Norman at a glance
- Population: the Census estimates 309 residents, ranking 319th of 500 places in Arkansas (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 305 (US Census Bureau).
- 2020 to 2023 change: about 1.3% growth over the 2020 Census base (US Census Bureau).
- Rank among Arkansas places: the 319th-largest of 500 (US Census Bureau, 2023 estimate).
- Size percentile: it exceeds roughly 36% of Arkansas's Census places by population (US Census Bureau).
- Coordinates: 34.4590 latitude, -93.6768 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Mount Ida, AR (7 mi); Glenwood, AR (12 mi); Amity, AR (18 mi); Murfreesboro, AR (27 mi); Mountain Pine, AR (30 mi) (US Census Bureau).
- Smaller places close by: Black Springs, AR (2 mi); Oden, AR (13 mi); Daisy, AR (16 mi) (US Census Bureau).
What a personal loan costs in Norman
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Norman
The Arkansas rate caps and licensing rules that reach Norman are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Norman
The order below is a sensible way to approach a loan in Norman:
- 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.