Payday Loan Statistics In Texas

According to statistics, Texas now has the highest interest rates on Payday Loans in the US.

PAYDAY LOANS ONLINE -
REQUEST FORM

Get Cash $100 - $1000+ Today

  • Available even for bad credit applicants.
  • Applying doesn't affect your credit score!

Get Your Money in a Few Clicks

Personal Information

Personal Information

Additional Information

Additional Information

Your Transfer Details

Your Transfer Details
Need help? Use our ABA lookup.

Your data is secured using industry standard for the site information security. Your ABA/Routing number can be found on most bank statements as well as on the bottom of your checks.

We keep your personal information secured!

By submitting my information, I acknowledge I have read, understand, and agree to the terms of the Privacy Policy and the Terms of Use , I understand that by submitting my information, I may be contacted by telephone by one lender.

You are here

Are Online Payday Loans Legal In Texas?

If you are a Texas resident, you probably want to know if Payday Loans are legal in your state of residence, and the answer is yes. There are currently two types of Payday Loans in Texas:

• Single (repayment period is two weeks or one month)

• Multiplies Installment Loans (repayment period due up to 6 months)

What Is The Highest Amount For A Payday Loan In Texas?

There is no maximum loan amount that borrowers can get in Texas, but the average Payday Loan is around $800. Number of outstanding loans is also not specified, but Payday Loan interest rates in Texas can be as high as 400% or even higher.

Payday Loan Statistics In Texas

According to statistics, Texas now has the highest interest rates on Payday Loans in the US. At the moment, the typical interest rate on a Payday Loan can be as high as 660%, well above the average credit card interest rate.

It's also important to note that since 2011, more than 45 cities in Texas have adopted a single payday loan ordinance that is more stringent than state laws. According to this regulation, payday lenders must be licensed in the city where they provide services. They also established that the loan amount with a commission cannot exceed 20% of the client's gross monthly income.

The Best Direct Payday Lenders In Texas

Finding the best loan deals in Texas can be tricky, as interest rates and loan terms vary greatly depending on the lender you choose. However, Payday Loan USA Online is a direct lender that will help you get rid of long lines, overpayments to third parties and unnecessary waiting.

Will I Be Able To Get A Loan Even If I Don't Live In Texas?

Residents of other states also often wonder if they are eligible to receive funding where they live, and the answer is yes. Even if you are a Tennessee resident, you can also apply for and receive a Payday Loan.

Get The Best Loans In Texas At Payday Loans USA Today

Payday Loans USA Today offers the best loan offer in Texas, as it has following advantages:

  • Convenient repayment terms
  • Competitive interest interest rate
  • Bad credit approval

Get an instant Payday Loan in any city of Texas

Show more

Get your money NOW!

PAYDAY LOANS ONLINE -
REQUEST FORM

Get Cash $100 - $1000+ Today

  • Available even for bad credit applicants.
  • Applying doesn't affect your credit score!

Get Your Money in a Few Clicks

We keep your personal information secured!

By submitting my information, I acknowledge I have read, understand, and agree to the terms of the Privacy Policy and the Terms of Use,I understand that by submitting my information, I may be contacted by telephone by one lender.