Murchison at a glance
- Population: 524 (US Census Bureau, Vintage 2023 subcounty estimate), the 966th-largest of 1,224 places in Texas.
- 2020 Census base: 518 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 1.2% growth over the 2020 Census base (US Census Bureau).
- Rank among Texas places: the 966th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: it exceeds roughly 21% of Texas's Census places by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 32.2752, -95.7561.
- Nearest larger cities (within 120 miles): Athens, TX (7 mi); Brownsboro, TX (9 mi); Eustace, TX (15 mi); Log Cabin, TX (16 mi); Chandler, TX (17 mi) (US Census Bureau populations).
- Smaller places nearby: Edom, TX (11 mi); Moore Station, TX (12 mi); Poynor, TX (17 mi), per US Census Bureau estimates.
What a personal loan costs in Murchison
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
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.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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 Murchison
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Murchison.
| 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 Murchison
Before you commit to a personal loan in Murchison, 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.