Shannon Hills at a glance
- Population: 4,685 residents, the 70th-largest of 500 places in Arkansas (US Census Bureau, Vintage 2023).
- 2020 Census base: 4,489 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 4.4% higher than at the 2020 Census (US Census Bureau).
- Rank among Arkansas places: 70th of 500 by population (US Census Bureau, Vintage 2023).
- Size percentile: larger than about 86% of the Census places in Arkansas (US Census Bureau).
- Coordinates: mapped at 34.6176, -92.4022 by the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Bryant, AR (5 mi); Little Rock, AR (8 mi); Benton, AR (10 mi); North Little Rock, AR (15 mi); Maumelle, AR (16 mi) (US Census Bureau).
- Nearest smaller places: Alexander, AR (3 mi); Bauxite, AR (7 mi); Wrightsville, AR (10 mi) (US Census Bureau estimates).
What a personal loan costs in Shannon Hills
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Arkansas lending rules that apply in Shannon Hills
Read the table as the compliance picture for a lender serving Shannon Hills: label, sourced figure, publisher and date.
| 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 Shannon Hills
A few practical steps will make the process in Shannon Hills less costly:
- 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.