Hatfield at a glance
- Population: about 343, 309th by size in Arkansas of 500 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 341 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up roughly 0.6% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Arkansas places: 309th largest of 500 (US Census Bureau).
- Size percentile: larger than about 38% of the Census places in Arkansas (US Census Bureau).
- Coordinates: 34.4845, -94.3799 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Mena, AR (11 mi); Wickes, AR (13 mi); Grannis, AR (17 mi); De Queen, AR (31 mi); Heavener, OK (31 mi), each a US Census place with its estimated population.
- Nearest smaller places: Cove, AR (4 mi); Vandervoort, AR (7 mi); Gillham, AR (22 mi) (US Census Bureau estimates).
What a personal loan costs in Hatfield
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.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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 Hatfield
The sourced rows below are the rules a licensed lender must follow when lending in Arkansas, and therefore in Hatfield.
| 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 Hatfield
Before you commit to a personal loan in Hatfield, work through these steps:
- 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.