Lexington at a glance
- Population: a Census-estimated 1,289, placing it 735th among Texas's 1,224 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 1,218 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: roughly 5.8% higher than at the 2020 Census (US Census Bureau).
- Rank among Texas places: 735th of the state's 1,224 Census places (US Census Bureau).
- Size percentile: roughly 40% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: 30.4143, -97.0099 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Giddings, TX (17 mi); Rockdale, TX (17 mi); Thorndale, TX (18 mi); Caldwell, TX (20 mi); Elgin, TX (23 mi); each population is a US Census Bureau estimate.
- Smaller places close by: Thrall, TX (21 mi); Milano, TX (22 mi); Coupland, TX (23 mi) (US Census Bureau).
What a personal loan costs in Lexington
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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 Lexington
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Lexington
Run through this list before signing anything in Lexington:
- 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.