Hornersville at a glance
- Population: 507, the 462nd-largest community in Missouri out of 937 (US Census Bureau, Vintage 2023).
- 2020 Census base: 535 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down about 5.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Missouri places: 462nd largest of 937 (US Census Bureau).
- Size percentile: it is larger than about 51% of the places in Missouri (US Census Bureau).
- Coordinates: 36.0402 latitude, -90.1164 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Senath, MO (7 mi); Gosnell, AR (10 mi); Cardwell, MO (10 mi); Manila, AR (11 mi); Leachville, AR (12 mi) (US Census Bureau).
- Smaller places nearby: Rives, MO (7 mi); Arbyrd, MO (7 mi); Dell, AR (13 mi), per US Census Bureau estimates.
What a personal loan costs in Hornersville
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
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 useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Missouri lending rules that apply in Hornersville
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 10% per annum, or the higher published 'market rate' (RSMo § 408.030) Source says: "a rate of interest not exceeding ten percent per annum on money due or to become due upon any contract" | Missouri Revisor of Statutes as of 2026-09-16 |
| Payday lending status | Legal and licensed — unsecured loans of $500 or less require a license from the Director of the Division of Finance (RSMo § 408.500) Source says: "in the business of making unsecured loans of five hundred dollars or less shall obtain a license from the director of the division of finance" | Missouri Revisor of Statutes as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer credit lenders licensed and regulated by the Division of Finance's consumer credit section (Chapters 367 and 408, RSMo) Source says: "The consumer credit section of the Missouri Division of Finance is responsible for licensing and regulating various types of consumer finance companies" | Missouri Division of Finance as of 2026-09-16 |
| State lending regulator | Missouri Division of Finance (Department of Commerce and Insurance) Source says: "We regulate state-chartered banks, trust companies, consumer credit facilities, mortgage brokers, and savings and loan institutions" | Missouri Division of Finance as of 2026-09-16 |
| Additional loan fee cap (30+ day loans) | Up to 10% of principal, capped at $100 (RSMo § 408.140) Source says: "a fee, not to exceed ten percent of the principal amount loaned not to exceed one hundred dollars may be charged by the lender" | Missouri Revisor of Statutes as of 2026-09-16 |
How to compare offers in Hornersville
A few practical steps will make the process in Hornersville 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 Missouri using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.