Payday loans in Arkansas | finder.com
Arkansas payday loans

Compare your loan options in Arkansas

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

If you’re looking for a payday loan in Arkansas, you may need to consider other options.

If you’re in need of quick cash and are looking for a small loan, getting one from a payday lender may have crossed your mind. This guide will help you navigate the laws surrounding short-term lending in Arkansas.

Our top pick: CashUSA Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $10,000
  • Turnaround Time: As early as 1 business day
  • Loan Term: 90 days to 72 months
  • Requirements: $1,000+ monthly income after taxes, valid checking account
  • Bad credit is OK
  • No application fee
  • Debt education resources

Our top pick: CashUSA Installment Loans

Explore its online education center to get tips on budgeting, how to prioritize your bills and more.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $10,000
  • Turnaround Time: As early as 1 business day
  • Loan Term: 90 days to 72 months
  • Requirements: $1,000+ monthly income after taxes, valid checking account
Promoted

Can I get a payday loan in Arkansas?

No. Payday loans aren’t legal in Arkansas. The Check Casher Act, as defined by Arkansas Code 23-52-101 et. seq, was repealed in 2011. However, some loan brokers may be able to connect you with suitable lenders and some lenders may still provide installment loans that meet the state’s requirements.

Loan connection services to consider

Updated September 23rd, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$50,000
Same business day to 1 business days
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
$3,000
1 business day
Checking account, $1,500+ monthly income, recent pay stub, live in eligible state, 18+ years old
Financing with transparent terms to residents of five states.
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$10,000
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

Updated September 23rd, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$50,000
Same business day to 1 business days
Employed, $800+ regular monthly income, checking account, ages 18+, US citizen
Fill out a simple online form to compare offers from several lenders that may be able to help.
$10,000
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
$1,000
Same business day to 1 business days
Valid bank account, proof of employment or steady income, US citizen, ages 18+
No credit? Past bankruptcy? One of the lenders in its network may still be able to help.

Compare up to 4 providers

How much will a loan in Arkansas cost?

When you get credit, you have to repay the principal along with interest in addition to other fees and charges. The cap on interest is 17%, however it could be lower depending on your credit score, the amount you wish to borrow, the loan term, the type of credit and the lender you choose.

Lenders can charge the following fees:

  • Application fees
  • Loan disbursement fees
  • Loan settlement fees
  • Late fees
  • Non-Sufficient Funds (NSF) fees

To find out how much your loan may end up costing you, go through the loan contract carefully. You’re under no obligation to sign, and comparing your options can help you pick out the best solution for your financial troubles.

What other options do I have if I need extra cash?

While you can’t get a payday loan or a cash advance in Arkansas, you can get funds in other ways. Your options include:

  • Tribal loans. You may consider going through a tribal lender. Tribal lenders operate on Native American sovereign land and aren’t regulated under state law. Be sure to check that the lender is legit before applying though.
  • Credit card cash advance. If you have a credit card, consider a cash advance. Although expensive, this usually has lower interest than payday loans and can help you get through a rough financial period.
  • Settle your debt. Depending on your credit score, you may be able to settle your debt for less than you currently owe. This could help with your monthly budget. Consider a debt relief company for help in negotiating with creditors and paying off your debt.
  • Government assistance programs. You may also want to look into assistance programs like the Home Energy Assistance Program (HEAP) or Food Stamp Program when you’re struggling to pay your bills. These can lower your daily expenses so you can afford to pay for other things in your daily living budget.

Explore payday loan alternatives in your area

I found a payday lender in Arkansas willing to give me a loan. Is it legit?

If the company is offering true payday loans that need to be paid back in one lump sum with costs above 17% APR, it’s not legit. Payday loans are prohibited in Arkansas.

You could look for a few things in a company to determine if it’s reputable. These include, among other things:

  • A physical address in the US
  • A phone number
  • Company registrations with the state

A legit lender won’t ask for advance fees before approving you for a loan or sending you funds. Read our guide on how to spot a payday loan scam to keep your money and personal information safe.

To report a payday lender operating in the state or a scamming company, contact the Arkansas State Attorney General. If you’ve accidentally accepted an illegal payday loan, you may not have to pay. Inform the State Attorney General and deal with the matter lawfully.

Bottom line

Although you won’t be able to get a payday loan in Arkansas, there are other short-term loan options that can help you get the money you need whenever an emergency hits. Just keep in mind that these forms of credit are costly and you could end up paying back more than what you borrow if you get stuck in debt cycle.

Have any more questions about Arkansas short-term loans?

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

8 Responses

  1. Default Gravatar
    KilaSeptember 15, 2018

    Where can i get a cash loan from in arkansas

    • Default Gravatar
      joelmarceloSeptember 15, 2018

      Hi Kila,

      Thanks for leaving a question on finder.

      Unfortunately, you can’t get a payday loan or a cash advance in Arkansas, you can get funds in other ways. Your options include:

      – Tribal loans. You may consider going through a tribal lender. Tribal lenders operate on Native American sovereign land and aren’t regulated under state law. Be sure to check that the lender is legit before applying though.
      – Credit card cash advance. If you have a credit card, consider a cash advance. Although expensive, this usually has lower interest than payday loans and can help you get through a rough financial period.
      – Settle your debt. Depending on your credit score, you may be able to settle your debt for less than you currently owe. This could help with your monthly budget. Consider a debt relief company for help in negotiating with creditors and paying off your debt.
      – Government assistance programs. You may also want to look into assistance programs like the Home Energy Assistance Program (HEAP) or Food Stamp Program when you’re struggling to pay your bills. These can lower your daily expenses so you can afford to pay for other things in your daily living budget.

      Although you won’t be able to get a payday loan in Arkansas, there are other short-term loan options that can help you get the money you need whenever an emergency hits. Just keep in mind that these forms of credit are costly and you could end up paying back more than what you borrow if you get stuck in debt cycle.

      Cheers,
      Joel

  2. Default Gravatar
    HippieJuly 23, 2018

    If I’m an Arkansas resident and buy a car in missouri that has a title loan lien can I legally title the vehicle in arkansasI

    • Avatarfinder Customer Care
      JoshuaAugust 5, 2018Staff

      Hi Hippie,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      In most cases, if a car has a lien applied in it, the lender holds the original copy of the title. The car title will only be returned upon completely paying all outstanding balance. For this reason, you might have a hard time transferring the title of your vehicle in Arkansas.

      To get a more personalized answer, please seek professional advice.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    KkOctober 31, 2017

    I have bad credit but need a medical loan for $8,500 and I can put my car up for collateral but who will take a chance with me being young and having bad credit?

    • Avatarfinder Customer Care
      HaroldNovember 1, 2017Staff

      Hi Kk,

      Thank you for your inquiry.

      You may find difficult find a loan when you have a low credit score. But there are lenders who considers people with bad credit where you can apply for.

      I hope this information has helped.

      Cheers,
      Harold

  4. Default Gravatar
    JenniferAugust 14, 2017

    I need a loan to start a seasonal business I need about $8,000 til Nov 2017 I have horrible credit but is there a chance someone may help. Please I’m desperate

    • Avatarfinder Customer Care
      HaroldAugust 15, 2017Staff

      Hi Jennifer,

      Thank you for your inquiry.

      You may want to consider the small business loan options here. – http://bit.ly/2vXD0JW

      I hope this information has helped.

      Cheers,
      Harold

Go to site