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Personal loans in Mabank, TX

Taking out a personal loan in Mabank means a fixed monthly payment for a set term, and the APR you are quoted rests on your credit, income and debts. At about 6,396 residents, Mabank is the 323rd-largest of the 1,224 Census places in Texas. The rate caps and licensing requirements that apply to a lender in Texas are set out in the sourced table below.

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

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Mabank at a glance

  • Population: 6,396 people, the 323rd-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 4,067 people (US Census Bureau, 2020 Census count).
  • 2020 to 2023 change: roughly 57.3% higher than at the 2020 Census (US Census Bureau).
  • Rank among Texas places: 323rd largest of 1,224 (US Census Bureau).
  • Size percentile: roughly 74% of places in Texas rank below it by population (US Census Bureau).
  • Coordinates: 32.3719 / -96.1095, per the US Census Bureau Gazetteer.
  • Nearest larger cities: Gun Barrel City, TX (3 mi); Kaufman, TX (19 mi); Athens, TX (20 mi); Terrell, TX (27 mi); Corsicana, TX (29 mi); each population is a US Census Bureau estimate.
  • Smaller towns nearby: Payne Springs, TX (7 mi); Eustace, TX (7 mi); Enchanted Oaks, TX (7 mi) (US Census Bureau).

What a personal loan costs in Mabank

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

Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.

A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.

Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.

Texas lending rules that apply in Mabank

The Texas rate caps and licensing rules that reach Mabank are listed below, each with its source and retrieval date.

RuleDetailSource
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
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

How to compare offers in Mabank

The order below is a sensible way to approach a loan in Mabank:

  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 Mabank?
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 Mabank are the same as elsewhere in Texas.
How much can I borrow with a personal loan in Mabank?
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 Mabank 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 Mabank 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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