Midlothian at a glance
- Population: 41,352, the 87th-largest community in Texas out of 1,224 (US Census Bureau, Vintage 2023).
- 2020 Census base: 35,131 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 17.7% growth over the 2020 Census base (US Census Bureau).
- Rank among Texas places: the 87th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 93% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: it sits at 32.4694, -96.9907 in the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Cedar Hill, TX (8 mi); Waxahachie, TX (10 mi); Mansfield, TX (10 mi); DeSoto, TX (12 mi); Grand Prairie, TX (15 mi) (US Census Bureau populations).
- Nearest smaller communities: Venus, TX (7 mi); Ovilla, TX (8 mi); Oak Leaf, TX (9 mi) (Census populations).
What a personal loan costs in Midlothian
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.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Texas lending rules that apply in Midlothian
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Midlothian.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Midlothian
The steps below are worth completing first when you borrow in Midlothian:
- 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.