Hector at a glance
- Population: the Census estimates 419 residents, ranking 285th of 500 places in Arkansas (Vintage 2023).
- 2020 Census base: 411 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: roughly 1.9% higher than at the 2020 Census (US Census Bureau).
- Rank among Arkansas places: 285th of the state's 500 Census places (US Census Bureau).
- Size percentile: larger than about 43% of the Census places in Arkansas (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 35.4629, -92.9791.
- Nearest larger cities: Dover, AR (9 mi); Atkins, AR (15 mi); Russellville, AR (16 mi); Pottsville, AR (17 mi); London, AR (18 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Adona, AR (30 mi); Casa, AR (30 mi); Perry, AR (31 mi), each a US Census place.
What a personal loan costs in Hector
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Arkansas lending rules that apply in Hector
The table carries the Arkansas rate and licensing rules that apply to consumer loans made in Hector.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 17% per annum for loans not made by or to governmental units or by federally insured depository institutions (Amendment 89, effective January 1, 2011) Source says: "shall not exceed seventeen percent (17%) per annum". | Arkansas Legislature — Arkansas Constitution, Amendment 89, § 3 (proposed by H.J.R. 1004 of 2009) as of 2026-09-16 |
| Payday lending status | Not permitted — all storefront payday lending eliminated; the Attorney General has worked to eliminate all forms of payday lending since 2008 Source says: "the Attorney General's office has worked to eliminate all forms of payday lending in Arkansas"; "all storefront payday loan operations in Arkansas have been shut down". | Arkansas Attorney General — Consumer Protection Division as of 2026-09-16 |
| Small-loan / installment lender licensing | See the latest published figure value_text left null: the State Bank Department does not publish a consumer small-loan license rate schedule that could be verified; storefront payday lending has been eliminated (see Payday lending status). See the linked regulator page for the licensee categories it supervises. | Arkansas State Bank Department as of 2026-09-16 |
| State lending regulator | Arkansas State Bank Department Source says: "The Department is charged with regulating state-chartered commercial banks with main offices in Arkansas". | Arkansas State Bank Department as of 2026-09-16 |
How to compare offers in Hector
The order below is a sensible way to approach a loan in Hector:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Arkansas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.