McDougal at a glance
- Population: about 130 residents, ranking 420th of 500 Census places in Arkansas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 134 residents here (US Census Bureau).
- 2020 to 2023 change: about 3.0% lower than the 2020 Census base (US Census Bureau).
- Rank among Arkansas places: 420th out of 500 Census places (US Census Bureau).
- Size percentile: ahead of around 16% of Arkansas places in population terms (US Census Bureau).
- Coordinates: 36.4365, -90.3907 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Pollard, AR (7 mi); Neelyville, MO (11 mi); Corning, AR (11 mi); Piggott, AR (11 mi); Greenway, AR (11 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Peach Orchard, AR (18 mi); Success, AR (18 mi); Nimmons, AR (19 mi) (US Census Bureau).
What a personal loan costs in McDougal
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Arkansas lending rules that apply in McDougal
The sourced rows below are the rules a licensed lender must follow when lending in Arkansas, and therefore in McDougal.
| 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 McDougal
These steps are the ones that most affect the offer you receive in McDougal:
- 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.