Gruver at a glance
- Population: roughly 1,083 people; 778th of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,134 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: down roughly 4.5% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Texas places: 778th out of 1,224 Census places (US Census Bureau).
- Size percentile: ahead of around 36% of Texas places in population terms (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 36.2605, -101.4071.
- Nearest larger cities: Spearman, TX (13 mi); Sunray, TX (29 mi); Guymon, OK (30 mi); Stinnett, TX (30 mi); Perryton, TX (35 mi); each population is a US Census Bureau estimate.
- Smaller places nearby: Goodwell, OK (26 mi); Texhoma, TX (27 mi); Texhoma, OK (27 mi), per US Census Bureau estimates.
What a personal loan costs in Gruver
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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 Gruver
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Gruver
The order below is a sensible way to approach a loan in Gruver:
- 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.