Progreso at a glance
- Population: the Census estimates 5,037 residents, ranking 376th of 1,224 places in Texas (Vintage 2023).
- 2020 Census base: 4,809 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 4.7% more residents than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 376th-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 69% of places in Texas are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 26.0961, -97.9566.
- Nearest larger cities: Mercedes, TX (5 mi); Weslaco, TX (5 mi); Donna, TX (7 mi); La Feria, TX (9 mi); Alamo, TX (12 mi); US Census Bureau population estimates.
- Nearest smaller towns: Progreso Lakes, TX (2 mi); Edcouch, TX (14 mi); Santa Rosa, TX (14 mi) — US Census Bureau populations.
What a personal loan costs in Progreso
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Texas lending rules that apply in Progreso
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Progreso.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Progreso
The order below is a sensible way to approach a loan in Progreso:
- 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.