Winona at a glance
- Population: 679 residents, the 913th-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 627 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: population rose about 8.3% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Texas places: the 913th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 25% of the Census places in Texas (US Census Bureau).
- Coordinates: it sits at 32.4926, -95.1774 in the US Census Bureau Gazetteer.
- Nearest larger cities: Hawkins, TX (7 mi); Big Sandy, TX (7 mi); Lindale, TX (13 mi); Gladewater, TX (14 mi); Tyler, TX (14 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: New Chapel Hill, TX (13 mi); Union Grove, TX (16 mi); Warren City, TX (16 mi) — US Census Bureau populations.
What a personal loan costs in Winona
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.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Texas lending rules that apply in Winona
The Texas rate caps and licensing rules that reach Winona are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Winona
Here is a short checklist for comparing personal loans in Winona:
- 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.