West Tawakoni at a glance
- Population: 2,072 — 589th in Texas, which has 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,896 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: an increase of about 9.3% since the 2020 count (US Census Bureau).
- Rank among Texas places: 589th-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 52% of places in Texas are smaller (US Census Bureau).
- Coordinates: 32.8996, -96.0359 (US Census Bureau Gazetteer).
- Nearest larger cities: Wills Point, TX (13 mi); Greenville, TX (15 mi); Caddo Mills, TX (16 mi); Royse City, TX (17 mi); Terrell, TX (19 mi); US Census Bureau population estimates.
- Smaller places nearby: Hawk Cove, TX (3 mi); Quinlan, TX (6 mi); East Tawakoni, TX (6 mi), per US Census Bureau estimates.
What a personal loan costs in West Tawakoni
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total 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.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Texas lending rules that apply in West Tawakoni
The Texas rate caps and licensing rules that reach West Tawakoni are listed below, each with its source and retrieval date.
| 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 West Tawakoni
Before you commit to a personal loan in West Tawakoni, work through these steps:
- 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.