Aledo at a glance
- Population: the Census estimates 6,287 residents, ranking 327th of 1,224 places in Texas (Vintage 2023).
- 2020 Census base: 4,857 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up roughly 29.4% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Texas places: 327th of the state's 1,224 Census places (US Census Bureau).
- Size percentile: larger than about 73% of the Census places in Texas (US Census Bureau).
- Coordinates: latitude 32.6983, longitude -97.6084 (US Census Bureau Gazetteer).
- Nearest larger cities: Willow Park, TX (5 mi); Benbrook, TX (9 mi); White Settlement, TX (9 mi); Weatherford, TX (10 mi); River Oaks, TX (13 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Annetta South, TX (2 mi); Annetta North, TX (2 mi); Annetta, TX (4 mi) (Census populations).
What a personal loan costs in Aledo
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Aledo
Each row below is a Texas rule with its publisher and the date it was retrieved.
| 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 Aledo
Here is a short checklist for comparing personal loans in Aledo:
- 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.