Riesel at a glance
- Population: about 1,062 residents, ranking 783rd of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 1,047 (US Census Bureau).
- 2020 to 2023 change: about 1.4% growth over the 2020 Census base (US Census Bureau).
- Rank among Texas places: 783rd-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 36% of places in Texas are smaller (US Census Bureau).
- Coordinates: 31.4739 / -96.9451, per the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Mart, TX (8 mi); Robinson, TX (11 mi); Marlin, TX (12 mi); Bellmead, TX (12 mi); Beverly Hills, TX (13 mi) (US Census Bureau populations).
- Smaller towns nearby: Hallsburg, TX (4 mi); Golinda, TX (10 mi); Leroy, TX (18 mi) (US Census Bureau).
What a personal loan costs in Riesel
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.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
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.
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 Riesel
The table lists the Texas rules that apply to a loan made in Riesel, each with the regulator that published it.
| 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 Riesel
The order below is a sensible way to approach a loan in Riesel:
- 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.