Canton at a glance
- Population: 4,734 (US Census Bureau, Vintage 2023 subcounty estimate), the 386th-largest of 1,224 places in Texas.
- 2020 Census base: 4,246 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: up about 11.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 386th largest of 1,224 (US Census Bureau).
- Size percentile: about 68% of Texas's Census places are smaller (US Census Bureau).
- Coordinates: 32.5542 latitude, -95.8635 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Mabank, TX (19 mi); Gun Barrel City, TX (22 mi); Mineola, TX (23 mi); Athens, TX (24 mi); Kaufman, TX (26 mi) (US Census Bureau).
- Smaller places close by: Edgewood, TX (9 mi); Fruitvale, TX (10 mi); Grand Saline, TX (12 mi) (US Census Bureau).
What a personal loan costs in Canton
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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 Canton
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Canton.
| 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 Canton
The steps below are worth completing first when you borrow in Canton:
- 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.