Who regulates personal loans in Arkansas?

The Arkansas Securities Department oversees consumer lenders in the state. Arkansas also has a constitutional interest rate cap (Amendment 89). Visit securities.arkansas.gov for more.

Does Arkansas have a rate cap on personal loans?

Yes — Arkansas has a constitutional ceiling on consumer loan rates under Amendment 89. This limits some high-APR lenders from operating in the state. Check with the Arkansas Securities Department for current specifics.

Why are some online lenders unavailable in Arkansas?

Arkansas's constitutional rate cap means some lenders that charge higher rates elsewhere cannot legally operate in Arkansas. Credit unions and mainstream bank lenders are often the best options here.

What credit score is needed for a personal loan in Arkansas?

Credit unions and banks typically require 640–680 FICO. The lenders most active in Arkansas given the rate cap generally prefer mid-to-prime credit profiles.

What are common uses for personal loans in Arkansas?

Debt consolidation, home improvement, medical expenses, and major purchases are the most common uses for personal loans in Arkansas, consistent with national patterns.

Personal Loans in Arkansas

Arkansas has a manufacturing and agricultural base with a relatively low cost of living. Rate awareness is especially important given that the state's constitutional rate cap makes some high-cost loan products unavailable here.

More Arkansas guides

Auto Insurance in Arkansas Homeowners Insurance in Arkansas Renters Insurance in Arkansas Mortgages in Arkansas Auto Loans in Arkansas Student Loans in Arkansas Life Insurance in Arkansas High-Yield Savings in Arkansas

Personal Loans by state

All states Alabama Alaska Arizona California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming