Gilmer at a glance
- Population: a Census-estimated 5,100, placing it 373rd among Texas's 1,224 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 4,843 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: roughly 5.3% higher than at the 2020 Census (US Census Bureau).
- Rank among Texas places: 373rd-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 70% of Texas's places have fewer residents (US Census Bureau).
- Coordinates: 32.7323 latitude, -94.9458 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Gladewater, TX (13 mi); White Oak, TX (15 mi); Longview, TX (18 mi); Kilgore, TX (24 mi); Mount Pleasant, TX (29 mi) (US Census Bureau populations).
- Smaller places close by: Union Grove, TX (11 mi); East Mountain, TX (11 mi); Warren City, TX (13 mi) (US Census Bureau).
What a personal loan costs in Gilmer
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Texas lending rules that apply in Gilmer
The Texas rate caps and licensing rules that reach Gilmer are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Gilmer
The steps below are worth completing first when you borrow in Gilmer:
- 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.