Ovilla at a glance
- Population: 4,709, the 387th-largest community in Texas out of 1,224 (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 4,294 residents here (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 9.7% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Texas places: the 387th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: about 68% of places in Texas are smaller (US Census Bureau).
- Coordinates: it sits at 32.5413, -96.8835 in the US Census Bureau Gazetteer.
- Nearest larger cities: Glenn Heights, TX (2 mi); DeSoto, TX (4 mi); Cedar Hill, TX (5 mi); Red Oak, TX (6 mi); Lancaster, TX (7 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Oak Leaf, TX (2 mi); Pecan Hill, TX (7 mi); Ferris, TX (12 mi) (Census populations).
What a personal loan costs in Ovilla
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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 Ovilla
The Texas rate caps and licensing rules that reach Ovilla are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Ovilla
A few practical steps will make the process in Ovilla less costly:
- 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.