McLean at a glance
- Population: 648 (US Census Bureau, Vintage 2023 subcounty estimate), the 922nd-largest of 1,224 places in Texas.
- 2020 Census base: 664 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a loss of about 2.4% since the 2020 count (US Census Bureau).
- Rank among Texas places: 922nd of the state's 1,224 Census places (US Census Bureau).
- Size percentile: roughly 25% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: it sits at 35.2323, -100.6001 in the US Census Bureau Gazetteer.
- Nearest larger cities: Shamrock, TX (20 mi); Wheeler, TX (23 mi); Clarendon, TX (26 mi); Pampa, TX (30 mi); Wellington, TX (34 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Lefors, TX (18 mi); Howardwick, TX (22 mi); Mobeetie, TX (23 mi), each a US Census place.
What a personal loan costs in McLean
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
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 McLean
Read the table as the compliance picture for a lender serving McLean: label, sourced figure, publisher and date.
| 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 McLean
Here is a short checklist for comparing personal loans in McLean:
- 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.