Wilmot at a glance
- Population: a Census-estimated 395, placing it 292nd among Arkansas's 500 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 416 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 5.0% below the 2020 Census base (US Census Bureau).
- Rank among Arkansas places: 292nd of the state's 500 Census places (US Census Bureau).
- Size percentile: roughly 42% of Arkansas's places have fewer residents (US Census Bureau).
- Coordinates: 33.0570, -91.5779 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Hamburg, AR (17 mi); Oak Grove, LA (17 mi); Eudora, AR (19 mi); Crossett, AR (22 mi); Mer Rouge, LA (23 mi); each population is a US Census Bureau estimate.
- Smaller places close by: Parkdale, AR (5 mi); Bonita, LA (11 mi); Portland, AR (13 mi) (US Census Bureau).
What a personal loan costs in Wilmot
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Arkansas lending rules that apply in Wilmot
The Arkansas rate caps and licensing rules that reach Wilmot are listed below, each with its source and retrieval date.
| 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 Wilmot
The steps below are worth completing first when you borrow in Wilmot:
- 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.