London at a glance
- Population: a Census-estimated 1,036, placing it 183rd among Arkansas's 500 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 934 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: up roughly 10.9% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Arkansas places: 183rd by size among 500 communities (US Census Bureau).
- Size percentile: it is larger than about 63% of the places in Arkansas (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 35.3276, -93.2435.
- Nearest larger cities: Russellville, AR (7 mi); Dardanelle, AR (8 mi); Dover, AR (8 mi); Lamar, AR (12 mi); Pottsville, AR (12 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Knoxville, AR (8 mi); Morrison Bluff, AR (16 mi); Scranton, AR (17 mi) (US Census Bureau).
What a personal loan costs in London
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
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 lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Arkansas lending rules that apply in London
The table carries the Arkansas rate and licensing rules that apply to consumer loans made in London.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in London
Before you commit to a personal loan in London, 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.