Woodway at a glance
- Population: 9,680 residents, the 252nd-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 9,410 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 2.9% growth over the 2020 Census base (US Census Bureau).
- Rank among Texas places: the 252nd-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 79% of the Census places in Texas (US Census Bureau).
- Coordinates: it sits at 31.4983, -97.2308 in the US Census Bureau Gazetteer.
- Nearest larger cities: Hewitt, TX (4 mi); Waco, TX (5 mi); Robinson, TX (7 mi); Bellmead, TX (11 mi); Temple, TX (29 mi); US Census Bureau population estimates.
- Smaller places close by: Beverly Hills, TX (5 mi); Lorena, TX (8 mi); Lacy-Lakeview, TX (12 mi) (US Census Bureau).
What a personal loan costs in Woodway
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Texas lending rules that apply in Woodway
The table lists the Texas rules that apply to a loan made in Woodway, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Woodway
A few practical steps will make the process in Woodway less costly:
- 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.