Wallis at a glance
- Population: 1,349 people, the 720th-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,297 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: roughly 4.0% higher than at the 2020 Census (US Census Bureau).
- Rank among Texas places: the 720th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 41% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 29.6320, -96.0635.
- Nearest larger cities: East Bernard, TX (7 mi); Weston Lakes, TX (8 mi); Sealy, TX (11 mi); Fulshear, TX (11 mi); Brookshire, TX (12 mi) (Census populations, approximate straight-line distance).
- Smaller towns nearby: Orchard, TX (6 mi); Simonton, TX (6 mi); South Frydek, TX (7 mi) (US Census Bureau).
What a personal loan costs in Wallis
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Texas lending rules that apply in Wallis
The table carries the Texas rate and licensing rules that apply to consumer loans made in Wallis.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Wallis
Here is a short checklist for comparing personal loans in Wallis:
- 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.