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Personal loans in Arkansas City, AR

For a borrower in Arkansas City, a personal loan is a sum repaid in equal monthly installments, priced mainly from your credit profile, income and debt load. Arkansas City's Census population of roughly 349 makes it the 307th-largest of 500 places in Arkansas. Rate caps and licensing for consumer lenders in Arkansas come from state law, and the sourced rows below set them out.

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

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Arkansas City at a glance

  • Population: 349 people, the 307th-largest place among Arkansas's 500 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: the 2020 count put the population at 380 (US Census Bureau).
  • 2020 to 2023 change: roughly 8.2% fewer residents than at the 2020 Census (US Census Bureau).
  • Rank among Arkansas places: the 307th-largest of 500 (US Census Bureau, 2023 estimate).
  • Size percentile: roughly 39% of places in Arkansas rank below it by population (US Census Bureau).
  • Coordinates: 33.6089 latitude, -91.2049 longitude (US Census Bureau Gazetteer).
  • Nearest larger cities: McGehee, AR (11 mi); Dermott, AR (14 mi); Metcalfe, MS (16 mi); Greenville, MS (18 mi); Rosedale, MS (20 mi); each population is a US Census Bureau estimate.
  • Nearest smaller towns: Benoit, MS (12 mi); Reed, AR (15 mi); Tillar, AR (16 mi) (US Census Bureau).

What a personal loan costs in Arkansas City

A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.

The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.

Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.

Arkansas lending rules that apply in Arkansas City

The sourced rows below are the rules a licensed lender must follow when lending in Arkansas, and therefore in Arkansas City.

RuleDetailSource
Maximum legal interest rate (usury cap)17% per annum for loans not made by or to governmental units or by federally insured depository institutions (Amendment 89, effective January 1, 2011)
Source says: "shall not exceed seventeen percent (17%) per annum".
Arkansas Legislature — Arkansas Constitution, Amendment 89, § 3 (proposed by H.J.R. 1004 of 2009)
as of 2026-09-16
Payday lending statusNot permitted — all storefront payday lending eliminated; the Attorney General has worked to eliminate all forms of payday lending since 2008
Source says: "the Attorney General's office has worked to eliminate all forms of payday lending in Arkansas"; "all storefront payday loan operations in Arkansas have been shut down".
Arkansas Attorney General — Consumer Protection Division
as of 2026-09-16
Small-loan / installment lender licensingSee the latest published figure
value_text left null: the State Bank Department does not publish a consumer small-loan license rate schedule that could be verified; storefront payday lending has been eliminated (see Payday lending status). See the linked regulator page for the licensee categories it supervises.
Arkansas State Bank Department
as of 2026-09-16
State lending regulatorArkansas State Bank Department
Source says: "The Department is charged with regulating state-chartered commercial banks with main offices in Arkansas".
Arkansas State Bank Department
as of 2026-09-16

How to compare offers in Arkansas City

Before you share your details with a lender in Arkansas City:

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