Siloam Springs at a glance
- Population: 19,336 people, the 26th-largest place among Arkansas's 500 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 17,386 (US Census Bureau).
- 2020 to 2023 change: an increase of about 11.2% since the 2020 count (US Census Bureau).
- Rank among Arkansas places: the 26th-largest of 500 (US Census Bureau, 2023 estimate).
- Size percentile: about 95% of Arkansas's Census places are smaller (US Census Bureau).
- Coordinates: 36.1854 latitude, -94.5300 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Centerton, AR (17 mi); Bentonville, AR (20 mi); Springdale, AR (21 mi); Fayetteville, AR (22 mi); Rogers, AR (23 mi), each a US Census place with its estimated population.
- Smaller places nearby: West Siloam Springs, OK (4 mi); Gentry, AR (6 mi); Watts, OK (6 mi), per US Census Bureau estimates.
What a personal loan costs in Siloam Springs
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Arkansas lending rules that apply in Siloam Springs
The table carries the Arkansas rate and licensing rules that apply to consumer loans made in Siloam Springs.
| 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 Siloam Springs
The order below is a sensible way to approach a loan in Siloam Springs:
- 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.