Dermott at a glance
- Population: roughly 2,497 people; 116th of 500 places in Arkansas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 2,643 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: a loss of about 5.5% since the 2020 count (US Census Bureau).
- Rank among Arkansas places: 116th by size among 500 communities (US Census Bureau).
- Size percentile: ahead of around 77% of Arkansas places in population terms (US Census Bureau).
- Coordinates: 33.5262, -91.4323 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): McGehee, AR (7 mi); Monticello, AR (22 mi); Greenville, MS (24 mi); Dumas, AR (25 mi); Leland, MS (32 mi) (US Census Bureau populations).
- Nearest smaller towns: Reed, AR (12 mi); Tillar, AR (13 mi); Arkansas City, AR (14 mi) — US Census Bureau populations.
What a personal loan costs in Dermott
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Arkansas lending rules that apply in Dermott
The Arkansas rate caps and licensing rules that reach Dermott are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Dermott
These steps are the ones that most affect the offer you receive in Dermott:
- 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.