Richwood at a glance
- Population: the Census estimates 4,789 residents, ranking 384th of 1,224 places in Texas (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 4,782 (US Census Bureau).
- 2020 to 2023 change: population rose about 0.1% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Texas places: 384th of the state's 1,224 Census places (US Census Bureau).
- Size percentile: about 69% of Texas's Census places are smaller (US Census Bureau).
- Coordinates: 29.0639, -95.4022 (US Census Bureau Gazetteer).
- Nearest larger cities: Clute, TX (3 mi); Lake Jackson, TX (3 mi); Angleton, TX (8 mi); Freeport, TX (9 mi); Iowa Colony, TX (26 mi); US Census Bureau population estimates.
- Nearest smaller places: Oyster Creek, TX (6 mi); Jones Creek, TX (7 mi); Bailey's Prairie, TX (8 mi) (US Census Bureau estimates).
What a personal loan costs in Richwood
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Texas lending rules that apply in Richwood
The Texas rate caps and licensing rules that reach Richwood are listed below, each with its source and retrieval 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 Richwood
Run through this list before signing anything in Richwood:
- 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.