Home to legends ranging from Johnny Cash to former President Bill Clinton, Arkansas is a state full of rich history and vibrant people. With a population approaching almost three million, there is no shortage of people looking to find a personal loan to help achieve their financial goals. No matter what your reason is for needing a loan, America Loan Service is here to connect you with the best lenders for your situation and help you get money in your pocket when you need it.

Using our fast and easy lender connection tool, you can see all your options laid out instantly with all the information you’ll need to get started in the lending process. Once you've entered your zip code in finder, it will list the lenders that offer loans in Arkansas.

Deciding on an unsecured personal loan or secured loan will depend on the size on the loan and length of time you require for repayment. Unsecured personal loans online cap at $100,000 with the maximum repayment time of 7 years, while a secured loan could be an auto loanhome equity loan or a home equity line of credit that you could draw against for 20 years before starting to repay the loan amount and the loan amount is up to 70-90% of the equity in your home.  Perhaps you are purchasing a new or used vehicle, buying or upgrading your home, or consolidating debt from things like credit cards or student loans that has been spiraling out of control. If you live in Arkansas with a 620+ credit score, you can receive loans of up to $50,000 with APR starting as low as 4.99% through our partnered lenders. This type of loan can mean the difference between putting your financial plans off for years or getting started on them today.

25% of Arkansas is made up of adults 35-54, an age group often dealing with educational loans and mortgages that are eating away at their finances. Whether you are trying to find your first mortgage, or refinance your existing mortgage, we have loan providers to help you find the best option for your financial requirements.

Bad Credit Options in Arkansas

Arkansas state interest laws are written directly into their constitution, and base interest rates off of the federal discount rate. At any given time, general loans can charge no more than 5% above the federal discount rate. Certain banks and institutions are, however, exempt from this cap, making a clear cap on interest somewhat difficult to nail down. The plus side of this is that it allows you as a borrower more options in the lenders you can choose from.

Mortgages, credit cards, home equity loans, business loans, auto leasing, second mortgages and home equity line of credit are all exempt from the usury laws of Arkansas. We have included a link below called "Exemptions to the Usury Law" provided by the Washington State Department of Financial Institutions.

While Arkansas is a relatively easy state to get a personal loan when you have good to fair credit, the interest rate usury laws make it very difficult for a bad credit lender to operate in Arkansas. Your best options for rebuilding your credit are a secured credit card and contacting Novita.

Novita was built for Americans with chronic financial troubles, whether from bad credit, overspending, or financial emergencies. Novita is a Personal Financial Guide that identifies and demonstrates how you can prevent or fix your financial issues yourself. Unlike other personal financial services, Novita gives you actions to perform instead of numbers to look at.

America Loan Service recommends Novita because they are reasonably priced and they focus on redirecting poor spending habits.

Debt settlement is another option for bad credit if you fallen a few months behind in paying your bills. Check out this article on repairing your credit as well. Though the journey is not easy, America Loan Service can direct you to rebuild your financial health one step at a time.

Living in a state as rich with history and full of natural wonders like Arkansas, it is important to have the financial stability you need in order to live a comfortable life. No matter if you live in a business hub like Little Rock or among the 600,000 acres of lakes dotting the countryside, everyone needs cash at some point or another. Our mission is to provide you with the best options for lenders in your area and get you started on the path to financial independence today.

Secured Personal Loans

  1. Usually a larger loan amount
  2. Access to capital can take longer if the asset used for security requires an appraisal.

Secured auto loans are processed quickly with lower interest rates because the vehicle secures the loan.

A home loan equity loan or Home Equity Line of Credit (HELOC) is an excellent option for higher loan amounts and you have the time to wait. For many people that have just purchased their home or if the equity is not available to secure a home equity loan, an unsecured personal loan can get the job done and it can be completed very quickly.

When to consider a Secured Loan and Line of Credit

Secured Loan

Secured loans and lines of credit are protected against assets and provide the lenders the ability to increase the borrowing amount, lower interest rates and work with a lower credit score. The main advantage of a secured loan is that you can access more capital when you use an asset to protect the lender. Secured loans require collateral and the process can be longer as the collateral must be verified by the lending institution. This step can be well worth your time when you receive lower interest rates.If you need a larger amount of capital for debt consolidation or home repairs, you may want a Home Equity line of credit or secured loan. If you have a low credit score, the lender is usually more willing to lend you money as they have security that they could take to repay the loan.

Where to find the best Secured Loan

LendingTree is a great option for those looking for a secured loan with over 1500 providers to choose from. 

Business Loan vs. Personal Loan

When you're just starting your business or made a big sale, you may need a cash injection. If your business in grossing over $50,000 annually, you can qualify for a loan using for business for security even with a poor credit score as low as 500.

Small business loans can be taken with your name as collateral for secured or unsecured loans.

The Difference between Secured and Unsecured Personal Loans

A personal loan is unsecured based on your signature and credit report where a secured personal loan is protected by the collateral you provide. Typical uses of unsecured loans are credit cards, lines of credit, student loans and personal loans for debt consolidation and home improvements. A secured loan collateral may be the item you’re purchasing an RV or vehicle that the lender is securing. In many cases, a secured loan could also be referred to as a home equity loan as they both require collateral. The home equity loan is your house as the collateral and lenders feel secure in that none of us want to risk losing our home. Interest rates may be less with a secured loan as the lender is taking less risk in the transaction. If you are not taking out a lot of credit, a secured loan may be the way for you to go if it saves you money in interest over the long term.

Net-Worth Statement to prepare for a Personal Loan from a Bank

If you decide to go to a bank to apply for a personal secured or unsecured loan, you will need to complete a personal net worth statement. This link will offer you an example of what most banks will be looking for today. You can also go online to the bank you are planning on using and they may have their net worth documentation online. This may save you a trip back to the bank if you have this prepared before you go. Completing a net-worth statement will also help you understand the positive and negative issues the lender will question. Take the time to answer these questions before you get to the bank. The person you are talking to will need to forward information up to the bank's risk assessment group. In most cases, they are not making the decision, only passing along what you are telling them. Write out your explanation or email it to the bank so it is easy for the lender to get the information into the right hands. Remember that we are all responsible for our own financial futures and if we don’t look after it, someone else will.

Electronic Records

Online lenders will require that you agree to the use of electronic records. As the entire transaction is completed online, the lenders are sending and receiving your private information over the Internet. Read the statement of the use of Electronic records to make sure you are comfortable with any lenders policies and their terms of use. 


  1. Population distribution by state - Population distribution by state acquired July 2018
  2. What is an illegal interest rate in Arkansas? - What is an illegal interest rate in Arkansas?
  3. TIME Average income by state - Average income by state acquired July 2018
  4. Arkansas maximum interest laws - Arkansas maximum interest laws acquired July 2018
  5. Exceptions to the Usury Law - Exceptions to the Usury Law July 2018