Blooming Grove at a glance
- Population: about 870 residents, ranking 842nd of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 857 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up about 1.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 842nd largest of 1,224 (US Census Bureau).
- Size percentile: roughly 31% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: 32.0924, -96.7173 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Italy, TX (12 mi); Corsicana, TX (15 mi); Rice, TX (16 mi); Ennis, TX (17 mi); Hubbard, TX (18 mi) (US Census Bureau).
- Nearest smaller places: Barry, TX (5 mi); Frost, TX (5 mi); Emhouse, TX (9 mi) (US Census Bureau estimates).
What a personal loan costs in Blooming Grove
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.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Blooming Grove
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Blooming Grove.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Texas 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 status | Legal 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 licensing | License 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 Blooming Grove
Before you share your details with a lender in Blooming Grove:
- 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 Texas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.