Silverton at a glance
- Population: 629 people, the 927th-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 626 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up roughly 0.5% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Texas places: 927th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 24% of Texas's Census places by population (US Census Bureau).
- Coordinates: latitude 34.4714, longitude -101.3040 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Lockney, TX (25 mi); Tulia, TX (27 mi); Plainview, TX (31 mi); Floydada, TX (34 mi); Clarendon, TX (40 mi) (US Census Bureau populations).
- Smaller places close by: Quitaque, TX (16 mi); Turkey, TX (24 mi); Kress, TX (26 mi) (US Census Bureau).
What a personal loan costs in Silverton
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
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.
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.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Texas lending rules that apply in Silverton
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Silverton.
| 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 Silverton
The order below is a sensible way to approach a loan in Silverton:
- 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.