N/A
- Max loan term
- 30 days
- Finance charge cap
- $20 per $100 advanced
- Max absolute fee
- $100
- Typical APR
- ~521%
- Rollovers (extensions)
- Prohibited
- Simultaneous loans
- N/A
- Right to rescind
- Next business day
- Governing law
- Mississippi Check Cashers Act
- Regulator
- MS Dept of Banking
Oxford at a glance
| Metric | Oxford | Mississippi | United States |
|---|---|---|---|
| Population | 50,383 | 3.0M | 332.3M |
| Median household income | $64,423 | $57,184 | $85,275 |
| Median rent | $1,100/mo | $950/mo | $1,432/mo |
| Income spent on rent | 36.9% | 33.3% | 31.6% |
| Homeownership | 60.3% | 69.8% | 65.4% |
| Poverty rate | 20.0% | 19.2% | 12.6% |
| Unemployment rate | 1.7% | 6.1% | 5.3% |
| Without health insurance | 9.9% | 11.6% | 8.6% |
| Veterans | 4.4% | 6.9% | 6.5% |
Source: U.S. Census Bureau, American Community Survey, by ZIP code. City and state figures are population-weighted averages of ZIP code data and are approximate.
Payday loan cost calculator for Oxford
Move the sliders to see what a payday loan would cost under Mississippi rules and how it compares with local incomes.
Mississippi maximum: $500
Mississippi maximum: $20
Rollovers are not allowed in Mississippi.
- Fee
- $100
- Total to repay
- $600
- APR
- 521%
- Share of a two-week household paycheck in Oxford
- 4.0%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Oxford
- Fee on a $500 loan
- $100
- Share of a two-week household paycheck
- 4.0%
- Hours of work at the local median wage
- 7.0 hours
- Rollovers
- Not allowed in Mississippi
Example based on the Mississippi maximum fee for the maximum loan and local median incomes: two-week paycheck = household income ÷ 26, hourly wage = individual income ÷ 2,080. Actual terms vary by lender.
Oxford in context
- Population rank in Mississippi
- 9th
- of 9 Mississippi cities with 50,000+ residents
- Median household income rank
- 4th
- of 9 Mississippi cities with 50,000+ residents
- Households earning under $25,000
- 21.5%
- ▼ 2.3 pts vs MS
- Median home value
- $274,644
- ▲ 69% vs MS
- Home value to income
- 4.3×
- A $400 emergency expense
- 2.3 days
- of median household income
Payday loan stores in Oxford, MS
Licensed storefront lenders in Oxford with addresses, phone numbers and hours. We do not rank or recommend any lender; confirm each company's license with the MS Dept of Banking before you borrow.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 301 Heritage Dr Oxford, MS 38655 | (662) 236-1988 | — | 4.8 |
| 2008 University Ave., Suite D Oxford, MS 38655 | (662) 234-0315 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat–Sun closed |
— |
| 117 Heritage Dr Oxford, MS 38655 | (662) 281-8110 | — | 5.0 |
| 2550 Jackson Ave W UNIT 7 Oxford, MS 38655 | (662) 234-0121 | — | 4.1 |
| 1420 Jackson Ave W Oxford, MS 38655 | (662) 245-5248 | — | 5.0 |
Fast & secure payday loans in Oxford, Mississippi
Unexpected expenses can happen anytime. If you need urgent cash in Oxford, our service connects you with trusted, state-licensed lenders.
Apply online from the comfort of your home, get a fast decision and, if approved, receive funds in your bank account as soon as the next business day.
Why Oxford residents use us
- Fast 5-minute request A simple online application, with no waiting in line at a storefront.
- Bad credit considered Lenders focus on your steady income, not just your credit history.
- Borrow up to $500 Loan terms must comply with the Mississippi Check Cashers Act.
- Safe & confidential Your personal and financial details are sent over an encrypted connection.
Notice for Oxford residents: Payday loans are designed for short-term emergency needs and should not be used as a long-term debt solution. Interest rates, fees and maximum loan amounts are governed by Mississippi law (Mississippi Check Cashers Act). Always review the contract terms carefully before signing.
Oxford payday loan FAQ
How much cash can I borrow in Oxford?
Loan amounts in Oxford are typically from $100 up to $500, in line with Mississippi lending law. Your exact approved amount depends on your verifiable income, existing debt and the lender’s evaluation.
Do I need to visit a storefront in Oxford to apply?
No. The whole process is handled securely online, so you don’t need to wait in line at a local check-cashing store or branch. If approved, your funds are deposited directly into your bank account by ACH transfer.
Can I qualify for a payday loan in Oxford with poor credit?
Possibly. A traditional FICO score is not the only factor. Lenders in our network mainly look at whether you have a steady, recurring income and an active checking account to handle repayment. Approval is not guaranteed.
How quickly will I receive my funds in Oxford?
Many applicants get a decision within minutes. Once you review and e-sign your agreement, lenders typically release the cash the same day or the next business day, depending on your bank’s transfer cutoff times.
What are the minimum requirements for Oxford residents?
To qualify, you must:
- Be at least 21 years old.
- Live in Oxford or the surrounding Mississippi area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).