Brady at a glance
- Population: roughly 4,965 people; 379th of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 5,115 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: down about 2.9% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 379th of the state's 1,224 Census places (US Census Bureau).
- Size percentile: roughly 69% of Texas's places have fewer residents (US Census Bureau).
- Coordinates: 31.1154, -99.3459 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Brownwood, TX (47 mi); Fredericksburg, TX (65 mi); Granite Shoals, TX (69 mi); Lampasas, TX (69 mi); San Angelo, TX (69 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Melvin, TX (15 mi); Richland Springs, TX (26 mi); Mason, TX (26 mi) — US Census Bureau populations.
What a personal loan costs in Brady
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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 useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Texas lending rules that apply in Brady
The table carries the Texas rate and licensing rules that apply to consumer loans made in Brady.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Brady
The order below is a sensible way to approach a loan in Brady:
- 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.