Payday Loans in Corpus Christi

Hermosa Loans works with Texans throughout the state who need fast funding. If you’re a Corpus Christi resident, we encourage you to complete an online loan request form.

Request Long and Short-Term Cash Loans in Corpus Christi, Texas

If you are looking to get a short-term payday advance or a long-term installment loan, Hermosa Loans may help you connect with a lender in Corpus Christi and everywhere.
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,

or 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 months, depending on the borrowed amount.

Auto Title Loan

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

To request a title loan in Corpus Christi, most lenders may ask for the following documents:

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

How Much Can I Borrow Near Me in Corpus Christi, Texas?

In Corpus Christi, Hermosa Loans operates as a loan request service. We are not a loan provider, and the payday lending decision is not up to us. Instead, we work with consumers to connect them to lenders who may be willing to offer short and long-term loans. Ultimately, the borrower’s eligibility is at the lender’s discretion.

  • The payday loan industry in Texas is regulated by the Texas Office of Consumer Credit Commissioner (OCCC), and Texas payday loan companies must abide by the rules and regulations imposed by the OCCC.
  • According to Texas state law, residents can repay their loans between seven and 180 days. The annual percentage rate is not specified 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, Corpus Christi payday loans or cash advances can not exceed 20% of the borrowers' gross monthly income. However, they can renew or rollover 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 in Corpus Christi, Texas?

Before you fill out our loan request form, make sure that you meet the basic requirements to borrow money in Corpus Christi. Payday lenders differ, but 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?

Once you collect your money from the payday loan company, you can immediately address your monetary problem. Upon collection, you may be able to use the quick cash to cover an emergency expense, such as:
Unexpected bills
Medical bills
Debt consolidation
Credit card bill
Car repairs
Home repairs

Note that lenders may use your personal information to verify your identity and perform a credit check through a credit bureau.

How Do I Pay Back My Loan in Corpus Christi, Texas?

Hermosa Loans is not a direct lender. Hence you do not make any payments to us. Instead, lenders in our network near you may present you with several repayment options.

  • The preferred repayment method for lenders in Corpus Christi 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 connect with a lender who may be willing to work with you.

Frequently Asked Questions

What are the requirements to qualify for a loan in Corpus Christi?

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 Corpus Christi. 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 Corpus Christi?

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?

The city of Corpus Christi 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 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 Corpus Christi is seven days, and the maximum is 180 days.