Prairie Grove at a glance
- Population: the Census estimates 8,186 residents, ranking 46th of 500 places in Arkansas (Vintage 2023).
- 2020 Census base: 7,064 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: up about 15.9% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Arkansas places: 46th-largest of 500 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it is larger than about 91% of the places in Arkansas (US Census Bureau).
- Coordinates: 35.9861 latitude, -94.3034 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Farmington, AR (5 mi); Fayetteville, AR (10 mi); Springdale, AR (16 mi); Siloam Springs, AR (19 mi); Lowell, AR (20 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Greenland, AR (6 mi); Lincoln, AR (7 mi); West Fork, AR (8 mi), each a US Census place.
What a personal loan costs in Prairie Grove
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
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.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Arkansas lending rules that apply in Prairie Grove
The sourced rows below are the rules a licensed lender must follow when lending in Arkansas, and therefore in Prairie Grove.
| 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 Prairie Grove
Here is a short checklist for comparing personal loans in Prairie Grove:
- 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.