Evening Shade at a glance
- Population: 430, the 280th-largest community in Arkansas out of 500 (US Census Bureau, Vintage 2023).
- 2020 Census base: 419 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a gain of roughly 2.6% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Arkansas places: 280th of 500 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 44% of places in Arkansas rank below it by population (US Census Bureau).
- Coordinates: 36.0699, -91.6219 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Cave City, AR (9 mi); Ash Flat, AR (12 mi); Horseshoe Bend, AR (12 mi); Melbourne, AR (15 mi); Highland, AR (15 mi) (US Census Bureau).
- Nearest smaller places: Sidney, AR (5 mi); Mount Pleasant, AR (11 mi); Franklin, AR (11 mi) (US Census Bureau estimates).
What a personal loan costs in Evening Shade
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Arkansas lending rules that apply in Evening Shade
The Arkansas rate caps and licensing rules that reach Evening Shade are listed below, each with its source and retrieval date.
| 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 Evening Shade
These steps are the ones that most affect the offer you receive in Evening Shade:
- 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.