Mineral Wells at a glance
- Population: roughly 15,454 people; 188th of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 14,813 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up about 4.3% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 188th out of 1,224 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 85% of Texas's Census places by population (US Census Bureau).
- Coordinates: mapped at 32.8235, -98.0788 by the US Census Bureau Gazetteer.
- Nearest larger cities: Weatherford, TX (18 mi); White Settlement, TX (36 mi); Benbrook, TX (37 mi); Saginaw, TX (42 mi); Fort Worth, TX (43 mi); US Census Bureau population estimates.
- Smaller towns nearby: Cool, TX (4 mi); Millsap, TX (6 mi); Peaster, TX (12 mi) (US Census Bureau).
What a personal loan costs in Mineral Wells
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Texas lending rules that apply in Mineral Wells
The table lists the Texas rules that apply to a loan made in Mineral Wells, each with the regulator that published it.
| 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 Mineral Wells
The order below is a sensible way to approach a loan in Mineral Wells:
- 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.