Payday Loans in Arlington, Texas

Hermosa Loans works with Texans throughout the state. If you’re an Arlington resident, we encourage you to complete an online loan request. We may be able to help.

Request Long and Short-Term Cash Loans in Arlington, Texas

Whether you are looking to get a short-term cash advance or a long-term installment loan, Hermosa Loans may help you connect with a lender.
A short-term loan

is also known as a payday loan or cash advance. These are small-dollar loans that are usually repaid in a lump sum within two weeks.

A long-term loan,

also referred to as an installment loan, is a larger sum loan. Installment loans are repaid in equal monthly payments over a period of time. These loans are usually repaid within six to 12 twelve months, depending on the borrowed amount.

Auto Title Loans

A title loan is a secured loan that can be used as an alternative to payday loans in Arlington. The borrower uses their vehicle’s title as collateral to secure the loan. The loan term depends on the amount borrowed. For example, Arlington residents may get around 25% to 50% of their vehicle’s value. If the loan applicant defaults on the title loan, the lender may legally repossess the car.

To request a title loan in Arlington, the lender may ask for the following documents:

Government-issued ID Lien-free car title Bank account Proof of residency

How Much Can I Borrow in Arlington, Texas?

In Arlington, Hermosa Loans operates as a loan request service near you. We are not a loan provider, and the payday lending decision is not up to us. Instead, we work with consumers to try to connect them to lenders who may be willing to offer financing. Ultimately, the borrower’s eligibility for a loan will be determined by the lender.

  • The Texas Office of Consumer Credit Commissioner (OCCC) regulates Texas payday loans. Therefore, every loan company must abide by the rules and the regulations of the OCCC.
  • According to Texas state law, Arlington residents can repay their loans between seven and 180 days. The APR is not stated and depends on the lender and borrowed amount. Keep in mind that borrowers with lower credit scores may have to pay higher interest rates.
  • According to city law, Arlington payday loans that surpass 20% of their gross monthly income are not allowed. On the other hand, Arlington residents can renew or roll over their loans up to three times.
  • Moreover, installment loans should be repaid in four equal payments. As a result, each payment must be 25% of the principal amount.

How to Qualify for a Payday Loan Near You in Arlington, Texas?

Before requesting an online loan from our website, ensure that you meet the basic requirements to qualify for a loan in Arlington. Applicants must:

Be a Texas resident

Be at least 18 years of age

Have a steady source of income

Have a checking account

I Was Qualified for a Loan; Now What?

Let us be the first to congratulate you! Upon collection of your payday loan from the lender, you may be able to use the cash to cover an emergency expense, such as:
Unexpected bills
Medical bills
Debt consolidation
Credit card bill
Car repairs
Home repairs

Note that lenders will use your personal information to conduct a credit check.

How Do I Pay Back My Loan in Arlington, Texas?

Hermosa Loans is not a direct lender. Therefore, borrowers do not make any payments to us. Instead, lenders in our network may offer you several repayment options.

  • The preferred repayment method for lenders in Arlington is an automatic withdrawal from the borrower’s checking account. Although rare, you may be able to repay your loan using post-dated checks, a debit card, or cash payment.

Request up to $5,000 Now

Hermosa Loans works with a vast network of lenders and may offer more loan options to borrowers.
If you are searching for a short or long-term loan, complete our request form to see if you qualify.

Frequently Asked Questions

What are the requirements to qualify for a loan in Arlington, Texas?

While each lender will set its own requirements, they'll typically ask for financial and personal documents. This information includes 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?

Typically, APR is around 400% to 500% in Arlington. However, the rate can be higher based on the borrower's credit score, income, and credit history. Most often, borrowers with lower scores will have higher interest rates, and borrowers with higher scores may enjoy lower rates.

Does Hermosa Loans provide title loans in Arlington?

Currently, Hermosa Loans does not connect consumers to title loan lenders. Instead, Hermosa Loans may be able to connect eligible consumers to lenders who may offer them short-term and long-term loans. Your options may include cash advances, payday loans, or installment loans.

What's the maximum number of loans I can have at the same time?

Alrington doesn't specify how many outstanding loans a borrower can have at one time. To be on the safe side, it is best to only take out one cash loan at a time. Having multiple payday loans simultaneously can cause you to incur more debt and negatively affect your credit score.

What's the minimum loan term in Arlington, TX?

The minimum loan term in Arlington is seven days, and the maximum is 180 days.