8/7/2023
Post-pandemic conditions have left many families looking for additional resources. In the United States there are plenty of alternatives for borrowing money, whether it is through quick loans, credit cards or bank loans.
In our review of the different forms of financing you can get in each of the states of the union, today we will focus on the personal loans you can get in Arkansas.
You may be interested in: Personal Loans in Oklahoma
Requirements to apply for a loan in Arkansas
When it comes to getting a personal loan in Arkansas, you have to comply with some contractual and legal provisions. Although the list we will give below may vary, it includes the essentials:
- Be at least 18 years of age.
- Have permanent residency or citizenship.
- Show proof that you have some source of income or employment.
- Have an active checking or savings account at a regional or national bank.
- Provide contact information, such as telephone number, email and current address.
- Provide government-issued documents, such as SSN, state ID card or other similar identification.
Where to get personal loans in Arkansas?
If you live in the United States, you know that there will be no shortage of options for quick financing. Add to this the boom of fintechs and online lenders that now make things easier for you and require less.
Along with the banks and credit unions you can find in the state of Arkansas, you can also choose online options, such as P2P services, crowlending, crowdfunding, microloans and quick loans, even with bad credit.
Online lending
- Loan amount: between $ 500 and $ 50,000
- Term: entre 15 days y 120 months
- Extra:Fast loans up to $50,000 for whatever you want.
Interest rates from 6% to 439% APR
Finansi Group SL - Calle de las Barcas 2 Piso 2, 46002, Valencia
- Loan amount: between $ 500 and $ 10,000
- Term: entre 3 y 1728 months
- Extra:Fast online loans even with bad credit.Interest rates between 5.99% and 35.99% APR
3315 E Russel Rd Ste A-4 Box #105, Las Vegas, NV 89120
- Loan amount: between $ 50 and $ 2,500
- Term: entre 7 days y 12 months
- Extra:Fast loans online and offline, even with bad credit.Interest rate starting at 83% APR.Address: 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062
- Loan amount: between $ 1,000 and $ 35,000
- Term: entre 6 y 72 months
- Extra:Interest rate from 5.99% to 35.99% APR - 216 E 4th St, Austin, TX 78701
- Loan amount: between $ 500 and $ 4,000
- Term: entre 30 days y 24 months
- Extra:Interest rate between 59% and 160% APRAddress: 130 E Randolph St - Suite 3400 - Chicago, IL 60601
- Loan amount: between $ 1,000 and $ 50,000
- Term: entre 36 y 60 months
- Extra:Online personal loans even with bad creditInterest rate between 6.7% and 35.99% APR
Address: 2950 S. Delaware Street, San Mateo, CA 94403
Online lending platforms are a thriving business that continues to add players and followers. In this category, we have 3 suggestions that have managed to position themselves:
- Bad Credit Loans. As its name suggests, it is a marketplace of lenders where you can apply for up to $35,000 (minimum $250) with bad credit. The APR is usually from 5.99% to 35.99% and repayment is from 90 days to 6 years. It is a safe, friendly site with a wide variety of alternatives.
- Cash Advance. This free intermediary service puts you in touch with a network of lenders that match your expectations. A member of the OLA (Online Lenders Allience), it lets you apply for $200 to $10,000 through a form and process that anyone can understand.
- Personal Loans. In this platform you can choose amounts from $250 to $35,000. Similar to the previous ones, it connects you with a network of reliable lenders, has a simple processing and fast disbursement. It stands out for having almost no fees and for allowing you to use the money for whatever you want.
Recommended Banks in Arkansas
The state of Arkansas, which borders the territories of Oklahoma, Missouri, Tennessee, Mississippi, Louisiana and Texas, has several regional and national banks where you can get personal loans and credit cards to get money fast.
Although banking has evolved, traditional financial institutions are still the main players. Much of this has to do with their adaptation to new technologies and their willingness to take better care of their customers.
In our usual recommendation, we leave you with these options:
First Service Bank
This regional bank has a good reputation and a long history of service in the communities it serves. This bank stands out for its excellent customer service, favorable terms and products that fit your needs.
When it comes to getting a personal loan in AK, they offer you the following alternatives:
- Auto loans
- Loans for motorcycles, ATVs and RVs.
- Home purchase and refinancing.
- Home construction, improvement and renovation.
Regions Bank
This regional bank is one of the largest, so it offers you the possibility of getting pre-approved for personal loans and attractive interest rates. If you are an account holder with this institution, you can borrow as little as $2,000 and as much as $50,000.
If you have no relationship with Regions Bank, $35,000 is the maximum you can borrow. In addition, they give you a customer discount (0.25%-0.50%), the repayment term extends up to 5 years and you can receive the funds the same day of approval.
US Bank
We have mentioned this bank a lot because its conditions are among the most favorable. The fixed APR starts at 8.74%, the repayment time is up to 7 years and if you are a customer you can borrow from $1,000 to $50,000 (maximum $25,000 for non-customers).
The most attractive aspect of US Bank's loans is that they do not charge origination or prepayment fees. Although you are required to have a 660+ score, having it does not guarantee approval.
Wells Fargo
This financial institution is one of the most solid for several reasons. If you want to get a personal loan in Arkansas with them, they offer you an amount ranging from $3,000 to $100,000, a term of 1-7 years and a fixed APR starting at 7.49%.
The highlights are the discount for qualified Wells Fargo customers and the ability to receive the funds the same or next business day. There are no closing costs, no origination and no penalties for paying early.
Getting personal loans in Arkansas can be very easy with the right credentials. On the other hand, if you are looking for financing in another state, you can check out Busconomico's database to compare the best in the market.
Español: Préstamos personales en Arkansas en español