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Personal loans in Red Oak, TX

A personal loan in Red Oak is repaid in equal monthly installments over a fixed term, with the rate set from your credit history, income and debts. Red Oak has a Census-estimated population of 18,624, ranking 162nd among the 1,224 Census places in Texas. Every lender serving Texas must observe the state's rate caps and licensing rules, shown with their sources below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Red Oak at a glance

  • Population: 18,624 — 162nd in Texas, which has 1,224 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: the 2020 Census recorded 14,221 residents here (US Census Bureau).
  • 2020 to 2023 change: up roughly 31.0% across the 2020-to-2023 comparison (US Census Bureau).
  • Rank among Texas places: 162nd out of 1,224 Census places (US Census Bureau).
  • Size percentile: larger than about 87% of the Census places in Texas (US Census Bureau).
  • Coordinates: latitude 32.5096, longitude -96.7840 (US Census Bureau Gazetteer).
  • Nearest larger cities: Glenn Heights, TX (5 mi); Lancaster, TX (6 mi); DeSoto, TX (8 mi); Waxahachie, TX (8 mi); Cedar Hill, TX (11 mi); US Census Bureau population estimates.
  • Nearest smaller communities: Pecan Hill, TX (1 mi); Oak Leaf, TX (4 mi); Ovilla, TX (6 mi), each a US Census place.

What a personal loan costs in Red Oak

Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.

Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.

Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.

Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.

Texas lending rules that apply in Red Oak

Each row below is a Texas rule with its publisher and the date it was retrieved.

RuleDetailSource
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 statusLegal 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 licensingLicense 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 regulatorTexas 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 Red Oak

Before you commit to a personal loan in Red Oak, work through these steps:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Texas using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Red Oak?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Red Oak are the same as elsewhere in Texas.
How much can I borrow with a personal loan in Red Oak?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Red Oak require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Red Oak hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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