Payday Loans in Texas TX,
Get the Best Rates with AdvanceSOS
A payday loan is a small-term loan intended to help you survive between your paychecks. This funding can help you cover utilities, bills, and home or car repairs. We operate 24/7 and offer same-day service to provide you the funds you desperately need.
With our financial products, you can solve money emergencies without complicated application procedures. Apply for a small loan and receive financial help immediately.
How To Apply For A Payday Loan Online In Texas?
Payday loans online are the ideal option for those who are always on the go and prefer doing things digitally. The paperless process is reliable, fast, and straightforward.
- Navigate to our website and click the ‘Get started’ button to enter your information. The process takes about five minutes.
- Get an instant decision with offers. The feedback may contain detailed rates and terms.
- Choose the loan for you and accept the terms by signing the documents on your computer.
- If approved, expect the cash in your checking account the same or the next business day.
What Will You Need?
Applying for payday loans with AdvanceSOS is anything but complicated. Still, you need to bear specific requirements in mind:
- To be 18 years old or over.
- To be a legal resident of Texas.
- Present a stable income source and earn at least $1,000 per month.
- Provide a phone number and a valid email.
- Not to be a debtor in bankruptcy.
By providing your personal information, we can ensure you can handle the repayment. If you don’t provide accurate data, we won’t be able to contact you.
How Much Can You Borrow?
Payday loans in Texas are available online and in-store throughout the state. Our small funding ranges from below $100 up to $1,000 both in stores and online. The following amounts are what clients request the most:
- 100 dollar loan
- 200 dollar loan
- 300 dollar loan
- 500 dollar loan
- 1000 dollar loan
The loan size can vary depending on your eligibility. Your income, your ability to repay, and the standard underwriting criteria can influence our lending decision, too.
When Will You Receive Your Funds?
Receiving money from a payday loan is fast. If you apply before 5 p.m. PT on weekdays, quick cash will generally reach your account the next business day. Applications received during weekends or national holidays get verified the next business day due to bank closures.
When you apply in-store, the final decision comes after you hand over the application. When approved, you will sign an agreement and accept the approved loan amount as instant cash.
APR And Fee
In Texas, lenders cannot charge more than $1 per $5 borrowed for loans less than $30. For funding between $30 and $100, the rules allow a service fee of 10% of the borrowed amount. For cash advances over $100, the maximum cost per transaction stands at $10.
Texas laws allow a $3.50 handling charge for loans less than $35. For advance payday loans between $35 and $70, the law allows a $4 monthly handling charge. Funding over $70 usually involves a $4 monthly fee for every $100 borrowed.
For any 14-day $100 loan, the APR you can expect is 309%. Note that we provide borrowers with transparent terms and conditions. After submitting an online loan application with us, you’ll know what fees and APR to expect.
Regulations Surrounding Payday Loans in Texas
The maximum amount of a single payday loan in Texas is not specified. The repayment terms of payday loans can vary from one week to 180 days. Such terms depend on whether borrowers take a single or an installment loan.
Also, the Texas law offers protection by banning lenders from dividing one loan into two to collect higher interest fees. There’s no restriction on the number of rollovers and defined no cooling-off period.
Short-term loans can come in handy when you’re facing financial problems. But, sometimes, other payday loan alternatives can fit your budget better.
Bad Credit Loans
Do you have bad credit? Or, no credit at all? Bad credit makes borrowing money hard. Our payday loans provide a solution to those with bad credit. You will need to present a regular income source and prove that you can repay on time.
Qualified Texas residents could get up to $5,000. Ensure you have a clear title to provide and a spare key to your vehicle. You’ll find out if you qualify fast, and you even get to keep your car while making payments. When you pay back the money in full, you’ll get your title back.
No Credit Check Loans
No credit check loans may be a lifesaver if bad or poor credit prevents you from getting a traditional bank product. Yet, no-credit-check small loans come in with specific risks. Note that our lenders factor in various data such as income, employment, and bank account standing.
Payday Loans For the Unemployed
Don’t worry if you’re out of work or looking for a new job. We consider revenue from other sources and not only from full-time employment. So, unemployed applicants can also take advantage of short-term financing solutions. To qualify for a loan, you must present proof of regular income and have good credit.
Legit Payday Loans
These cash loans are ideal if you’re looking for a small sum of up to $1,000 urgently. Besides being legit, payday loans in Texas are a quick and convenient solution for any emergency.
Customers with a bad history can qualify but usually face stricter lending terms. Texans can benefit from personal loans if they repay them when due. Otherwise, fees can multiply, and you may get stuck in a never-ending debt cycle.
Amanda is a senior writer at AdvanceSOS. She has more than six years of journalism experience, mostly in the finance sector. She graduated with a Bachelor’s Degree from Drew University.