Winchester at a glance
- Population: the Census estimates 135 residents, ranking 417th of 500 places in Arkansas (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 137 (US Census Bureau).
- 2020 to 2023 change: population fell about 1.5% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Arkansas places: 417th in population of 500 places (US Census Bureau).
- Size percentile: about 17% of places in Arkansas are smaller (US Census Bureau).
- Coordinates: 33.7741 latitude, -91.4737 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Tillar, AR (5 mi); Dumas, AR (8 mi); Mitchellville, AR (9 mi); McGehee, AR (11 mi); Watson, AR (15 mi); US Census Bureau population estimates.
- Nearest smaller towns: Reed, AR (5 mi); Fountain Hill, AR (36 mi); Banks, AR (48 mi) — US Census Bureau populations.
What a personal loan costs in Winchester
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Winchester
The sourced rows below are the rules a licensed lender must follow when lending in Arkansas, and therefore in Winchester.
| 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 Winchester
Run through this list before signing anything in Winchester:
- 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.