Monette at a glance
- Population: the Census estimates 1,603 residents, ranking 153rd of 500 places in Arkansas (Vintage 2023).
- 2020 Census base: 1,509 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: up about 6.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Arkansas places: 153rd of 500 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 69% of Arkansas's places have fewer residents (US Census Bureau).
- Coordinates: 35.8932, -90.3441 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Leachville, AR (5 mi); Lake City, AR (8 mi); Manila, AR (10 mi); Brookland, AR (13 mi); Paragould, AR (14 mi); US Census Bureau population estimates.
- Nearest smaller towns: Black Oak, AR (4 mi); Caraway, AR (9 mi); Cardwell, MO (11 mi) (US Census Bureau).
What a personal loan costs in Monette
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Arkansas lending rules that apply in Monette
The table lists the Arkansas rules that apply to a loan made in Monette, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Monette
These steps are the ones that most affect the offer you receive in Monette:
- 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.