How Does a Mississippi Installment Loan Work?
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An Advance Financial Online Installment Loan is the great option to get cash quickly. You can pay back over time in fixed amounts spread across several months. In Mississippi, we offer Installment Loans from $25 up to $2,500. And if you have bad credit, that's okay.
No matter where you live in Mississippi, from Corinth to Biloxi and everywhere in between, you can get the cash you need quickly. You can also pay off your loan at any time with no prepayment penalty. Apply now to get cash into your account today*.
*Bank participation required
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Installment Loan FAQs - Mississippi
What is an online installment loan?
It is a type of loan where you borrow a set amount of money. You then repay the loan over a fixed number of payments, called installments.
What do I need to get an installment loan in Mississippi?
- Photo ID
- Proof of income
What is the minimum age to get a loan in Mississippi?
You must be 21 or older in order to get a loan in Mississippi.
How does an installment loan compare to a payday loan?
Installment loans can get you a few thousand dollars with same-day funding whereas payday loans can get you only a few hundred dollars. Installment loans are repaid over a period of time in equal parts whereas payday loans are repaid quickly, usually in two weeks, in a lump-sum. Installment loans can either be repaid in equal installments or paid off early. Payday loans must be repaid by your next payday loan. There is no flexibility of payments in payday loans.
How does an installment loan compare to a title loan?
Installments loans are unsecured loans that do not need you to risk your auto title to get instant cash. To get a title loan you must give your auto title as collateral. Installment loans are paid back in equal parts over the loan period. Installment loans are aligned with your paydays, so you may not miss any payments. However, if you miss a payment with a title loan, you may be charged a fee and possibly even lose your vehicle.
Installment Loan Rates and Terms in Mississippi
Advance Financial loan agreements are governed by the applicable laws of the State of Mississippi.
Maximum Loan Amount
Advance Financial's maximum online installment loan in Mississippi is $2,500.
Your payment schedule is based on your actual loan terms. Your payments will vary depending on due dates, amount financed and dates you receive income, which is typically on a bi-weekly, semi-monthly or monthly basis. If you have an Advance Financial Installment Loan in Mississippi and need help understanding your payment schedule, call 800-449-8421 or email anytime
How much can I receive on an installment loan in Mississippi?
Advance Financial can approve loans ranging from $25 up to $2,500, subject to underwriting
How much does it cost?
Mississippi Interest Rates and Interest Charges
The chart below is an example of a $500 Installment Loan. Rates and terms may vary based on loan amount. Please see your loan agreement for the annual percentage rate (APR) and other applicable loan terms. If you have any questions or would like more information, Advance Financial is here to help 24/7.
In this example, the customer pays once a month and would make 4 payments of $183.68 and one (1) final payment of $183.70:
| MONTHLY INSTALLMENT LOAN EXAMPLES - MISSISSIPPI | |||
| APR* 362.04% |
Finance Charge $ 418.42 |
Amount Financed $ 500.00 |
Total of payments** 4 payments of $ 183.68, and final payment of $ 183.70 |
Important: The terms of your actual installment loan might be different than the examples above based on a number of factors, including the amount of money you borrow, the length of the loan term and your APR. These factors will affect the terms and the actual costs of your credit.
| MONTHLY INSTALLMENT LOAN EXAMPLES - MISSISSIPPI | |||
| APR* 358.99% |
Finance Charge $ 364.29 |
Amount Financed $ 500.00 |
Total of payments** 8 payments of $ 96.02, and final payment of $ 96.13 |
*Annual Percentage Rate: The APR is the cost of your loan expressed as a yearly rate.
**Assumes all payments are made as scheduled.
Advance Financial loan agreements are governed by applicable federal laws and state laws of Mississippi.
Disclaimers
Online installment loans from $25 to $2,500, subject to underwriting and approval. Advance Financial is licensed by the Mississippi Department of Banking and Finance.
Credit Availability Sign
BEFORE YOU SIGN A CONTRACT TO MAKE A LOAN, BE CERTAIN YOU HAVE READ THE LOAN DOCUMENTS SO YOU UNDERSTAND YOUR OBLIGATIONS AND RIGHTS UNDER THE MISSISSIPPI CREDIT AVAILABILITY ACT ("MCAA")
The following is a list of fees and terms allowable for services that may be offered under the MCAA:
- Handling Fee:
- Loans up to or totaling not more than $500.00:
- A term of 4 to 6 months to repay
- Substantially equal payments each month
- Up to 25% FEE PER MONTH (amortized for the term of the loan)
- Loans totaling $501.00, up to $2500.00:
- A term of
6 to 12 months to repay - Substantially equal payments each month
- Up to 25% FEE PER MONTH (amortized for the term of the loan)
- A term of
- Loans up to or totaling not more than $500.00:
- Origination Fee: You may be charged an Origination Fee (to make your loan) of up to 1% of the amount disbursed or $5.00 (whichever is greater).
