Lucas at a glance
- Population: a Census-estimated 8,642, placing it 274th among Texas's 1,224 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 7,607 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: an increase of about 13.6% since the 2020 count (US Census Bureau).
- Rank among Texas places: 274th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 78% of places in Texas are smaller (US Census Bureau).
- Coordinates: 33.1010, -96.5812 (US Census Bureau Gazetteer).
- Nearest larger cities: Fairview, TX (3 mi); Allen, TX (5 mi); Wylie, TX (6 mi); Murphy, TX (6 mi); Princeton, TX (7 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Parker, TX (4 mi); St. Paul, TX (4 mi); Lowry Crossing, TX (5 mi) (US Census Bureau estimates).
What a personal loan costs in Lucas
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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 Lucas
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Lucas.
| 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 Lucas
A few practical steps will make the process in Lucas less costly:
- 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.