Wooster at a glance
- Population: about 1,058, 180th by size in Arkansas of 500 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 1,036 residents here (US Census Bureau).
- 2020 to 2023 change: up roughly 2.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Arkansas places: 180th-largest of 500 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 64% of Arkansas's places have fewer residents (US Census Bureau).
- Coordinates: latitude 35.1999, longitude -92.4502 (US Census Bureau Gazetteer).
- Nearest larger cities: Greenbrier, AR (4 mi); Conway, AR (9 mi); Vilonia, AR (16 mi); Mayflower, AR (16 mi); Morrilton, AR (17 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Menifee, AR (7 mi); Twin Groves, AR (9 mi); Holland, AR (10 mi) (US Census Bureau).
What a personal loan costs in Wooster
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 APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Arkansas lending rules that apply in Wooster
The table lists the Arkansas rules that apply to a loan made in Wooster, each with the regulator that published it.
| 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 Wooster
Here is a short checklist for comparing personal loans in Wooster:
- 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.