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Compare your loan options in Arkansas

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.

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Name Product Filter Values Loan amount Turnaround time Requirements
Smart Advances
Not rated yet
Smart Advances
$100 to $20,000
As soon as one business day after loan closing
Have a regular income, 18+ years old, be a U.S. citizen with a valid SSN, have an open bank account, meet any additional requirements your lender may have
Smart Advances was designed to help you request the loan you need, for any reason.
EarnIn
Not rated yet
EarnIn
Get up to $100 per day or $750 per pay period.
1 to 2 business days, or in minutes with Lightning Speed.
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
No mandatory fees, no interest, and no credit checks. Subject to EarnIn terms & conditions
Cleo
Not rated yet
Cleo
Up to $250
3 to 4 days standard transfer. Same day with $3.99 express fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Albert
Not rated yet
Albert
Up to $250
2–3 business days or instant for a fee
Checking account 2+ months old receiving direct deposit, 2+ months working for the same employer, positive account balance, most recent paycheck was on-time, funds still available in bank account 24 hours after most recent payday.
Get up to $250 overdraft protection if you sign up for Albert's banking app.
Brigit
Not rated yet
Brigit
Up to $250
1 to 3 business days or instant with a fee of $0.99 to $3.99, or a $9.99/mo. subscription with small fee, or free with $14.99/mo. subscription.
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
LendYou Short-term Loans
Finder Rating: 2.5 / 5: ★★★★★
LendYou Short-term Loans
Up to $1,000 for payday loans and up to $5,000 for installment loans
1 business day
$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.
Fast5kLoans Short-term Loans Connection Service
Finder Rating: 3.5 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $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.
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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.

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?

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8 Responses

    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

    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
      JoshuaAugust 5, 2018Finder

      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

    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
      HaroldNovember 1, 2017Finder

      Hi Kk,

      Thank you for your inquiry.

      It might be difficult to find a loan when you have a low credit score. But there are lenders who consider bad credit that you may apply and be approved for.

      Cheers,
      Harold

    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
      HaroldAugust 15, 2017Finder

      Hi Jennifer,

      Thank you for your inquiry.

      You may want to consider the small business loan options here.

      I hope this information has helped.

      Cheers,
      Harold

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