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Personal loans in Addison, TX

Borrowers in Addison use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. The Census puts Addison at about 17,100 residents, the 171st-largest of 1,224 places in Texas. Texas 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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Addison at a glance

  • Population: the Census estimates 17,100 residents, ranking 171st of 1,224 places in Texas (Vintage 2023).
  • 2020 Census base: 17,087 people (US Census Bureau, 2020 Census count).
  • 2020 to 2023 change: about 0.1% growth over the 2020 Census base (US Census Bureau).
  • Rank among Texas places: 171st largest of 1,224 (US Census Bureau).
  • Size percentile: about 86% of Texas's Census places are smaller (US Census Bureau).
  • Coordinates: 32.9637 / -96.8338, per the US Census Bureau Gazetteer.
  • Nearest larger cities (120-mile radius): Farmers Branch, TX (4 mi); Carrollton, TX (4 mi); Richardson, TX (7 mi); Plano, TX (8 mi); University Park, TX (8 mi) (US Census Bureau).
  • Smaller towns nearby: Hebron, TX (6 mi); Highland Park, TX (9 mi); Hackberry, TX (14 mi) (US Census Bureau).

What a personal loan costs in Addison

A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.

Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.

Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.

Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.

Texas lending rules that apply in Addison

The table carries the Texas rate and licensing rules that apply to consumer loans made in Addison.

RuleDetailSource
Payday lending statusLegal via licensed credit access businesses (payday/title-loan brokers); the third-party lender itself is not licensed (Tex. Fin. Code ch. 393)
Source says: the credit access business that serves as the broker is the licensee in this regulated industry		Texas Office of Consumer Credit Commissioner (OCCC)
as of 2026-09-16
Small-loan / installment lender licensingLicense required for non-depository lenders charging more than 10% interest; Chapter 342 governs consumer loans (Tex. Fin. Code § 342.051)
Source says: Non-depository lenders who engage in making, transacting, or collecting loans with a rate of interest greater than 10% must be licensed by the OCCC.		Texas Office of Consumer Credit Commissioner (OCCC)
as of 2026-09-16
State lending regulatorTexas Office of Consumer Credit Commissioner (OCCC)
Source says: The OCCC licenses and regulates non-depository lenders in the state of Texas.		Texas Office of Consumer Credit Commissioner (OCCC)
as of 2026-09-16
Maximum legal interest rate (usury cap)10% per year maximum; a greater rate is usurious unless otherwise provided by law (Tex. Fin. Code § 302.001)
Source says: The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law.		Texas Legislature (Texas Constitution and Statutes)
as of 2026-09-16

How to compare offers in Addison

Before you commit to a personal loan in Addison, work through these steps:

  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 Texas 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 Addison?
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 Addison are the same as elsewhere in Texas.
How much can I borrow with a personal loan in Addison?
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 Addison 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 Addison 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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