Personal loans in Farwell, TX

Roughly 1,380 residents live in Farwell, the 711th-largest community in Texas. Farwell counts about 1,380 people, and what is genuinely local about borrowing here is limited — Texas law does the governing.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Price two or three terms so you can see which payment is truly affordable in Farwell. Which products a lender may offer to Farwell's 1,380 residents follows from the Texas consumer-lending framework. Population in Farwell dropped about 3.2% over the three years from 2020 to 2023. The closest larger place is Clovis, NM about 10 miles away.

Farwell: population, trend and location

What follows is Farwell's place in the Census record, alongside the Texas rules that govern a personal loan made here.

Farwell on the map

Inside Farwell's boundaries lie about 0.8 square miles of land, with no significant water area recorded. With 1,380 residents, the land area yields roughly 1,689 people per square mile. The largest place in Texas, Houston, lies about 549 miles away. Farwell has 8 larger places within a 50-mile radius. By land area it ranks 1,061st of 1,224 Texas places.

What Texas law requires in Farwell

Read the table as a lender's compliance picture for Farwell: the rule, the sourced figure, the publisher and the date.

RuleDetailSource
State lending regulatorTexas 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 statusLegal 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

Farwell's place among Texas's 1,224 places

Set beside Texas's 1,224 places, Farwell ranks 711th by population and holds about 0.0% of the state total. For population change between 2020 and 2023, Farwell ranks 1,109th of 1,224 in Texas (about the 9th percentile). At about 1,689 people per square mile, Farwell is the 236th most densely settled place in Texas. The population moved by about 45 people between 2020 and 2023, a 3.2% shift.

How a Farwell personal loan is priced

A Farwell personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 1,380 residents. The APR tracks your credit score rather than Farwell's rank of 711th in Texas: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. A longer term lowers the monthly payment on a Farwell loan but raises total interest, so the smallest payment is not the cheapest loan.

How lenders reach Farwell

Farwell is moderately settled, with about 1,689 people per square mile and 8 larger places within 50 miles. Whether Farwell has a local branch or not, a Texas-licensed lender can serve its 1,380 people online on the same terms. For a larger market, the closest option is Clovis, NM about 10 miles away.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Farwell if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Farwell is the same as anywhere in Texas.
What loan size can I expect in Farwell?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Farwell?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Farwell cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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