Gallatin at a glance
- Population: 340 residents, the 1,069th-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 322 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: an increase of about 5.6% since the 2020 count (US Census Bureau).
- Rank among Texas places: 1,069th by size among 1,224 communities (US Census Bureau).
- Size percentile: ahead of around 13% of Texas places in population terms (US Census Bureau).
- Coordinates: 31.8969 / -95.1521, per the US Census Bureau Gazetteer.
- Nearest larger cities: New Summerfield, TX (6 mi); Rusk, TX (7 mi); Jacksonville, TX (8 mi); Reklaw, TX (10 mi); Troup, TX (17 mi); US Census Bureau population estimates.
- Nearest smaller places: Cuney, TX (18 mi); Coffee City, TX (25 mi); Poynor, TX (29 mi) (US Census Bureau estimates).
What a personal loan costs in Gallatin
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Gallatin
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Gallatin
Here is a short checklist for comparing personal loans in Gallatin:
- 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.