Payday Loans in Texas

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.

My loan was approved within 30 minutes!

How to Get a Fast Cash Loan in Texas?

Requesting a payday loan in Texas from Hermosa Loans is a fast and straightforward process. It's an online process, which can be more convenient than requesting a loan from a brick-and-mortar lender.
Select the Amount that You Would Like to Borrow

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.

Complete Your Request

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.

Get Your Answer

After submitting your loan request, you should receive an answer within a few minutes. We hope everything goes the way you like!

Meet Your Needs

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.

Request Installment and Payday Loans in Texas

Hermosa Loans helps Texans request two types of loans: short-term loans, referred to as payday loans, or long-term loans, referred to as installment loans.
A cash advance or payday loan is meant to be paid back by the borrower's next paycheck. The amount borrowed is usually a few hundred dollars.
An installment loan is similar to a personal loan. It is a larger loan that clients can pay back in a series of equal monthly payments. Most of the time, an online installment loan in Texas is repaid within one year.

What Can I Get a Payday Loan for in Texas?

Sometimes you might require money faster than you can save it up. That's why we are here to help. Texans are free to use their funding to finance a variety of needs and wants.
In many cases, our visitors request an online payday loan to finance the following:
Medical bills
Debt consolidation
Home Improvement
Car repairs
Credit card bills
School supplies

All Credit Types Are Welcome

Texas residents have an average credit score of 650, which is one of the lowest averages in the U.S. As a result, it can make it harder for people in the Lone Star state to find funding. However, Hermosa Loans is a solid choice for those with all credit types.

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.

Be responsible

Before getting a payday loan in Texas, you may want to consider the following:

How much money do you really need? Can you pay back the finance charges? Can you make timely payments? Do you understand the repayment terms and conditions?

These questions are a great start to making smart decisions for a prosperous financial future.

Requirements to Apply for a Cash Advance Loan in Texas

According to Texas state law, Texans can pay back their payday loans between seven and 180 days. The minimum and maximum loan amounts aren't specified. Nonetheless, you can pay back smaller loans in lump sum payments and larger loans in installments.

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.

How to Qualify for a Loan in Texas

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.

Take a Big Step Forward

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.

Frequently Asked Questions

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.