Hermitage at a glance
- Population: about 506, 252nd by size in Arkansas of 500 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 526 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: down roughly 3.8% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Arkansas places: 252nd of the state's 500 Census places (US Census Bureau).
- Size percentile: about 50% of Arkansas's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 33.4474, -92.1715 in the US Census Bureau Gazetteer.
- Nearest larger cities: Warren, AR (13 mi); Hampton, AR (18 mi); Monticello, AR (25 mi); Crossett, AR (26 mi); Hamburg, AR (27 mi); US Census Bureau population estimates.
- Nearest smaller towns: Banks, AR (10 mi); Harrell, AR (14 mi); Tinsman, AR (16 mi) (US Census Bureau).
What a personal loan costs in Hermitage
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
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 Hermitage
The Arkansas rate caps and licensing rules that reach Hermitage 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 Hermitage
A few practical steps will make the process in Hermitage less costly:
- 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.