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Find the Best Personal Loan for Your Needs

Texas is the second largest state in the United States as per population and the largest in the country as per land area in the continental part of the country. The diverse landscape of Texas is often compared to other southwestern states and even South America (though Texas is creating jobs unlike what is happening in South America). Due to large availability of land, state of Texas is home to many industries.


The Lone Star State is the most powerful and amazing state in America. Texas has the most thriving cities.

Agriculture remains as one of the primary industries of the region. Needless to say, it has the highest number of farms and acreage in US. Another important industry in Texas is aeronautics, with Houston being at its center and home of National Aeronautics and Space Administration, aka NASA. Other crucial trades include biomedical sciences, tourism, computer technology, energy and defense contracting.

Texans enjoy average household income of $49,392 and per capita income of $40,147. Despite high employment opportunities across diverse industries, residents of Texas may sometimes need financial assistance to overcome their monetary rut. However, low average state credit score at 667 can pose to be a hindrance, especially when seeking mortgage loans or student loans.

This is when personal loans in Texas can come in handy. Many direct lenders online offer personal loans to Texans after reviewing their creditworthiness. If you have a high credit score, then you may also secure a loan with low interest rate.

Personal Loan for Senior Citizens

In these testing times of high inflation and increased medical costs, many senior citizens need quick loans from time to time to meet their unexpected financial requirements, such as medical emergencies when insurance does not cover the full cost or buying a car when borrower needs full funding. These are just some of the many situations when senior citizens may require financial help that can be satisfied through personal loans.

Personal Loans in Texas

Many seniors falsely believe that they are not eligible for personal loans in their old age, now that they are in retirement with fixed income. However, this is far from being true. Banks these days have introduced personal loan schemes for senior citizens to help them meet their stopgap expenses.

There are some lenders who consider retirees for personal loans with more compassion, and provide them convenient access to funds that they can repay over a fixed period of time.

Best Banks for Personal Loans in Texas

Here are banks in Texas that are worth looking at if you’re looking for personal loans:

Texas Trust Credit Union

A member-owned cooperative with over $1 billion in assets, personal loan rates for Texas Trust Credit Union can be as low as 4.99 percent for unsecured personal loan if you have an excellent credit rating.

LegacyTexas Bank

LegacyTexas Bank allows you to borrow as low as $500 for as low as 9.49 percent APR. Currently, it has 44 branches throughout the state where you can avail of this service.

American National Bank of Texas

Having nearly 150 years of experience in the banking industry, the American National Bank of Texas is one of the largest independently owned banks in the state.

Pinnacle Bank Texas

Through its 140 locations throughout Texas, Pinnacle Bank Texas makes it convenient for you to avail of their full line of loan products, including personal loans.

Citizens National Bank Texas

Founded during the Great Depression, the Citizens National Bank Texas has managed to thrive from one branch when it started to 28 branches today.


If you have a credit score of at least 660, you might want to consider SoFi loans for your personal loan needs with a maximum of 12.24 percent APR.

A word of caution: Payday installment loans, cash advances, and car title loans may be easier to get but remember they come with much higher interest rates. They can be a good option if you're absolutely sure you can pay it off quickly.

Robert is our in-house expert on personal loans and finance. He got an MBA, specializing in Finance, before joining the workforce. After working for multiple Fortune 500 companies in the past decade, he brings a wealth of knowledge and experience to the table.