Payday Loans in Houston

Hermosa Loans works with Texans throughout the state. If you’re a Houston resident, we invite you to complete an online loan request.

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

Whether you are looking to borrow a short term payday advance or long-term installment loan, Hermosa Loans may be able to help.
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, Houston residents may get around 25% to 50% of their vehicle’s value. If the borrower defaults on their title loan, the lender may legally repossess the car.

To request a title loan, 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 Houston, Texas?

In Houston, 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 connect them to lenders who may be willing to offer short and long-term loans. Ultimately, the borrower’s eligibility for a loan is at the lender’s discretion.

  • The Texas Office of Consumer Credit Commissioner (OCCC) regulates the payday loan industry in Texas. Therefore, every loan company must abide by the rules and the regulations of the OCCC.
  • According to Texas state law, Houston payday loans can repayed within seven to 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, Houston residents cannot borrow payday loans in Texas that surpass 20% of their gross monthly income. On the other hand, borrowers 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 Houston, Texas?

Before requesting a payday loan in Houston near you, make sure you meet the basic requirements. 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?

Upon collection of your payday loan from the lender, you may be able to use the cash to cover emergency expenses, 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 Houston, 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 Houston 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 Houston, TX?

Every lender has its own requirements. Most often the lender will ask for personal and financial information. These documents may include 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?

In Houston, APR often ranges around 400% to 500%. However, the rate can be higher based on the borrower's credit score, income, and credit history. Often, borrowers with lower scores will have higher interest rates, and borrowers with higher scores may have lower rates.

Does Hermosa Loans provide title loans in Houston, TX?

Hermosa Loans doesn't connect consumers to title loan providers. 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 Houston doesn't specify the number of outstanding loans a borrower can have at one time. To be safe, it is best to only take out one loan at a time. Having more than one loan can cause you to incur more debt and negatively affect your credit score.

What's the minimum loan term?

The minimum loan term in Houston is seven days.