Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / AR
Personal loans, banking, insurance, and debt help in Arkansas
Arkansans take out personal loans mainly to consolidate credit card debt, cover car repairs or medical bills, finance home improvements, or pay for weddings and moves, with most loans unsecured.
27lenders in the dataset
ARstate guide
$1,611/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Arkansas
Arkansans take out personal loans mainly to consolidate credit card debt, cover car repairs or medical bills, finance home improvements, or pay for weddings and moves, with most loans unsecured.
Interest-rate law
Arkansas has the strictest usury law in the country, written directly into its constitution. Amendment 89 (approved 2010) caps consumer loans and credit sales at a flat 17% per year, with no licensed-lender exception and no tiering by loan size. A loan priced above the cap is void as to both principal and interest. National banks are exempt via federal preemption.
| Loan range | Rate | Statute |
|---|---|---|
| Any loan amount | Flat 17% per year cap | Arkansas Constitution, Amendment 89 |
Lender complaints: Arkansas Attorney General's Consumer Protection Division
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Reach Financial
- Credit profile
- Not specified
- APR range
- 5.99% – 35.99%
- Loan amount
- $3,500 – $40,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
US Bank
- Credit profile
- Not specified
- APR range
- 8.74% – 24.99%
- Loan amount
- $1,000 – $50,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
CreditNinja
- Credit profile
- Poor
- APR range
- 195.75% – 349%
- Loan amount
- $300 – $5,000
Poor or limited credit
Integra Credit
- Credit profile
- Poor
- APR range
- 149% – 399%
- Loan amount
- $500 – $3,000
Poor or limited credit
NetCredit
- Credit profile
- Poor
- APR range
- 34% – 99.99%
- Loan amount
- $1,000 – $10,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
Poor or limited credit
Personify Financial
- Credit profile
- Poor
- APR range
- 36% – 179.50%
- Loan amount
- $500 – $15,000
03 / Debt consolidation
Debt consolidation
Arkansas's 17% constitutional usury cap is the tightest in the country, so a debt consolidation loan priced at or under that ceiling can offer real savings over typical credit card APRs; watch for loans structured through a bank partnership at a rate above 17%.
04 / Banking and credit unions
Banking in Arkansas
National banks offer scale and convenience, while regional and Arkansas-based banks compete on relationship banking and faster local decisions.
Banks listed
- Arvest BankHeadquartered in Bentonville, AR.
- Simmons BankHeadquartered in Pine Bluff, AR.
- Bank OZKHeadquartered in Little Rock, AR.
- Regions BankHeadquartered in Birmingham, AL, with a long-standing Arkansas branch presence.
- ChaseNational bank.
- Bank of AmericaNational bank.
- Centennial BankHeadquartered in Conway, AR.
Credit unions
Arkansas's credit unions are member-owned, not-for-profit institutions offering lower rates and fees than banks, forming one of the smaller and more consolidated sectors in the country.
Arkansas credit unions posted median membership growth of about -0.3% year over year (Q4 2025 NCUA data), compared to a national median of about -0.5%, with a notable decline in median loan growth (about -1.4%).
Arkansas Federal Credit Union, founded in 1956 to serve personnel at Little Rock Air Force Base, has grown into the state's largest financial cooperative. United Arkansas, originally Pulaski Federal Credit Union (chartered 1982), grew largely by merging in half a dozen smaller single-employer credit unions rooted in a newspaper, a valve manufacturer, and a grocery distributor.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Not legal for a typical for-profit company. Arkansas law (Ark. Code Ann. § 5-63-301 et seq.) outright prohibits engaging in the business of debt adjusting, one of only a handful of states with a hard ban rather than a licensing or fee-cap regime.
06 / Insurance
Arkansas insurance
Regulator
Arkansas Insurance Department
Insurance regulator websiteAuto insurance
25/50/25
Arkansas requires liability insurance with minimum limits of $25,000 per person and $50,000 per accident for bodily injury liability, plus $25,000 for property damage liability. Insurers must also offer at least $5,000 in PIP coverage, though it can be declined in writing.
Homeowners and renters
$1,611/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $206/yr
Arkansas sits squarely in Tornado Alley's eastern extension, with severe thunderstorms, hail, and tornadoes among the state's most common and costly homeowner insurance claims.
07 / Questions
Arkansas FAQs
How do I file a complaint against a lender in Arkansas?
Contact the Arkansas Attorney General's Consumer Protection Division, which handles consumer complaints about lenders and financial services companies.
How do I file a complaint against my insurance company in Arkansas?
File with the Arkansas Insurance Department.
What's the maximum interest rate a lender can legally charge on a personal loan in Arkansas?
17% per year, flat, for any loan size, under Amendment 89 to the Arkansas Constitution, with no licensed-lender exception. A loan priced above 17% is void as to both principal and interest. National banks are exempt via federal preemption.
What credit score do I need for a personal loan in Arkansas?
It depends on the lender. Banks and credit unions typically want a FICO score of 700+, online FinTech lenders work with fair credit (low-to-mid 600s), and some lenders serve poor or limited credit at significantly higher APRs.
Are payday loans legal in Arkansas, and are there caps on fees or loan amounts?
No. The Arkansas Supreme Court ruled in 2008 that Check Cashers Act fees were, in substance, interest violating the 17% constitutional usury cap, and the last storefront payday lender left the state in August 2009.
How long can a debt collector legally pursue an unpaid debt in Arkansas before the statute of limitations runs out?
Written contracts have a 5-year statute of limitations, while open accounts like many credit cards fall under a 3-year window; exact treatment can depend on the agreement's classification.
What's the difference between a debt consolidation loan and debt settlement for someone living in Arkansas?
A debt consolidation loan pays creditors in full with new borrowed money at a lower rate; credit recovers quickly. Debt settlement negotiates a reduced payoff but damages credit and may create taxable forgiven income. In Arkansas, state law prohibits for-profit debt adjusting outright, making a debt consolidation loan (subject to the 17% cap) the more clearly legal path.
