Collinsville at a glance
- Population: about 2,023 residents, ranking 597th of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 1,867 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up roughly 8.4% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Texas places: 597th by size among 1,224 communities (US Census Bureau).
- Size percentile: roughly 51% of Texas's places have fewer residents (US Census Bureau).
- Coordinates: it sits at 33.5594, -96.9072 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Whitesboro, TX (7 mi); Gunter, TX (11 mi); Pilot Point, TX (11 mi); Gainesville, TX (15 mi); Sherman, TX (17 mi) (US Census Bureau).
- Nearest smaller communities: Tioga, TX (6 mi); Sadler, TX (9 mi); Oak Ridge, TX (10 mi) (Census populations).
What a personal loan costs in Collinsville
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.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Texas lending rules that apply in Collinsville
Read the table as the compliance picture for a lender serving Collinsville: label, sourced figure, publisher and date.
| 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 Collinsville
The order below is a sensible way to approach a loan in Collinsville:
- 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.