Byers at a glance
- Population: 472 — 991st in Texas, which has 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 448 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: up roughly 5.4% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Texas places: 991st in population of 1,224 places (US Census Bureau).
- Size percentile: it is larger than about 19% of the places in Texas (US Census Bureau).
- Coordinates: it sits at 34.0692, -98.1909 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Petrolia, TX (5 mi); Waurika, OK (12 mi); Ryan, OK (14 mi); Temple, OK (14 mi); Dean, TX (16 mi) (US Census Bureau).
- Nearest smaller towns: Hastings, OK (12 mi); Sugden, OK (12 mi); Jolly, TX (16 mi) (US Census Bureau).
What a personal loan costs in Byers
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 is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Texas lending rules that apply in Byers
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Byers.
| 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 Byers
The steps below are worth completing first when you borrow in Byers:
- 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.