Grandfalls at a glance
- Population: 327, the 1,078th-largest community in Texas out of 1,224 (US Census Bureau, Vintage 2023).
- 2020 Census base: 343 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 4.7% lower than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 1,078th in population of 1,224 places (US Census Bureau).
- Size percentile: about 12% of Texas's Census places are smaller (US Census Bureau).
- Coordinates: 31.3405, -102.8545 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Thorntonville, TX (17 mi); Wickett, TX (18 mi); Monahans, TX (26 mi); Crane, TX (30 mi); Fort Stockton, TX (31 mi) — straight-line distances, US Census Bureau populations.
- Smaller towns nearby: Pyote, TX (21 mi); Barstow, TX (33 mi); Goldsmith, TX (47 mi) (US Census Bureau).
What a personal loan costs in Grandfalls
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 Grandfalls
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Grandfalls.
| 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 Grandfalls
Run through this list before signing anything in Grandfalls:
- 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.