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Payday Loans in Arkansas

Compare licensed lenders • Check AR regulations • Apply online

Max Loan
N/A (Prohibited)
Cities Covered
0
Legal Status
Prohibited
Population
3,011,524

Payday Loans in Arkansas

Arkansas bans payday lending under the Arkansas Constitution (17% APR cap). Check Credit Act §23-52-101.

Alternative Options: Consider credit union loans, payment plans, or employer paycheck advances.

About Payday Loans in Arkansas

Arkansas bans payday lending under the Arkansas Constitution (17% APR cap). Check Credit Act §23-52-101.

Arkansas is located in the South region of the United States with a population of 3,011,524.

Key Regulations:

  • Payday lending is prohibited in Arkansas
  • Regulated by Arkansas State Bank Department
  • Consider credit union alternatives for small-dollar loans
  • Bank personal loans may be available at lower rates
  • Military borrowers protected by federal 36% APR cap (MLA)

Regulatory Authority: Arkansas State Bank Department
Official Website: https://www.state.ar.us/bank/

Cities in Arkansas

Frequently Asked Questions – Arkansas

Are payday loans legal in Arkansas?
Yes, payday loans are prohibited in Arkansas. The state is regulated by the Arkansas State Bank Department, which oversees all payday lenders. Arkansas bans payday lending under the Arkansas Constitution (17% APR cap). Check Credit Act §23-52-101.
What is the maximum payday loan amount in AR?
The maximum payday loan amount in Arkansas is N/A (Prohibited). Finance charges are capped at N/A (Prohibited). Always verify with your lender before applying.
How long do I have to repay a payday loan in Arkansas?
In Arkansas, payday loans typically have a maximum term of N/A. Some lenders offer installment loans with longer repayment periods. Check specific lender terms.
Can I have multiple payday loans at once in AR?
Arkansas bans payday lending under the Arkansas Constitution (17% APR cap). Check Credit Act §23-52-101.
How do I find licensed payday lenders in Arkansas?
All payday lenders in Arkansas must be licensed by the Arkansas State Bank Department. You can verify a lender's license at https://www.state.ar.us/bank/. Only work with licensed lenders to protect yourself.
What documents do I need for a payday loan in AR?
Most Arkansas payday lenders require: (1) Valid ID (driver's license or state ID), (2) Proof of income (pay stubs or bank statements), (3) Active checking account, (4) Social Security number, (5) Proof of residence.
What is the typical APR for payday loans in Arkansas?
In Arkansas, the maximum APR is 17%. Actual APR varies by lender and loan amount. Always review the loan agreement for total cost before signing.
Are there alternatives to payday loans in AR?
Yes. Consider: (1) Credit union loans (often lower rates), (2) Payment plans with creditors, (3) Local assistance programs, (4) Employer cash advances, (5) Friends or family loans. Explore all options before committing to a payday loan.

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Important Legal Notice

This information is current as of January 2026 and is for informational purposes only. Payday loan regulations in Arkansas may change. Always verify current regulations with the Arkansas State Bank Department before applying. Credizen is a comparison platform – we do not directly provide loans.

We may earn commission from lenders when you submit a loan request. This does not affect which lenders you're matched with. Learn more in our methodology.

Emergency Financial Help

If you're experiencing financial difficulties, contact your local financial counseling service.

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