Personalloaned Compare rates

TX · city page

Personal loans in Big Spring, TX

Taking out a personal loan in Big Spring means a fixed monthly payment for a set term, and the APR you are quoted rests on your credit, income and debts. Census data place Big Spring's population near 22,373, the 140th-largest among Texas's 1,224 Census places. The rate caps and licensing requirements that apply to a lender in Texas are set out in the sourced table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

Compare rates Run the numbers first

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Big Spring at a glance

  • Population: roughly 22,373 people; 140th of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
  • 2020 Census base: 26,310 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: about 15.0% below the 2020 Census base (US Census Bureau).
  • Rank among Texas places: 140th-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
  • Size percentile: roughly 89% of Texas's places have fewer residents (US Census Bureau).
  • Coordinates: 32.2383, -101.4857 (US Census Bureau Gazetteer).
  • Nearest larger cities (within 120 miles): Midland, TX (40 mi); Odessa, TX (56 mi); San Angelo, TX (82 mi); Lubbock, TX (94 mi); Abilene, TX (103 mi) (US Census Bureau populations).
  • Nearest smaller towns: Coahoma, TX (11 mi); Forsan, TX (11 mi); Stanton, TX (19 mi) (US Census Bureau).

What a personal loan costs in Big Spring

The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.

The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.

Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.

Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.

Texas lending rules that apply in Big Spring

The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Big Spring.

RuleDetailSource
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
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

How to compare offers in Big Spring

Here is a short checklist for comparing personal loans in Big Spring:

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

Related