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Personal loans in Malakoff, TX

For residents of Malakoff, a personal loan is a lump sum with a fixed repayment schedule, and its cost reflects your credit, income and debt-to-income picture. Malakoff's Census population of roughly 2,251 makes it the 570th-largest of 1,224 places in Texas. The rate caps and licensing requirements that apply to a lender in Texas are set out in the sourced table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Malakoff at a glance

  • Population: 2,251 residents, the 570th-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
  • 2020 Census base: the 2020 Census recorded 2,178 residents here (US Census Bureau).
  • 2020 to 2023 change: up roughly 3.4% across the 2020-to-2023 comparison (US Census Bureau).
  • Rank among Texas places: 570th out of 1,224 Census places (US Census Bureau).
  • Size percentile: roughly 53% of places in Texas rank below it by population (US Census Bureau).
  • Coordinates: 32.1733 / -96.0210, per the US Census Bureau Gazetteer.
  • Nearest larger cities: Athens, TX (11 mi); Tool, TX (12 mi); Gun Barrel City, TX (13 mi); Mabank, TX (15 mi); Corsicana, TX (27 mi) — straight-line distances, US Census Bureau populations.
  • Nearest smaller places: Star Harbor, TX (2 mi); Caney City, TX (3 mi); Log Cabin, TX (3 mi) (US Census Bureau estimates).

What a personal loan costs in Malakoff

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 APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

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.

If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.

Texas lending rules that apply in Malakoff

The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Malakoff.

RuleDetailSource
State lending regulatorTexas 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 statusLegal 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 licensingLicense 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 Malakoff

Here is a short checklist for comparing personal loans in Malakoff:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Texas using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Malakoff?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Malakoff are the same as elsewhere in Texas.
How much can I borrow with a personal loan in Malakoff?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Malakoff require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Malakoff hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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