Gun Barrel City at a glance
- Population: 6,824 residents, the 313th-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 6,186 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: up about 10.3% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 313th largest of 1,224 (US Census Bureau).
- Size percentile: roughly 74% of Texas's places have fewer residents (US Census Bureau).
- Coordinates: mapped at 32.3282, -96.1318 by the US Census Bureau Gazetteer.
- Nearest larger cities: Athens, TX (20 mi); Kaufman, TX (20 mi); Corsicana, TX (26 mi); Terrell, TX (29 mi); Ennis, TX (29 mi), each a US Census place with its estimated population.
- Smaller places nearby: Mabank, TX (3 mi); Tool, TX (4 mi); Enchanted Oaks, TX (4 mi), per US Census Bureau estimates.
What a personal loan costs in Gun Barrel City
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Texas lending rules that apply in Gun Barrel City
The Texas rate caps and licensing rules that reach Gun Barrel City 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 Gun Barrel City
Run through this list before signing anything in Gun Barrel City:
- 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.