Peaster at a glance
- Population: roughly 615 people; 932nd of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 558 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 10.2% growth over the 2020 Census base (US Census Bureau).
- Rank among Texas places: the 932nd-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 24% of the Census places in Texas (US Census Bureau).
- Coordinates: 32.8533, -97.8722 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Weatherford, TX (9 mi); Mineral Wells, TX (12 mi); Hudson Oaks, TX (12 mi); Springtown, TX (14 mi); Willow Park, TX (15 mi) (US Census Bureau).
- Nearest smaller places: Cool, TX (9 mi); Millsap, TX (11 mi); Annetta North, TX (17 mi) (US Census Bureau estimates).
What a personal loan costs in Peaster
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Texas lending rules that apply in Peaster
The table lists the Texas rules that apply to a loan made in Peaster, 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 Peaster
The steps below are worth completing first when you borrow in Peaster:
- 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.