Hillsboro at a glance
- Population: 8,703 residents, the 270th-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 8,190 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up roughly 6.3% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Texas places: 270th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 78% of Texas's Census places are smaller (US Census Bureau).
- Coordinates: 32.0078 latitude, -97.1157 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Bellmead, TX (28 mi); Cleburne, TX (30 mi); Waco, TX (31 mi); Waxahachie, TX (32 mi); Midlothian, TX (33 mi) (US Census Bureau).
- Nearest smaller towns: Carl's Corner, TX (6 mi); Bynum, TX (7 mi); Abbott, TX (9 mi) (US Census Bureau).
What a personal loan costs in Hillsboro
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Texas lending rules that apply in Hillsboro
Read the table as the compliance picture for a lender serving Hillsboro: 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 Hillsboro
The steps below are worth completing first when you borrow in Hillsboro:
- 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.