Kerens at a glance
- Population: a Census-estimated 1,495, placing it 688th among Texas's 1,224 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 1,504 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 0.6% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Texas places: 688th of the state's 1,224 Census places (US Census Bureau).
- Size percentile: about 44% of places in Texas are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 32.1312, -96.2257.
- Nearest larger cities within 120 miles: Tool, TX (11 mi); Malakoff, TX (12 mi); Corsicana, TX (15 mi); Gun Barrel City, TX (15 mi); Mabank, TX (18 mi) (US Census Bureau).
- Nearest smaller communities: Goodlow, TX (2 mi); Powell, TX (6 mi); Trinidad, TX (7 mi) (Census populations).
What a personal loan costs in Kerens
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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.
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.
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 Kerens
The table lists the Texas rules that apply to a loan made in Kerens, each with the regulator that published it.
| 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 Kerens
The order below is a sensible way to approach a loan in Kerens:
- 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.