Reno at a glance
- Population: roughly 3,489 people; 455th of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 2,863 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 21.9% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Texas places: 455th largest of 1,224 (US Census Bureau).
- Size percentile: roughly 63% of Texas's places have fewer residents (US Census Bureau).
- Coordinates: latitude 32.9488, longitude -97.5660 (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Azle, TX (4 mi); Springtown, TX (7 mi); Lake Worth, TX (12 mi); Saginaw, TX (13 mi); Haslet, TX (13 mi) (US Census Bureau).
- Smaller places close by: Sanctuary, TX (3 mi); Pelican Bay, TX (3 mi); Newark, TX (6 mi) (US Census Bureau).
What a personal loan costs in Reno
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Texas lending rules that apply in Reno
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Reno.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Reno
A few practical steps will make the process in Reno 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.