- Late Fee: If you are 10 business days LATE in making any scheduled payment you may incur LATE FEES of up to 10% of the amount you owe for that monthly payment. These late fees may be collected after your final scheduled payment.
YOU MAY PAY-OFF YOUR LOAN AT ANY TIME — WITHOUT ANY PENALTY.
IF YOU PAY-OFF EARLY YOU MAY INCUR LESS FEES.
YOU HAVE ONE (1) DAY TO REVIEW YOUR LOAN AND RETURN THE LOAN PROCEEDS IF YOU DECIDE TO CANCEL YOUR LOAN. You may still be charged the Origination Fee even if you cancel.
This business is licensed and regulated by the Mississippi Department of Banking and Consumer Finance.
If you have any unresolved problem with a transaction at this location, you are entitled to assistance. Please CONTACT:
Mississippi Department of Banking and Consumer Finance
P.O. Box 12129, Jackson, MS 39236-2129
Phone 1-800-844-2499 For additional information visit: www.dbcf.ms.gov
Alabama
CC Flow offers an online Line of Credit Loan up to $4,000 in Alabama for life's unexpected expenses.
Alabama is home to the largest space museum in the world in Huntsville: the U.S. Space & Rocket Center.
Arizona
If you live in Arizona and need cash fast, check out the CC Flow online Line of Credit Loan. You could borrow up to $4,000 in Arizona.
Arizona is known as both the Grand Canyon State and the Copper State. The capital city, Phoenix, is the hottest city in the US.
Delaware
If you live in Delaware and need some fast cash, Advance Financial offers an online Line of Credit Loan from $100 up to $4,000.
Did you know that Delaware was the first state in the United States.
Florida
If you live in the Florida and need cash fast, check out the CC Flow online Line of Credit Loan. You could borrow up to $4,000 in Florida.
Did you know that Florida has the longest coastline in the contiguous United States and is the only state to border both the Atlantic Ocean and the Gulf of Mexico?
Hawaii
If you live in Hawaii and need cash fast, check out the CC Flow online Line of Credit Loan. You could borrow up to $4,000 in Hawaii.
The world-famous Dole Plantation on the Hawaiian Island of Oahu is home to the largest maze in the world.
Idaho
Do you live in the Gem State? Advance Financial offers an online Line of Credit Loan in Idaho from $100 up to $4,000.
Do you know Idaho is nicknamed the "Gem State" because of its natural beauty?
Indiana
If you live in Indiana and need cash fast, CC Flow is here to help. CC Flow offers an online Line of Credit Loan up to $4,000 to help with life's financial challenges.
Did you know that on Sept. 5, 1885, the first gas pump was born in Fort Wayne, Indiana? The Indianapolis 500, also known as "The Greatest Spectacle in Racing," takes place in the state's capital.
Kansas
If you live in Kansas and need cash fast, we're here to help. We offer an unsecured Line of Credit Loan up to $4,000 to help with life's financial challenges.
Fun fact: Did you know that Kansas is known as the Breadbasket of America because it's the nation's leading wheat producer?
Kentucky
If you're in need of cash and live in Kentucky, look no further than CC Flow. CC Flow offers an online Line of Credit Loan in Kentucky up to $4,000.
Did you know that Kentucky is known as the horse capital of the world and is home to the Kentucky Derby?
Louisiana
It can be hard to get a loan from a bank. CC Flow is here to help. A CC Flow online Line of Credit Loan in Louisiana could get you up to $4,000 fast. Apply now and get the cash you need.
Do you know who's from Louisiana? Famous Americans from Louisiana include Jerry Lee Lewis, Ellen DeGeneres, Louis Armstrong, Reese Witherspoon, Peyton Manning, and Tyler Perry.
Michigan
If you live in Michigan and need cash fast, CC Flow is here to help. CC Flow offers an online Line of Credit Loan up to $4,000 to help with life's financial challenges.
Fun fact: Did you know that Michigan is the only state that touches four of the five Great Lakes.
Minnesota
You're living in the land of 10,000 lakes and could use a little extra cash. CC Flow is here to help. With an online line of credit loan up to $4,000 in Minnesota, you can get the cash you need fast. Apply now and see how much money you could borrow.
