Oak Point at a glance
- Population: 6,367 — 325th in Texas, which has 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 4,352 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 46.3% growth over the 2020 Census base (US Census Bureau).
- Rank among Texas places: 325th of the state's 1,224 Census places (US Census Bureau).
- Size percentile: roughly 73% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 33.1705, -96.9875.
- Nearest larger cities: Lake Dallas, TX (4 mi); Little Elm, TX (4 mi); Providence Village, TX (5 mi); Corinth, TX (5 mi); Highland Village, TX (7 mi); each population is a US Census Bureau estimate.
- Smaller places nearby: Lakewood Village, TX (2 mi); Shady Shores, TX (3 mi); Cross Roads, TX (3 mi), per US Census Bureau estimates.
What a personal loan costs in Oak Point
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 APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
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 Oak Point
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Oak Point
Here is a short checklist for comparing personal loans in Oak Point:
- 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.