Joaquin at a glance
- Population: roughly 736 people; 893rd of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 731 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: an increase of about 0.7% since the 2020 count (US Census Bureau).
- Rank among Texas places: 893rd out of 1,224 Census places (US Census Bureau).
- Size percentile: about 27% of places in Texas are smaller (US Census Bureau).
- Coordinates: mapped at 31.9656, -94.0484 by the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Logansport, LA (3 mi); Tenaha, TX (12 mi); Center, TX (14 mi); Timpson, TX (21 mi); Mansfield, LA (21 mi) (US Census Bureau populations).
- Nearest smaller places: Stanley, LA (8 mi); Longstreet, LA (11 mi); Keachi, LA (16 mi) (US Census Bureau estimates).
What a personal loan costs in Joaquin
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
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.
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.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Texas lending rules that apply in Joaquin
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Joaquin
The order below is a sensible way to approach a loan in Joaquin:
- 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.