Personal loans in Merkel, TX

The trend for Merkel between 2020 and 2023 is downward by roughly 1.5%. Which products a lender may offer to Merkel's 2,433 residents follows from the Texas consumer-lending framework. Decide the purpose of the loan and your repayment plan before sharing any details with a Merkel lender. For a bigger market, look to Abilene, TX about 16 miles away.

Where Merkel stands

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

• Population: an estimated 2,433 residents, 541st of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
• Population trend: Down about 1.5% from the 2020 Census base to the 2023 estimate.
• Absolute change: 37 residents lost between 2020 and 2023.
• Size percentile: with 2,433 residents, Merkel is larger than about 56% of Texas's Census places.
• Population density: 870 people per square mile on 2.8 square miles of land.
• Land area: Merkel covers 2.8 square miles, the 547th-largest area among Texas's 1,224 places.
• Share of state population: Merkel's 2,433 residents are about 0.0% of Texas.
• Nationally: Merkel is the 6,934th-largest of 19,457 Census places in the dataset.
• Growth rank: Merkel's 2020-to-2023 change ranks 1,011th of 1,224 places in Texas.
• Versus Texas: the state average change is +6.5%, while Merkel moved 1.5%.
• Density in Texas: Merkel ranks 596th by people per square mile.
• Density in context: Merkel's 870 people per square mile sit against a Texas median of 840.
• Location: 32.4697, -100.0111 (US Census Bureau Gazetteer).
• Nearest larger cities: Abilene (16 mi); Sweetwater (23 mi); Clyde (30 mi); Stamford (47 mi); Colorado City (50 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Smaller towns nearby: Trent (7 mi); Tye (9 mi); Hawley (15 mi).
• Smaller neighbours: 25 places smaller than Merkel sit within 50 miles.
• Larger places within 100 miles: 21.

How personal loans work in Merkel

With roughly 2,433 residents, Merkel is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Because pricing is borrower-level, two people in Merkel can be quoted different APRs on the same amount and term. A longer term lowers the monthly payment on a Merkel loan but raises total interest, so the smallest payment is not the cheapest loan.

Merkel: area, density and distance

Merkel covers about 2.8 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 870 people per square mile. The largest place in Texas, Houston, lies about 330 miles away. A 50-mile radius around Merkel takes in 5 places that are larger. The 100-mile radius contains 21 larger places.

Merkel in state context

Merkel is the 541st-largest of 1,224 Census places in Texas and contains about 0.0% of the state's people. On the 2020-to-2023 trend, Merkel stands 1,011th among Texas's 1,224 places — roughly the 17th percentile. Its roughly 870 residents per square mile place it 596th among Texas's places. In land area, Merkel ranks 547th among Texas's 1,224 places.

Texas rules behind a Merkel personal loan

Texas has no separate rate rule for Merkel; the sourced rows below are what reach every lender that serves its 2,433 people.

How lenders reach Merkel

Merkel is a moderately settled community of about 2,433 people, with 5 larger places inside a 50-mile radius. Whether Merkel has a local branch or not, a Texas-licensed lender can serve its 2,433 people online on the same terms. For a larger market, the closest option is Abilene, TX about 16 miles away.