Palm Valley at a glance
- Population: about 1,358 residents, ranking 719th of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 1,410 (US Census Bureau).
- 2020 to 2023 change: about 3.7% lower than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 719th largest of 1,224 (US Census Bureau).
- Size percentile: about 41% of places in Texas are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 26.2044, -97.7543.
- Nearest larger cities within 120 miles: Primera, TX (1 mi); Combes, TX (3 mi); Harlingen, TX (4 mi); La Feria, TX (6 mi); Santa Rosa, TX (6 mi) (US Census Bureau).
- Nearest smaller communities: Los Indios, TX (11 mi); Progreso Lakes, TX (16 mi); Indian Lake, TX (18 mi), each a US Census place.
What a personal loan costs in Palm Valley
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Palm Valley
The table carries the Texas rate and licensing rules that apply to consumer loans made in Palm Valley.
| 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 Palm Valley
Before you commit to a personal loan in Palm Valley, 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.