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
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.
Loan Rates & Terms
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.
| BI-WEEKLY 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.
Licenses
Disclaimers
Select Your State
AlabamaDelawareIdahoKansasMississippiMissouriNorth DakotaSouth CarolinaTennesseeTexasUtahVirginiaWisconsin
Alabama
Advance Financial offers an online Line of Credit Loan from $2,000 up to $4,000 in Alabama for life’s unexpected expenses.
Alabama is known as the Heart of Dixie and is home to the largest space museum in the world in Huntsville: the U.S. Space & Rocket Center.
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.
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?
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?
Mississippi
Need cash fast? Check out the Advance Financial Installment Loan in Mississippi. Online Installment Loans in Mississippi range from $25 up to $2,500.
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 egan when Congressman Willard Duncan Vandiver stated, “I’m from Missouri and you’ve got to show me.”
North Dakota
If you live in North Dakota and need cash fast, you could qualify from $1,000 up to $4,000 at Advance Financial.
Fun Fact: North Dakota is the number one producer of honey in the United States, producing over 38 million pounds in 2018 valued at over $71 million.
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 the Lone Star State (Texas), Advance Financial offers an online Installment Loan ranging from $100 up to $3,000.
Did you know that Texas is known as the Lone Star State because of its former status as an independent republic, and as a reminder of the state’s struggle for independence from Mexico?
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.
Virginia
If you live in the great State of Virginia and need cash fast, Advance Financial offers an online Line of Credit Loan ranging from $100 up to $4,000.
Fun Fact: Virginia is known as the birthplace of a nation because Jamestown was the first English settlement in the United States.
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.
