Gillett at a glance
- Population: 599 (US Census Bureau, Vintage 2023 subcounty estimate), the 239th-largest of 500 places in Arkansas.
- 2020 Census base: 565 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: up about 6.0% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Arkansas places: 239th of 500 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 52% of places in Arkansas are smaller (US Census Bureau).
- Coordinates: it sits at 34.1192, -91.3791 in the US Census Bureau Gazetteer.
- Nearest larger cities: DeWitt, AR (12 mi); Gould, AR (14 mi); Dumas, AR (17 mi); Rosedale, MS (26 mi); Stuttgart, AR (28 mi); US Census Bureau population estimates.
- Smaller places nearby: Mitchellville, AR (16 mi); Watson, AR (17 mi); Grady, AR (19 mi), per US Census Bureau estimates.
What a personal loan costs in Gillett
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
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.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Arkansas lending rules that apply in Gillett
The sourced rows below are the rules a licensed lender must follow when lending in Arkansas, and therefore in Gillett.
| 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 Gillett
The steps below are worth completing first when you borrow in Gillett:
- 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.