Fun Fact: Minnesota is home to many inventions that you probably use. This includes scotch tape, pop-up toasters, water skis, in-the-ear hearing aids, and grocery bags with handles.
Mississippi
Need cash fast? CC Flow offers an online Line of Credit Loan up to $4,000 in Mississippi.
Fun Fact: There are several famous people who were born in Mississippi, including Elvis Presley, Oprah Winfrey, B.B. King, and Jimmy Buffett.
Missouri
If you live in the "Show Me State" and need cash fast, check out the Advance Financial Line of Credit Loan. You could borrow anywhere from $500 up to $4,000 in Missouri.
Supposedly the ‘Show Me State' expression began when Congressman Willard Duncan Vandiver stated, "I'm from Missouri and you've got to show me."
Montana
CC Flow offers an online Line of Credit Loan from $25 up to $4,000 in the great State of Montana. It's easy to apply online.
Here's some interesting information. The largest snowflake ever observed was nearly 15 inches wide and was recorded in Montana on January 28, 1887. Also, remember daredevil Evil Knievel (Robert Craig Knievel Jr.)? He is from Butte, Montana.
CC FLOW NO LONGER OFFERS AN ONLINE LINE OF CREDIT IN NEBRASKA
Nebraska
Need cash fast? Check out the CC Flow online Line of Credit Loan in Nebraska. Online loans in Nebraska range from $25 up to $4,000.
Wow! Nebraska is the birthplace of Kool-Aid, invented by Edwin Perkins in 1927 in Hastings, Nebraska. Nebraska also is nowhere near an ocean, yet there is a lighthouse that stands along the road in Ashland, Nebraska.
WE NO LONGER OFFER AN ONLINE LINE OF CREDIT IN NORTH DAKOTA
North Dakota
If you live in Indiana and need cash fast, CC Flow is here to help. CC Flow offers an online Line of Credit Loan up to $4,000 to help with life's financial challenges.
Did you know that on Sept. 5, 1885, the first gas pump was born in Fort Wayne, Indiana? The Indianapolis 500, also known as "The Greatest Spectacle in Racing," takes place in the state's capital.
Ohio
If you're in need of fast cash and live in Ohio, you could qualify for a CC Flow online Line of Credit Loan ranging from $25 up to $4,000.
Did you know that Ohio takes its name from the Ohio River. Ohio originated from the Iroquois word ohi-yo', which means "great river."
Oklahoma
You're a hard-working Oklahoman, but sometimes you need a little help making ends meet. The CC Flow online Line of Credit Loan could be just the ticket. With this loan, you could borrow up to $4,000 in Oklahoma. Plus, our easy online application process makes it simple to get started.
Did you know that Oklahoma has produced more astronauts than any other state.
South Carolina
If you're in need of cash in South Carolina, look no further than Advance Financial. We offer an online Line of Credit Loan in South Carolina ranging from $610 up to $4,000.
Did you know that musicians James Brown and Chubby Checker and politician Jesse Jackson are all from South Carolina?
Tennessee
Advance Financial offers a Line of Credit Loan from $25 up to $4,000 in the great State of Tennessee. You can apply online or visit any one of our over 100 stores from Millington to Bristol.
Advance Financial is proud to call Tennessee home. There are tons of things to see and do in Tennessee including Graceland, the place Elvis Presley called home, Dollywood and the Great Smoky Mountains.
Texas
If you live in Texas, the land of the longhorn, and need cash fast, check out the CC Flow online Line of Credit Loan. You could borrow up to $4,000 in Texas.
Texas is famous for lots of things, i.e. BBQ, cowboy boots, crude oil, longhorn cattle and the heat. But did you know that the Johnson Space Center is located in Houston, Texas? "Houston, we have a problem" is a famous phrase that is tied to the Apollo 13 mission to the moon in 1970.
Utah
If you're in need of fast cash and live in Utah, you could qualify for an Advance Financial online Line of Credit Loan ranging from $100 up to $4,000.
Did you know Utah got its state name from the Ute Indians and means people of the mountains.
Washington
If you live in Washington and need cash fast, check out the CC Flow online Line of Credit Loan. You could borrow up to $4,000 in Washington.
Washington is famous for the Space Needle which towers over Seattle. The 605-foot-tall iconic observation tower is a landmark that was built for the 1962 World's Fair.
Wisconsin
Advance Financial offers both a Line of Credit Loan and an Installment Loan in Wisconsin. You simply apply online and we'll determine which loan you qualify for.
Did you know that Wisconsin is known as America's Dairyland because it's one of the nation's leading dairy producers, particularly known for its cheese.