Lubbock at a glance
- Population: 266,878 — 10th in Texas, which has 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 257,179 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: an increase of about 3.8% since the 2020 count (US Census Bureau).
- Rank among Texas places: the 10th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 99% of Texas's places have fewer residents (US Census Bureau).
- Coordinates: 33.5619 / -101.8889, per the US Census Bureau Gazetteer.
- Nearest larger cities: there is no larger Census place within 120 miles.
- Nearest smaller communities: Wolfforth, TX (8 mi); Shallowater, TX (11 mi); Buffalo Springs Lake, TX (11 mi), each a US Census place.
What a personal loan costs in Lubbock
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Texas lending rules that apply in Lubbock
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Lubbock.
| 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 Lubbock
Before you share your details with a lender in Lubbock:
- 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.