Kemp at a glance
- Population: 1,348, the 721st-largest community in Texas out of 1,224 (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,134 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population rose about 18.9% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Texas places: 721st of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 41% of Texas places in population terms (US Census Bureau).
- Coordinates: 32.4374 / -96.2260, per the US Census Bureau Gazetteer.
- Nearest larger cities: Seven Points, TX (7 mi); Mabank, TX (8 mi); Gun Barrel City, TX (9 mi); Kaufman, TX (11 mi); Tool, TX (11 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Grays Prairie, TX (8 mi); Oak Grove, TX (9 mi); Cottonwood, TX (10 mi) — US Census Bureau populations.
What a personal loan costs in Kemp
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Texas lending rules that apply in Kemp
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 Kemp
The steps below are worth completing first when you borrow in Kemp:
- 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.