Sanctuary at a glance
- Population: 369 people, the 1,047th-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 335 (US Census Bureau).
- 2020 to 2023 change: up roughly 10.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Texas places: the 1,047th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 14% of Texas's places have fewer residents (US Census Bureau).
- Coordinates: 32.9132 / -97.5877, per the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Reno, TX (3 mi); Azle, TX (3 mi); Pelican Bay, TX (4 mi); Springtown, TX (7 mi); Lakeside, TX (9 mi) (US Census Bureau populations).
- Smaller towns nearby: Corral City, TX (24 mi); Cool, TX (26 mi); Hebron, TX (42 mi) (US Census Bureau).
What a personal loan costs in Sanctuary
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Texas lending rules that apply in Sanctuary
The Texas rate caps and licensing rules that reach Sanctuary are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Sanctuary
These steps are the ones that most affect the offer you receive in Sanctuary:
- 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.