Payne Springs at a glance
- Population: 752, the 886th-largest community in Texas out of 1,224 (US Census Bureau, Vintage 2023).
- 2020 Census base: 745 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: an increase of about 0.9% since the 2020 count (US Census Bureau).
- Rank among Texas places: 886th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 28% of places in Texas are smaller (US Census Bureau).
- Coordinates: 32.2803 latitude, -96.0744 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Eustace, TX (4 mi); Gun Barrel City, TX (5 mi); Log Cabin, TX (5 mi); Tool, TX (6 mi); Mabank, TX (7 mi) (US Census Bureau populations).
- Nearest smaller towns: Enchanted Oaks, TX (2 mi); Caney City, TX (5 mi); Star Harbor, TX (6 mi) (US Census Bureau).
What a personal loan costs in Payne Springs
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Texas lending rules that apply in Payne Springs
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Payne Springs
Before you share your details with a lender in Payne Springs:
- 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.