Providence Village at a glance
- Population: the Census estimates 9,154 residents, ranking 260th of 1,224 places in Texas (Vintage 2023).
- 2020 Census base: 7,690 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a gain of roughly 19.0% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Texas places: 260th-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 79% of the Census places in Texas (US Census Bureau).
- Coordinates: 33.2378, -96.9568 (US Census Bureau Gazetteer).
- Nearest larger cities: Little Elm, TX (4 mi); Prosper, TX (8 mi); Corinth, TX (9 mi); Frisco, TX (10 mi); The Colony, TX (11 mi) — straight-line distances, US Census Bureau populations.
- Smaller places close by: Cross Roads, TX (3 mi); Krugerville, TX (3 mi); Oak Point, TX (5 mi) (US Census Bureau).
What a personal loan costs in Providence Village
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.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Texas lending rules that apply in Providence Village
The Texas rate caps and licensing rules that reach Providence Village are listed below, each with its source and retrieval date.
| 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 Providence Village
A few practical steps will make the process in Providence Village 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.