Frankston at a glance
- Population: the Census estimates 1,111 residents, ranking 773rd of 1,224 places in Texas (Vintage 2023).
- 2020 Census base: the 2020 Census recorded 1,124 residents here (US Census Bureau).
- 2020 to 2023 change: down about 1.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 773rd-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: ahead of around 37% of Texas places in population terms (US Census Bureau).
- Coordinates: mapped at 32.0573, -95.5045 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Bullard, TX (12 mi); Jacksonville, TX (16 mi); Chandler, TX (17 mi); Brownsboro, TX (18 mi); Whitehouse, TX (20 mi) (US Census Bureau).
- Nearest smaller towns: Berryville, TX (3 mi); Coffee City, TX (5 mi); Poynor, TX (5 mi) — US Census Bureau populations.
What a personal loan costs in Frankston
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
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.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Texas lending rules that apply in Frankston
The table lists the Texas rules that apply to a loan made in Frankston, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Frankston
The steps below are worth completing first when you borrow in Frankston:
- 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.