Blade and soul is getting a western release early 2016, its got a loli race similar to the elin in tera.
Its just another mmo though, its hard to find loli characters in western release games outside mmos.
The character customization is pretty deep, lately I've been more interested in mmos for their character customization and not their gameplay.
Black desert is another example of a game with lackluster gameplay but amazing character customization.