Miles at a glance
- Population: a Census-estimated 923, placing it 827th among Texas's 1,224 places (Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 873 (US Census Bureau).
- 2020 to 2023 change: up about 5.7% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 827th out of 1,224 Census places (US Census Bureau).
- Size percentile: larger than about 32% of the Census places in Texas (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 31.6006, -100.1853.
- Nearest larger cities: Ballinger, TX (17 mi); San Angelo, TX (19 mi); Bronte, TX (21 mi); Robert Lee, TX (27 mi); Winters, TX (27 mi) (Census populations, approximate straight-line distance).
- Nearest smaller places: Paint Rock, TX (17 mi); Blackwell, TX (34 mi); Novice, TX (42 mi) (US Census Bureau estimates).
What a personal loan costs in Miles
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
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 Miles
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Miles.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Miles
Before you commit to a personal loan in Miles, work through these steps:
- 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.