Oppelo at a glance
- Population: 747 (US Census Bureau, Vintage 2023 subcounty estimate), the 209th-largest of 500 places in Arkansas.
- 2020 Census base: 742 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 0.7% growth over the 2020 Census base (US Census Bureau).
- Rank among Arkansas places: 209th-largest of 500 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it is larger than about 58% of the places in Arkansas (US Census Bureau).
- Coordinates: 35.1006 latitude, -92.7736 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Morrilton, AR (4 mi); Perryville, AR (6 mi); Atkins, AR (14 mi); Conway, AR (17 mi); Pottsville, AR (19 mi) (US Census Bureau).
- Smaller places close by: Perry, AR (4 mi); Houston, AR (6 mi); Adona, AR (8 mi) (US Census Bureau).
What a personal loan costs in Oppelo
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Arkansas lending rules that apply in Oppelo
Read the table as the compliance picture for a lender serving Oppelo: label, sourced figure, publisher and date.
| 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 Oppelo
These steps are the ones that most affect the offer you receive in Oppelo:
- 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.