Borger at a glance
- Population: 12,115 — 217th in Texas, which has 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 12,552 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 3.5% lower than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 217th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 82% of Texas places in population terms (US Census Bureau).
- Coordinates: 35.6594 / -101.4024, per the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Pampa, TX (26 mi); Dumas, TX (35 mi); Amarillo, TX (40 mi); Canyon, TX (55 mi); Guymon, OK (71 mi) (US Census Bureau populations).
- Smaller towns nearby: Sanford, TX (8 mi); Fritch, TX (11 mi); Stinnett, TX (12 mi) (US Census Bureau).
What a personal loan costs in Borger
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 APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Texas lending rules that apply in Borger
The Texas rate caps and licensing rules that reach Borger are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Borger
A few practical steps will make the process in Borger less costly:
- 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.