Terrell at a glance
- Population: 21,480 residents, the 144th-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 17,481 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 22.9% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Texas places: 144th-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 88% of Texas's Census places are smaller (US Census Bureau).
- Coordinates: 32.7258 / -96.2980, per the US Census Bureau Gazetteer.
- Nearest larger cities: Forney, TX (9 mi); Rockwall, TX (16 mi); Fate, TX (16 mi); Mesquite, TX (17 mi); Royse City, TX (17 mi); US Census Bureau population estimates.
- Nearest smaller places: Talty, TX (6 mi); Post Oak Bend, TX (7 mi); Oak Ridge, TX (7 mi) (US Census Bureau estimates).
What a personal loan costs in Terrell
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
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.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Terrell
The Texas rate caps and licensing rules that reach Terrell are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Terrell
Here is a short checklist for comparing personal loans in Terrell:
- 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.