Junction at a glance
- Population: 2,531, the 533rd-largest community in Texas out of 1,224 (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,446 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 3.5% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Texas places: 533rd-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 56% of the Census places in Texas (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 30.4908, -99.7732.
- Nearest larger cities: Kerrville, TX (49 mi); Brady, TX (50 mi); Fredericksburg, TX (56 mi); Llano, TX (68 mi); San Angelo, TX (77 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Menard, TX (30 mi); Mason, TX (37 mi); Rocksprings, TX (42 mi), each a US Census place.
What a personal loan costs in Junction
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Texas lending rules that apply in Junction
The table carries the Texas rate and licensing rules that apply to consumer loans made in Junction.
| 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 Junction
The order below is a sensible way to approach a loan in Junction:
- 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.