Troup at a glance
- Population: 2,107 people, the 584th-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,003 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population rose about 5.2% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Texas places: 584th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 52% of Texas's Census places by population (US Census Bureau).
- Coordinates: 32.1458 latitude, -95.1226 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Whitehouse, TX (8 mi); Bullard, TX (11 mi); Overton, TX (13 mi); Jacksonville, TX (15 mi); Tyler, TX (16 mi) (US Census Bureau).
- Nearest smaller communities: Arp, TX (7 mi); New Chapel Hill, TX (11 mi); New Summerfield, TX (11 mi) (Census populations).
What a personal loan costs in Troup
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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 Troup
Each row below is a Texas rule with its publisher and the date it was retrieved.
| 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 Troup
The steps below are worth completing first when you borrow in Troup:
- 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.