Magnolia at a glance
- Population: 10,769, the 36th-largest community in Arkansas out of 500 (US Census Bureau, Vintage 2023).
- 2020 Census base: 11,163 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down roughly 3.5% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Arkansas places: 36th in population of 500 places (US Census Bureau).
- Size percentile: roughly 93% of Arkansas's places have fewer residents (US Census Bureau).
- Coordinates: 33.2767 latitude, -93.2262 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: El Dorado, AR (33 mi); Texarkana, AR (45 mi); Minden, LA (46 mi); Texarkana, TX (51 mi); Bossier City, LA (58 mi) (Census populations, approximate straight-line distance).
- Smaller towns nearby: McNeil, AR (5 mi); Waldo, AR (7 mi); Emerson, AR (13 mi) (US Census Bureau).
What a personal loan costs in Magnolia
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Arkansas lending rules that apply in Magnolia
The table carries the Arkansas rate and licensing rules that apply to consumer loans made in Magnolia.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Magnolia
Here is a short checklist for comparing personal loans in Magnolia:
- 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.