Crane at a glance
- Population: 3,362 residents, the 465th-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 3,476 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 3.3% below the 2020 Census base (US Census Bureau).
- Rank among Texas places: 465th largest of 1,224 (US Census Bureau).
- Size percentile: about 62% of places in Texas are smaller (US Census Bureau).
- Coordinates: 31.3918, -102.3503 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Odessa, TX (34 mi); Midland, TX (46 mi); Fort Stockton, TX (47 mi); Monahans, TX (47 mi); Kermit, TX (54 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: McCamey, TX (19 mi); Rankin, TX (27 mi); Grandfalls, TX (30 mi), each a US Census place.
What a personal loan costs in Crane
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
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.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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 Crane
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Crane
A few practical steps will make the process in Crane 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.