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Personal loans in Carbon, TX

In Carbon, a personal loan turns a one-time expense into predictable monthly payments, and the rate you get depends on your credit, income and debts. With roughly 287 people, Carbon ranks 1,097th of 1,224 Census places in Texas. Lenders in Texas work under state rate caps and licensing rules, each listed with its publisher in the table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Carbon at a glance

  • Population: 287 — 1,097th in Texas, which has 1,224 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: the 2020 count put the population at 278 (US Census Bureau).
  • 2020 to 2023 change: up about 3.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Texas places: 1,097th of the state's 1,224 Census places (US Census Bureau).
  • Size percentile: roughly 10% of Texas's places have fewer residents (US Census Bureau).
  • Coordinates: 32.2684 / -98.8272, per the US Census Bureau Gazetteer.
  • Nearest larger cities within 120 miles: Eastland, TX (9 mi); Gorman, TX (10 mi); Cisco, TX (12 mi); Rising Star, TX (14 mi); Ranger, TX (16 mi) (US Census Bureau).
  • Nearest smaller communities: Putnam, TX (23 mi); Moran, TX (28 mi); Mingus, TX (30 mi), each a US Census place.

What a personal loan costs in Carbon

Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.

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.

Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.

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 Carbon

The table lists the Texas rules that apply to a loan made in Carbon, each with the regulator that published it.

RuleDetailSource
State lending regulatorTexas 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 statusLegal 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 licensingLicense 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

How to compare offers in Carbon

Here is a short checklist for comparing personal loans in Carbon:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Texas using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Carbon?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Carbon are the same as elsewhere in Texas.
How much can I borrow with a personal loan in Carbon?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Carbon require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Carbon hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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