Slaton at a glance
- Population: 5,684 (US Census Bureau, Vintage 2023 subcounty estimate), the 353rd-largest of 1,224 places in Texas.
- 2020 Census base: 5,857 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 3.0% lower than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 353rd of the state's 1,224 Census places (US Census Bureau).
- Size percentile: it is larger than about 71% of the places in Texas (US Census Bureau).
- Coordinates: 33.4455 latitude, -101.6509 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Lubbock, TX (16 mi); Wolfforth, TX (21 mi); Brownfield, TX (40 mi); Levelland, TX (42 mi); Littlefield, TX (51 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Ransom Canyon, TX (6 mi); Buffalo Springs Lake, TX (7 mi); Wilson, TX (10 mi), each a US Census place.
What a personal loan costs in Slaton
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Slaton
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Slaton
Here is a short checklist for comparing personal loans in Slaton:
- 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.