Cherokee Village at a glance
- Population: roughly 4,936 people; 69th of 500 places in Arkansas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 4,785 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up roughly 3.2% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Arkansas places: 69th by size among 500 communities (US Census Bureau).
- Size percentile: about 86% of places in Arkansas are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 36.2913, -91.5694.
- Nearest larger cities (120-mile radius): Pocahontas, AR (33 mi); West Plains, MO (35 mi); Batesville, AR (36 mi); Walnut Ridge, AR (38 mi); Mountain Home, AR (45 mi) (US Census Bureau).
- Nearest smaller communities: Highland, AR (3 mi); Ash Flat, AR (4 mi); Hardy, AR (5 mi), each a US Census place.
What a personal loan costs in Cherokee Village
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Arkansas lending rules that apply in Cherokee Village
Each row below is a Arkansas rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 status | Not 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 licensing | See 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 regulator | Arkansas 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 Cherokee Village
The steps below are worth completing first when you borrow in Cherokee Village:
- 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 Arkansas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.