Point at a glance
- Population: 782 residents, the 875th-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 743 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 5.2% higher than at the 2020 Census (US Census Bureau).
- Rank among Texas places: 875th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 29% of Texas places in population terms (US Census Bureau).
- Coordinates: it sits at 32.9371, -95.8634 in the US Census Bureau Gazetteer.
- Nearest larger cities: East Tawakoni, TX (5 mi); Emory, TX (7 mi); West Tawakoni, TX (10 mi); Quinlan, TX (16 mi); Edgewood, TX (17 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: Lone Oak, TX (6 mi); Hawk Cove, TX (13 mi); Cumby, TX (14 mi) (US Census Bureau).
What a personal loan costs in Point
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 Point
The table carries the Texas rate and licensing rules that apply to consumer loans made in Point.
| 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 Point
Run through this list before signing anything in Point:
- 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.