Payday Loans in McAllen, TX
Along with other Americans, you might be having trouble keeping your finances in check. Whether you’re dealing with car repair bills or unexpected insurance bills, instant cash loans could be the way out. These high-interest, short-term loans come in several different sizes and can hold you over until your next paycheck. The loans range from as little as $50 to $1,000 and more. Moreover, the application process is quick, and you could have the money within hours. Scroll down to learn about the requirements, regulations, types of payday loans, and more.
How to Apply for a Payday Loan Online in McAllen, Texas
Applying for payday loans is a simple process that only takes a few minutes. We broke down all the steps to make it easier for you.
- Visit our website and click the ‘Apply’ button.
- Fill in all the required information into the loan application.
- Hold while we go over your application and come up with the best offers for you.
- E-sign the loan agreement.
- Wait until the loan transaction goes through and the cash shows up in your balance.
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:
- 100 dollar loan
- 200 dollar loan
- 300 dollar loan
- 500 dollar loan
- 1000 dollar loan
When Will You Receive Your Funds?
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.
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.
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.
ATM Locations in Mcallen, TX
|IBC Bank ATM||301 S 10th St, McAllen, TX 78501|
|HEB ATM||3200 N 10th St, McAllen, TX 78501|
|Wells Fargo ATM||700 E Expressway 83, McAllen, TX 78503|
|IBC Bank ATM||3600 N 10th St, McAllen, TX 78501|
|IBC Bank ATM||2200 S 10th St #B, McAllen, TX 78503|
|Corner Store ATM||7144 N. 23rd St 7144 N. 23rd Street (FM 1926, McAllen, TX 78504|
|IBC Bank ATM||2800 Nolana Ave, McAllen, TX 78504|
|Corner Store ATM||3701 W. Business 83 3701 W. Business 83 (Loop, 374, McAllen, TX 78501|
|BBVA Bank ATM Mcallen-twn & Cntry Shop Ctr||5013 N 10th St, McAllen, TX 78504|
|IBC Bank ATM||820 S Jackson Rd, McAllen, TX 78503|
|IBC Bank ATM||4101 S McColl Rd, Edinburg, TX 78539|
|IBC Bank ATM||2225 Nolana Ave, McAllen, TX 78501|
|Wells Fargo ATM||4005 N 10th St, McAllen, TX 78504|
|Corner Store ATM||3912 N McColl Rd, McAllen, TX 78501|
|IBC Bank ATM||400 S Closner Blvd, Edinburg, TX 78539|
|Rio Grande Regional Hospital ATM||101 E Ridge Rd, McAllen, TX 78503|
|IBC Bank ATM||1200 E Jackson Ave, McAllen, TX 78503|
|HEB ATM||1212 S Closner Blvd, Edinburg, TX 78539|
|IBC Bank ATM||200 E Griffin Pkwy #A, Mission, TX 78572|
|PlainsCapital Bank ATM||221 S 15th St, McAllen, TX 78501|
|Shazam Atm||2011 S 10th St, McAllen, TX 78503|
|HEB ATM||900 S 10th St, McAllen, TX 78501|
|IBC Bank ATM||2200 S 10th St #B, McAllen, TX 78503|
|IBC Bank ATM||1007 N Veterans Blvd #A, Pharr, TX 78577|
|IBC Bank ATM||2200 S 10th St, McAllen, TX 78503|
|IBC Bank ATM||1 S Broadway St, McAllen, TX 78501|
|HEB ATM||3601 Pecan Blvd, McAllen, TX 78501|
|IBC Bank ATM||121 S Shary Rd, Mission, TX 78572|
|IBC Bank ATM||900 Bryan Rd, Mission, TX 78572|
|Corner Store ATM||2204 W Trenton Rd, Edinburg, TX 78539|
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.