The state of Texas is rather unique in that they don’t put limit on how much you can borrow for a payday loan, but they do limit the amount of time you have to pay off. It doesn’t matter how much you’re actually approved to borrow, you’ll still have the same amount of time to pay it off, 31 days at the most. The amount of money you can qualify to borrow at a single time is completely up to the lender and will probably be based how much money you make per month.
Payday loan companies in Texas will each have their own unique rates and terms so it might be in your best interest to do a little bit of comparison shopping. This will ensure that your paying low rates and interest, should borrow at a single time.
Texas Pay Day Loan Laws
Maximum Loan Amount: no limit
Maximum Interest Rate: 48% annual interest
Annual Percentage Rate: 309% on a 14-day, $100 loan
Minimum Payoff Time: 7 days
Maximum Payoff Time: 31 days
Extensions Allowed: none
Top 5 Texas Pay Day Loan Companies
P.O. Box 101808
Fort Worth, TX 76185
This company has been providing online pay day loans for nearly a decade. Applicants can borrow between $100. and $1000. As a direct provider, Payday One will give you your results within seconds of submitting your application. If you apply on a weekday, your funds will be available the next day, while applications approved on a Saturday will result in money in your bank account on Tuesday.
8602 S Braeswood Blvd
Houston, TX
(713) 772-2774
speedycash.com
Texas residents can apply for a pay day loan from Speedy Cash online, by telephone, or in person. They currently have twenty-four stores throughout Texas. Speedy Cash is one of the top providers of pay day loans. If your application is approved before 8:00 p.m. CST, your funds will arrive in your bank account the next day.
3989 South 1st Street
Abilene, TX
(325) 673-9700
texascartitleloansinc.com
Texas car title and payday loans is based in Abilene, Texas and offers two different types of loan. The traditional payday loan is a short-term loan to hold you over between paydays and is usually repaid out of your next paycheck. A car title loan usually has a longer payoff time because it doesn’t follow regulations for your average payday loan. For car title loan you will have to put up the title to your vehicle and you will receive that back once you pay the loan off in full.
9208B East R.L. Thornton Freeway #207
Dallas, TX
(214) 321-0587
cashstore.com
Cash Store offers borrowers a couple different types of short-term loan. There’s your normal payday loan as well as the longer-term installment loan. Each one of these has its own benefits and disadvantages. A normal payday loan is typically paid off within one month and is usually a relatively small dollar amount. An installment loan can be quite larger and can be paid off over longer times but may have much higher interest rates.
3821 South Buckner Boulevard
Dallas, TX
(214) 381-5200
checkntitle.com
Check N Title Loans is a Dallas Texas based short-term loan, and check cashing business. This company allows you to get traditional payday loans that are usually repaid within a month or more long-term title loans. A title loan may be a viable option if you simply don’t qualify for a payday loan or need more money than a normal payday loan has to offer.