Payday Loans in El Paso, TX
If you need a fast and reliable way to take care of your bills, we might have the solution for you. Payday loans in El Paso, TX, are a quick, dependable, and secure way to get extra cash. These loans come with relatively short terms and high-interest rates but could be a lifesaver if you need instant cash. By taking out a 200 dollar loan, or larger, you could quickly pay off whatever sudden expenses you’re dealing with.
How to Apply for a Payday Loan Online in El Paso, Texas
Applying for payday loans a quick and convenient way to get some extra cash. The entire process is straightforward, and you’ll get a response in no-time. Just follow these steps:
- Head over to our website and click on the ‘Apply’ button.
- Fill in the online payday loan application with all the required information.
- Hold while we go over your application.
- If you’re approved, we’ll present you with loan offers that best match your situation.
- Accept our terms and conditions and e-sign the loan agreement.
- Wait until the transaction goes through and the cash advance shows up in your bank balance.
What Will You Need?
During the loan application, you’ll notice there are several requirements you must meet. Make sure to go over this list that features all the information you need to provide:
- A valid, government-issued ID proving you’re of age.
- To be a resident of El Paso.
- Social Security Number.
- An active checking account with your name on it
- A stable income source of at least $1,000
- A phone number and email address
How Much Can You Borrow?
Payday loans in Texas aren’t limited to the amount. So, applicants can request a cash advance anywhere from 50 dollars to over 1,000 dollars. On average, residents of area code 915 take out around 800 dollars. Our customers, however, usually choose instant cash from the following range:
- 100 dollar loan
- 200 dollar loan
- 300 dollar loan
- 500 dollar loan
- 1000 dollar loan
When Will You Receive Your Funds?
AdvanceSOS gives instant cash to El Paso applicants as soon as they are approved. We make sure to work with lenders that understand the urgency of your situation and can pay immediately. So, as long as you’re approved, you could have the fast money by the end of the day.
Yet, there are some exceptions. For instance, this won’t happen if you apply on a non-working day or after our office hours. In these cases, the lender will send the deposit through the following business day.
APR and Fee
Payday loans in El Paso, TX, don’t come with a fixed annual percentage rate. Most of the time, the APR exceeds 400%.
It’s also important to note that payday loans online come with additional charges. Take a look at the list below to gain a better understanding.
- Small loans below 30 dollars have a 1 dollar fee for every 5 dollars borrowed.
- Payday loans in El Paso, TX, between 30 dollars and 100 dollars, charge 10% of the loan amount. Additionally, there’s a 3 dollars monthly charge for loans under 30 dollars.
- Loans from 35 dollars to 70 dollars come with a 3.50 dollars monthly fee. Short-term loans that exceed 70 dollars, however, charge 4 dollars a month.
- Quick cash over 100 dollars has a 10 dollars extra charge. Each 100 dollar loan charges an additional 4 dollars a month.
Regulations Surrounding Payday Loans in El Paso, Texas
Payday loans in El Paso, TX, come with strict rules. To guarantee the protection of everyone, they must be followed by all parties involved in the loan.
Advance payday loans don’t have a set minimum or maximum limit. So, customers are free to choose anywhere from a $50 to a 500 dollar loan or even higher amounts. Moreover, these small loans can come with two different terms. Single short-term loans can be paid off anywhere from two weeks to an entire month. Alternatively, installment loans are due within six months.
Additionally, payday loans in El Paso, TX, don’t have a cooling-off period. Meaning, borrowers don’t have to wait before they ask for a new loan. It’s also important to note that customers can request as many rollovers as they like.
Payday loans online can come in different types that appeal to other groups of applicants. Check out this list of the top five advance payday loans in El Paso.
Bad Credit Loans
Bad credit history doesn’t make it impossible for you to take out a payday loan with us. We work with lenders that offer their services to applicants with no credit or bad credit scores. Usually, they’ll only perform a soft check and won’t harm your score any further.
If you need instant cash and own a car, a title loan might be the thing for you. These short-term loans work by the borrower signing over their vehicle’s title to the lender. However, during the loan term, the borrower can still use it. After they repay the loan, they gain full ownership back.
No Credit Check Loans
Those who don’t want to hurt their credit score should consider taking out no credit check loans. Many of our payday loan lenders perform only a soft check. Yet, you need to provide them with proof of employment and a stable income. For this, you can use a recent pay stub from your employer.
Payday Loans for Unemployed
If you’re facing unemployment, that doesn’t mean you’re not eligible for any financial help. Lots of lenders consider other revenue sources, like government benefits, pension, or retirement. So, if you receive any similar income, you might be eligible. Additionally, having a good credit score ups your chances of getting approved.
Legit Payday Loans
Payday loans in El Paso, TX, are completely legal. Moreover, we follow all state and federal regulations to ensure everything runs smoothly. So, Texans have nothing to worry about applying for cash advances through our AdvanceSOS platform.
ATM Locations in El Paso, TX
|Prosperus Title & Escrow, LLC||1300 Airway Blvd Suite 108, El Paso, TX 79925|
|Wells Fargo ATM||9411 Alameda, El Paso, TX 79907|
|Cardtronics ATM||6701 Convair Rd, El Paso, TX 79925|
|Cardtronics ATM||2950 George Dieter Dr, El Paso, TX 79936|
|Cardtronics ATM||1901 George Dieter Dr, El Paso, TX 79936|
|Cardtronics ATM||1100 Geronimo Dr, El Paso, TX 79925|
|Wells Fargo ATM||2850 Montana Ave, El Paso, TX 79903|
|Wells Fargo ATM||1320 N Zaragoza Rd, El Paso, TX 79936|
|Wells Fargo ATM||1580 George Dieter Dr, El Paso, TX 79936|
|Cardtronics ATM||6101 Gateway Blvd W, El Paso, TX 79925|
|Wells Fargo ATM||3017 McRae Blvd, El Paso, TX 79925|
|Cardtronics ATM||10110 Grouse Rd, El Paso, TX 79924|
|Wells Fargo ATM||6600 Montana Ave, El Paso, TX 79925|
|Cardtronics ATM||1530 Lee Trevino Dr, El Paso, TX 79936|
|Wells Fargo ATM||1700 N Zaragoza Rd, El Paso, TX 79936|
|Cardtronics ATM||6200 N Mesa St #4520, El Paso, TX 79912|
|Wells Fargo ATM||2200 Lee Trevino Dr, El Paso, TX 79936|
|Corner Store ATM||660 Sunland Park Dr, El Paso, TX 79912|
|Wells Fargo ATM||11380-90 Gateway N Blvd, El Paso, TX 79934|
|Cardtronics ATM||5665 S Desert Blvd, El Paso, TX 79932|
|Wells Fargo ATM||6110 N Mesa St, El Paso, TX 79912|
|Corner Store ATM||3291 N Zaragoza Rd, El Paso, TX 79938|
|Wells Fargo ATM||6351 S Desert Blvd, El Paso, TX 79932|
|Wells Fargo ATM||8111 N Loop Dr, El Paso, TX 79907|
|Bank of America ATM (Drive-thru)||1212 Hawkins Blvd, El Paso, TX 79925|
|Cardtronics ATM||900 E Redd Rd, El Paso, TX 79912|
|Corner Store ATM||7660 N Mesa St, El Paso, TX 79912|
|Wells Fargo ATM||9813 Dyer St, El Paso, TX 79924|
|Corner Store ATM||5600 N Desert Blvd, El Paso, TX 79912|
|Cardtronics ATM||1600 N Zaragoza Rd, El Paso, TX 79936|
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.