Knollwood at a glance
- Population: about 806, 867th by size in Texas of 1,224 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 766 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: up about 5.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: the 867th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 29% of the places in Texas (US Census Bureau).
- Coordinates: it sits at 33.6893, -96.6185 in the US Census Bureau Gazetteer.
- Nearest larger cities: Sherman, TX (4 mi); Denison, TX (6 mi); Pottsboro, TX (6 mi); Southmayd, TX (7 mi); Howe, TX (13 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Dorchester, TX (12 mi); Sadler, TX (13 mi); Hendrix, OK (14 mi) (US Census Bureau).
What a personal loan costs in Knollwood
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 number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Knollwood
Each row below is a Texas rule with its publisher and the date it was retrieved.
| 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 Knollwood
Before you share your details with a lender in Knollwood:
- 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.