East Tawakoni at a glance
- Population: 899 people, the 832nd-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 805 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 11.7% more residents than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 832nd of the state's 1,224 Census places (US Census Bureau).
- Size percentile: about 32% of places in Texas are smaller (US Census Bureau).
- Coordinates: 32.9076 latitude, -95.9331 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): West Tawakoni, TX (6 mi); Emory, TX (10 mi); Quinlan, TX (11 mi); Wills Point, TX (14 mi); Edgewood, TX (15 mi) (US Census Bureau).
- Nearest smaller towns: Point, TX (5 mi); Lone Oak, TX (6 mi); Hawk Cove, TX (9 mi) — US Census Bureau populations.
What a personal loan costs in East Tawakoni
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
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.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Texas lending rules that apply in East Tawakoni
The table lists the Texas rules that apply to a loan made in East Tawakoni, each with the regulator that published it.
| 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 East Tawakoni
Here is a short checklist for comparing personal loans in East Tawakoni:
- 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.