Mount Calm at a glance
- Population: 310 (US Census Bureau, Vintage 2023 subcounty estimate), the 1,084th-largest of 1,224 places in Texas.
- 2020 Census base: 283 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: an increase of about 9.5% since the 2020 count (US Census Bureau).
- Rank among Texas places: 1,084th largest of 1,224 (US Census Bureau).
- Size percentile: about 11% of places in Texas are smaller (US Census Bureau).
- Coordinates: 31.7563 / -96.8817, per the US Census Bureau Gazetteer.
- Nearest larger cities: Hubbard, TX (8 mi); Leroy, TX (8 mi); West, TX (13 mi); Coolidge, TX (13 mi); Dawson, TX (14 mi); each population is a US Census Bureau estimate.
- Nearest smaller places: Penelope, TX (7 mi); Malone, TX (11 mi); Ross, TX (14 mi) (US Census Bureau estimates).
What a personal loan costs in Mount Calm
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
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.
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.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Texas lending rules that apply in Mount Calm
Read the table as the compliance picture for a lender serving Mount Calm: label, sourced figure, publisher and date.
| 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 Mount Calm
These steps are the ones that most affect the offer you receive in Mount Calm:
- 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.