McLendon-Chisholm at a glance
- Population: 4,954 residents, the 380th-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 3,563 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 39.0% more residents than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 380th by size among 1,224 communities (US Census Bureau).
- Size percentile: about 69% of Texas's Census places are smaller (US Census Bureau).
- Coordinates: 32.8471 latitude, -96.3912 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Heath, TX (4 mi); Rockwall, TX (6 mi); Fate, TX (7 mi); Forney, TX (8 mi); Royse City, TX (10 mi), each a US Census place with its estimated population.
- Smaller towns nearby: Mobile City, TX (5 mi); Poetry, TX (8 mi); Talty, TX (11 mi) (US Census Bureau).
What a personal loan costs in McLendon-Chisholm
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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 McLendon-Chisholm
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 McLendon-Chisholm
Here is a short checklist for comparing personal loans in McLendon-Chisholm:
- 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.