Did your budget fall short this month? Hermosa Loans may help you find a loan in Texas. We invite eligible Texans to complete a request online today.
You can request up to $5,000 through Hermosa Loans. We are excited to help you begin the process of looking for a cash advance or installment loan. It all starts with this step, so please consider how much funding you need.
Submit your loan request in just a few minutes. The process is super simple so that you can get back to your day as soon as possible.
After submitting your loan request, you should receive an answer within a few minutes. We hope everything goes the way you like!
We hope to help you meet your needs. While not all our customers are able to find funding (unfortunately), we definitely hope you are able to find funding.
Note that all lenders may use your personal information to verify your identity and perform a credit check through a credit bureau.
However, keep in mind that you may pay more for a loan if your credit score is low. Before you apply for a loan, consider improving your credit to get better rates. You may want to seek credit counseling to help you with debt settlement or to improve your credit history.
Before getting a payday loan in Texas, you may want to consider the following:
These questions are a great start to making smart decisions for a prosperous financial future.
The annual percentage rate isn't specified either. It usually depends on the loan term and amount.
Note that some cities in Texas, such as Amarillo, El Paso, and Greenville, prohibit residents from borrowing a loan that exceeds 20% of their gross monthly income, fees included. Those cities also don't allow more than four installments and three rollovers.
Before requesting an online loan in Texas, make sure you meet the basic requirements. You must:
Be a resident of Texas
Present a government-issued ID
Be at least 18 years old
Have a steady monthly income
Have a checking account
Individual lenders will likely have additional requirements. If you don't have a checking account, a lender may still work with you if you have a savings account instead.
In Texas, Hermosa Loans is known for being there when people need money most. Our goal is to help you be you, especially with your finances. We also want to make sure you know your consumer rights as a resident of the Lone Star State.
The primary regulatory body in Texas is the Texas Office of Consumer Credit Commissioner (OCCC). It regulates businesses that offer various small cash loans in Texas.
What are the requirements to qualify for a loan in Texas?
Any lender will set its own minimum financial and credit requirements. However, most lenders will typically require proof of steady income, identity verification documents like a government-issued ID, proof of a checking account, and fair to good credit standing. Moreover, the lenders will require that the applicant be at least 18 years old and a resident of Texas.
What's the APR for a short-term loan?
The average APR in Texas ranges from around 400% to 500%. However, the rate can differ based on the borrower's credit score, income, and credit history. Typically, borrowers with a lower score will have higher interest rates, and borrowers with higher scores may enjoy more favorable terms.
Does Hermosa Loans provide title loans in Texas?
At this time, Hermosa Loans does not operate in the title loan space.
What's the maximum number of loans I can have at the same time?
Texas does not explicitly state the number of outstanding loans you can have at one time. However, to practice healthy financial habits, it is best to only have one loan at a time. Having multiple loans simultaneously can cause you to incur more debt and negatively affect your credit score.
What's the minimum loan term?
The minimum loan term in Texas is seven days, and the maximum is 180 days.