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Personal loans in Oak Grove, AR

A personal loan in Oak Grove is a fixed-term installment product, and the price a lender offers you is driven by your credit profile, income and existing debts. Census estimates count about 387 residents in Oak Grove, making it the 295th-largest of 500 places in Arkansas. Arkansas sets the rate caps and licensing rules a lender must follow here, and the sourced table below lists them.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Oak Grove at a glance

  • Population: the Census estimates 387 residents, ranking 295th of 500 places in Arkansas (Vintage 2023).
  • 2020 Census base: 382 residents at the 2020 Census (US Census Bureau, 2020 count).
  • 2020 to 2023 change: a gain of roughly 1.3% between the 2020 count and the 2023 estimate (US Census Bureau).
  • Rank among Arkansas places: the 295th-largest of 500 (US Census Bureau, 2023 estimate).
  • Size percentile: larger than about 41% of the Census places in Arkansas (US Census Bureau).
  • Coordinates: 36.4702, -93.4281 (US Census Bureau Gazetteer).
  • Nearest larger cities: Green Forest, AR (9 mi); Berryville, AR (10 mi); Kimberling City, MO (12 mi); Branson, MO (12 mi); Indian Point, MO (13 mi), each a US Census place with its estimated population.
  • Nearest smaller towns: Blue Eye, AR (2 mi); Blue Eye, MO (4 mi); Coney Island, MO (9 mi) — US Census Bureau populations.

What a personal loan costs in Oak Grove

Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.

The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

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 Oak Grove

The table lists the Arkansas rules that apply to a loan made in Oak Grove, each with the regulator that published it.

RuleDetailSource
Small-loan / installment lender licensingSee 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 regulatorArkansas 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
Payday lending statusNot 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

How to compare offers in Oak Grove

Before you share your details with a lender in Oak Grove:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Arkansas using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Oak Grove?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Oak Grove are the same as elsewhere in Arkansas.
How much can I borrow with a personal loan in Oak Grove?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Oak Grove require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Oak Grove hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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