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Personal loans in Hackett, AR

A personal loan in Hackett is a fixed-payment installment loan, and the rate you are offered turns on your credit, your income and your existing debts. Census estimates count about 845 residents in Hackett, making it the 197th-largest of 500 places in Arkansas. The sourced table below shows the Arkansas rate caps and licensing requirements that reach every loan made here.

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

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Hackett at a glance

  • Population: about 845 residents, ranking 197th of 500 Census places in Arkansas (US Census Bureau, Vintage 2023 subcounty estimate).
  • 2020 Census base: 781 residents in the 2020 Census, per the US Census Bureau.
  • 2020 to 2023 change: an increase of about 8.2% since the 2020 count (US Census Bureau).
  • Rank among Arkansas places: 197th-largest of 500 (US Census Bureau, Vintage 2023 estimate).
  • Size percentile: larger than about 61% of the Census places in Arkansas (US Census Bureau).
  • Coordinates: 35.1880 latitude, -94.4103 longitude (US Census Bureau Gazetteer).
  • Nearest larger cities: Pocola, OK (5 mi); Greenwood, AR (10 mi); Arkoma, OK (10 mi); Fort Smith, AR (11 mi); Barling, AR (12 mi) — straight-line distances, US Census Bureau populations.
  • Nearest smaller towns: Bonanza, AR (3 mi); Rock Island, OK (4 mi); Midland, AR (7 mi) (US Census Bureau).

What a personal loan costs in Hackett

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.

The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.

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 Hackett

The Arkansas rate caps and licensing rules that reach Hackett are listed below, each with its source and retrieval date.

RuleDetailSource
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
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

How to compare offers in Hackett

These steps are the ones that most affect the offer you receive in Hackett:

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