✓ Legal & RegulatedReviewed: Aug 2025
ArkansasLoan Laws & Regulations
Official regulatory reference for borrowers and lenders in Arkansas. Includes permitted loan types, APR caps, lender licensing requirements, borrower rights, and government source links.
Max Loan
$2,500
Typical APR
17% APR
Max Term
24 months
Legal Status
Restricted
Arkansas Lending Regulator
The Arkansas State Bank Dept oversees consumer lending in Arkansas, including licensing, enforcement, and consumer complaint resolution. Before borrowing from any lender, verify their license using the official regulator lookup tool linked above.
Regulatory Details
Detailed regulatory data for Arkansas is sourced directly from the Arkansas State Bank Dept. For the most current requirements, visit: https://banking.arkansas.gov/
Current Overview
Arkansas personal loans with a strict 17% rate cap. Licensed lenders in Little Rock and Fayetteville offer safe short-term funding.
Legal Status: Restricted · APR Range: 17% APR · Max Amount: $2,500
Arkansas Lending FAQ
Are payday loans legal in Arkansas?▼
Yes. Payday loans are legal and regulated in Arkansas under the oversight of the Arkansas State Bank Dept. Current APR range: 17% APR. Maximum loan: $2,500.
What is the maximum payday loan I can get in Arkansas?▼
The maximum short-term loan amount in Arkansas is $2,500. A $1,000 personal loan for 12 months in AR costs approximately $93 in interest at 17% APR.
Who regulates payday lenders in Arkansas?▼
The Arkansas State Bank Dept is the primary state regulator. You can verify any lender's license at https://banking.arkansas.gov/. Unlicensed lenders operating in Arkansas are illegal — always verify before borrowing.
What are the alternatives to payday loans in Arkansas?▼
Consider credit union PAL (Payday Alternative Loan) programs, licensed personal loan lenders, or non-profit credit counseling services in Arkansas.