Get Quick and Easy Access to Local & Same Day Payday Loans in McAllen, TX
Fast Payday Loan Lenders near McAllen, TX
Borrow money for your urgent cash needs in Texas by visiting a lender’s office; or applying for an urgent loan online. But, if you need money fast from the best lender in your state, apply online. Check out the best features of applying for loans online here at AdvanceSOS. We also have for you a list of direct lenders near you in McAllen, TX.
Quick Online Payday Loans in McAllen, TX, USA Faxless
Payday Loans Companies in McAllen, TX
Addresses, phone numbers, and reviews of lenders stores working nearby you:
Company
Address
ZIP code
Phone Number
Ranting
Reviews
Speedy Cash
1521 N 10th St
78501
(956) 663-9558
4.5
143
Advance America
2022 N 10th St
78501
(956) 668-9219
5
136
Texas Car Title & Payday Loan Services, Inc.
319 S 10th St
78501
(956) 668-3400
4.8
49
Texas Car Title & Payday Loan Services, Inc.
3111 N 10th St
78501
(956) 663-8000
4.7
33
Approved Money Center
1201 S 10th St Suite B
78501
(956) 697-1110
4.5
2
– companies ratings and reviews are based on their Google Business Profile. Updated October, 2023 – do you want to add, delete or modify your company details? Contact us – info@advancesos.com
Use Google Maps to Find Loan Places Near Your Location
Do you want to learn more? Check the video about payday loans in Texas by Nick Wilson experienced loan officer.
What Will You Need?
Residents of the 956 area code need to provide the lender with several personal information. We listed all the details you need to include and the requirements you need to meet.
A government-issued ID, proving you’re of legal age.
Proof that you’re a resident of McAllen.
Social Security Number.
An active checking account.
A stable income source of at least $1,000
An e-mail address and phone number
How Much Can You Borrow?
Regulators don’t specify a minimum or a maximum limit on payday loans in Texas. So, applicants shouldn’t have a problem taking out a 500 dollar loan or larger. According to research data, consumers take out $800 on average. Our customers, however, usually choose a cash advance from the following range:
We only work with lenders that guarantee fast payments. Once you’re approved, the deposit will go through the same day. Meaning you could have instant cash by the end of the day.
Yet, there are some exceptions worth noting. For instance, if you apply on a non-working day or after working hours, you won’t get an immediate response. Instead, we’ll send the quick cash through the following business day.
APR and Fee
Payday loans in McAllen, TX, don’t come with a set annual percentage rate. However, the APR often exceeds 400%.
Moreover, taking out advance payday loans comes with a set of extra charges. Take a look at this list, which features all the additional fees you need to know about.
Loans smaller than $30 have a $1 fee for each $5 borrowed.
Short-term loans between $30 and $100 charge 10% of the loan amount. We also have to mention that loans under $30 have a $3 monthly fee.
Small loans from $35 to $70 come with a $3.50 monthly fee.
Loans that exceed $100 charge $10. Additionally, each 100 dollar loan comes with a $4 monthly charge.
Regulations Surrounding Payday Loans in McAllen, Texas
Payday loans McAllen TX come with a set of strict regulations both borrowers and lenders must follow. This way, all parties involved in the advance payday loans get protection.
Firstly, these quick cash loans can come in two different terms. Single payment loans need to be paid off between two weeks and a month. Installment loans, however, are due within six months. Additionally, the state of Texas doesn’t limit customers on how much they can borrow.
Moreover, there’s no rollover limit specified. The same goes for a cooling-off period. Meaning, borrowers don’t have to wait before requesting another loan. It’s important to note that applicants should always be careful not to ruin their credit score.
Loan Alternatives
Residents of the 956 area code get access to a few different kinds of payday loans. Check out this list of advance payday loans!
Bad Credit Loans
Applicants can still be eligible for short-term loans, regardless if they have a bad credit score. Our service offers financial help in the form of a bad credit loan. There’s no need to worry about hurting your credit score more since our lenders will perform only a soft check.
Title Loans
If you have a vehicle and need a larger cash advance, consider taking out a title loan. They work by you signing over your car’s title to the lender. During the loan term, you can still use the vehicle while the lender owns it. Once you pay it off, you get full ownership back.
No Credit Check Loans
No credit check loans could be the thing for you if you have no credit or bad credit. To get approved for this type of loan, you need to meet several requirements. These include providing proof of employment and evidence of a stable income, like a pay stub from your employer.
Payday Loans for Unemployed
Those who’ve had trouble holding a job can still apply for small loans. During the application process, we consider all kinds of revenue sources. So, if you receive government benefits or a pension, you could be eligible for unemployment. Additionally, having a good credit score ups your chances of getting approved.
Legit Payday Loans
Payday loans in McAllen, TX, are a legal and dependable way for Texans to service unforeseen bills until their next paycheck arrives. As long as you’re eligible, you’ll have no problem borrowing a 300 dollar loan or a larger amount if needed. AdvanceSOS also provides payday loans online to applicants with bad credit scores and those facing unemployment.
