Personal loans in Penelope, TX

Roughly 187 residents live in Penelope, the 1,163rd-largest community in Texas. The closest larger city is Malone, TX about 5 miles away. Lenders active in Penelope report to a Texas supervisor, identified in the sourced rows below. Compare APR, not the interest rate, because the APR folds in most fees on a Penelope loan.

Borrowing in Penelope: the local picture

Here is the sourced Census picture for Penelope, plus the Texas lending rules that apply to a loan taken out here.

• Population: 187 residents; Penelope is the 1,163rd-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
• Population trend: Higher by roughly 3.9% since the 2020 count.
• Change in people: the 2020-to-2023 comparison is a gain of about 7 residents.
• Size percentile: about 5% of Texas communities are smaller than Penelope (187 residents).
• Density: roughly 189 residents per square mile, spread over 1.0 sq mi of land.
• By land area: Penelope ranks 1,017th among Texas's 1,224 places, at 1.0 sq mi.
• Water area: Penelope has 0.03 square miles of water, ranking 405th of 1,224 places in Texas.
• State share: roughly 0.0% of Texas's residents live in Penelope (187 people).
• National rank: Penelope is 16,677th of 19,457 places nationwide.
• Growth rank: Penelope ranks 511th among Texas's 1,224 places for the 2020-to-2023 change.
• Against the state trend: Penelope's 3.9% change compares with a Texas average of +6.5% across its 1,224 places.
• Density rank: Penelope places 1,122nd among Texas's places by people per square mile.
• Against the state median: Penelope runs about 189 residents per square mile, where the Texas median is 840.
• Location: 31.8545 / -96.9282, per the US Census Bureau Gazetteer.
• Nearest larger cities: Malone (5 mi); Mount Calm (7 mi); Hubbard (8 mi); Abbott (9 mi); Leroy (10 mi). Larger metros often have more branches, but online lenders reach Penelope on the same terms.
• Smaller communities within reach: Bynum (9 mi); Mertens (14 mi); Aquilla (17 mi).
• Within a 50-mile radius: 6 smaller Census places.
• Larger places within 100 miles: 356.

The Texas lending rules that reach Penelope

These are Texas's sourced lending facts as they reach Penelope's 187 residents; the state has no city-level rate rule.

What shapes a Penelope personal loan

A Penelope personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 187 residents. A lender serving Penelope's 187 residents must disclose the APR and finance charge in writing before you sign. Shortening the term on a Penelope loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Before you apply in Penelope

A sensible order of operations for a loan in Penelope, home to about 187 people:

1. Start with the credit file: order the reports, fix the errors, then apply.
2. Test your amount and term in the personal loan calculator first.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Confirm the Texas licence with the regulator named above before committing.
5. Weigh a shorter term's higher payment against the interest it saves.
6. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
7. Write down the purpose of the loan and your repayment plan before you apply.

None of these steps is Penelope-specific: the same Texas licensing and disclosure rules reach all 187 residents.

Where Penelope sits in Texas

Against Texas's other places, Penelope accounts for about 0.0% of the state's population and ranks 1,163rd of 1,224 by size. For population change between 2020 and 2023, Penelope ranks 511th of 1,224 in Texas (about the 58th percentile). At about 189 people per square mile, Penelope is the 1,122nd most densely settled place in Texas. Within 50 miles sit 6 smaller Census places, alongside the 89 that are larger.

Penelope: area, density and distance

Penelope's land area is about 1.0 square miles; a further 0.03 square miles is water. Spread across it are roughly 189 residents per square mile. The state's population centre of gravity, Houston, is roughly 170 miles away. Penelope has 89 larger places within a 50-mile radius. By land area it ranks 1,017th of 1,224 Texas places.