Richmond at a glance
- Population: a Census-estimated 12,816, placing it 212th among Texas's 1,224 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 11,552 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 10.9% growth over the 2020 Census base (US Census Bureau).
- Rank among Texas places: the 212th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 83% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: 29.5812 / -95.7605, per the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Rosenberg, TX (4 mi); Sugar Land, TX (8 mi); Fulshear, TX (11 mi); Stafford, TX (12 mi); Missouri City, TX (14 mi) (US Census Bureau).
- Nearest smaller places: Pleak, TX (8 mi); Fairchilds, TX (10 mi); Thompsons, TX (10 mi) (US Census Bureau estimates).
What a personal loan costs in Richmond
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Richmond
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Richmond.
| 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 Richmond
The steps below are worth completing first when you borrow in Richmond:
- 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.