Lexa at a glance
- Population: roughly 187 people; 381st of 500 places in Arkansas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 206 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 9.2% below the 2020 Census base (US Census Bureau).
- Rank among Arkansas places: 381st-largest of 500 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it is larger than about 24% of the places in Arkansas (US Census Bureau).
- Coordinates: latitude 34.5982, longitude -90.7519 (US Census Bureau Gazetteer).
- Nearest larger cities: Helena-West Helena, AR (9 mi); Marvell, AR (10 mi); Marianna, AR (12 mi); Lake View, AR (13 mi); Friars Point, MS (17 mi); each population is a US Census Bureau estimate.
- Nearest smaller places: LaGrange, AR (4 mi); Rondo, AR (6 mi); Aubrey, AR (12 mi) (US Census Bureau estimates).
What a personal loan costs in Lexa
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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 Lexa
The Arkansas rate caps and licensing rules that reach Lexa are listed below, each with its source and retrieval date.
| 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 Lexa
These steps are the ones that most affect the offer you receive in Lexa:
- 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.