Caddo Mills at a glance
- Population: 4,183 people, the 414th-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,498 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 179.2% growth over the 2020 Census base (US Census Bureau).
- Rank among Texas places: 414th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 66% of the places in Texas (US Census Bureau).
- Coordinates: latitude 33.0745, longitude -96.2269 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Josephine, TX (5 mi); Greenville, TX (7 mi); Royse City, TX (9 mi); Lavon, TX (12 mi); Fate, TX (13 mi) (US Census Bureau populations).
- Nearest smaller places: Nevada, TX (9 mi); Union Valley, TX (9 mi); Farmersville, TX (10 mi) (US Census Bureau estimates).
What a personal loan costs in Caddo Mills
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
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 Caddo Mills
The Texas rate caps and licensing rules that reach Caddo Mills are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Caddo Mills
A few practical steps will make the process in Caddo Mills less costly:
- 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.