Mayflower at a glance
- Population: roughly 2,326 people; 123rd of 500 places in Arkansas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 2,234 residents here (US Census Bureau).
- 2020 to 2023 change: roughly 4.1% higher than at the 2020 Census (US Census Bureau).
- Rank among Arkansas places: 123rd in population of 500 places (US Census Bureau).
- Size percentile: roughly 75% of places in Arkansas rank below it by population (US Census Bureau).
- Coordinates: mapped at 34.9662, -92.4267 by the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Conway, AR (8 mi); Maumelle, AR (8 mi); Vilonia, AR (14 mi); Sherwood, AR (15 mi); North Little Rock, AR (17 mi) (US Census Bureau populations).
- Nearest smaller communities: Fourche, AR (11 mi); Bigelow, AR (12 mi); Cammack Village, AR (14 mi) (Census populations).
What a personal loan costs in Mayflower
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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 Mayflower
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Mayflower
The order below is a sensible way to approach a loan in Mayflower:
- 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.