Arkansas Cash Loans

State Law

Arkansas state law prohibits payday loans with interest rates in the triple digits. If there is check holding, single payment loans by check cashers are permitted. Lenders are only allowed to issue one loan at a time. Borrowers are allowed to obtain two separate cash advance loans within 72 hours. Lenders may only bring criminal action against a borrower if a stop payment is made on the check or if it is returned due to a closed account.

Maximum Loan

$400 is the maximum payday advance loan allowed by law. Loan Terms Loan terms vary, but range from 6 to 31 days.


Arkansas law does not permit extensions or rollovers for either new loans or consolidations.

Fee Limits

Finance fees cannot exceed 10% of the amount borrowed plus a $10 fee.

Arkansas Cash Loan Debate

If you feel a payday lender is operating unfairly or engaging in illegal collection practices, you can contact your Arkansas Attorney General:

Consumer Protection Division
323 Center St. - Suite 500
Little Rock, AR, 72201