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Personal loans in Leroy, TX

A personal loan in Leroy is a fixed-term installment product, and the price a lender offers you is driven by your credit profile, income and existing debts. The Census counts about 360 residents in Leroy, ranking it 1,054th among the 1,224 places in Texas. Texas sets the rate caps and licensing rules a lender must follow here, and the sourced table below lists them.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Leroy at a glance

  • Population: about 360 residents, ranking 1,054th of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
  • 2020 Census base: 358 people (US Census Bureau, 2020 Census count).
  • 2020 to 2023 change: roughly 0.6% higher than at the 2020 Census (US Census Bureau).
  • Rank among Texas places: 1,054th of 1,224 by population (US Census Bureau, Vintage 2023).
  • Size percentile: about 14% of places in Texas are smaller (US Census Bureau).
  • Coordinates: 31.7324, -97.0217 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities (within 120 miles): West, TX (6 mi); Lacy-Lakeview, TX (9 mi); Bellmead, TX (10 mi); Abbott, TX (11 mi); Gholson, TX (13 mi) (US Census Bureau populations).
  • Nearest smaller places: Ross, TX (5 mi); Mount Calm, TX (8 mi); Penelope, TX (10 mi) (US Census Bureau estimates).

What a personal loan costs in Leroy

Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.

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.

Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.

Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.

Texas lending rules that apply in Leroy

The table carries the Texas rate and licensing rules that apply to consumer loans made in Leroy.

RuleDetailSource
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 statusLegal 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 licensingLicense 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 regulatorTexas 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 Leroy

Before you share your details with a lender in Leroy:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Texas using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Leroy?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Leroy are the same as elsewhere in Texas.
How much can I borrow with a personal loan in Leroy?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Leroy require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Leroy hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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