Wilmer at a glance
- Population: about 6,385 residents, ranking 324th of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 5,433 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population rose about 17.5% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Texas places: 324th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 74% of Texas places in population terms (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 32.5990, -96.6816.
- Nearest larger cities (120-mile radius): Lancaster, TX (5 mi); Red Oak, TX (9 mi); Balch Springs, TX (9 mi); Seagoville, TX (9 mi); DeSoto, TX (11 mi) (US Census Bureau).
- Smaller places close by: Hutchins, TX (3 mi); Ferris, TX (4 mi); Pecan Hill, TX (9 mi) (US Census Bureau).
What a personal loan costs in Wilmer
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Texas lending rules that apply in Wilmer
The table carries the Texas rate and licensing rules that apply to consumer loans made in Wilmer.
| 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 Wilmer
Before you share your details with a lender in Wilmer:
- 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.