Payday Loans in Sugar Land

Hermosa Loans works with Texans throughout the states. If you’re a Sugar Land resident, we invite you to request a financing option.

Request Short-Term Loans and Long-Term Loans in Sugar Land, Texas

Whether you are looking to borrow a short or long-term loan, Hermosa Loans can help you get started.
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 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 months, depending on the borrowed amount.

Auto Title Loan

Auto title loans are also an alternative loan option. This is a secured loan, which means the borrower uses their vehicle’s title as collateral for the loan.

The loan term depends on the amount borrowed. For example, Sugar Land residents may get around 25% to 50% of their vehicle’s value. If the loan applicant defaults on their title loan, the provider 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 Sugar Land, Texas?

In Sugar Land, 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 for a loan is at the lender’s discretion.

  • The Texas Office of Consumer Credit Commissioner (OCCC) regulates the payday loan industry. Therefore, every loan company must abide by the rules and regulations of the OCCC.
  • According to Texas law, Sugar Land 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 higher interest rates.
  • According to city law, Sugar Land residents cannot borrow payday loans 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 Sugar Land, Texas?

Before filling out our loan request form, make sure that you meet the basic requirements for cash advance loans in Sugar Land. Requirements differ by lender, but applicants must:

Be a Texas resident

Be at least 18 years of age

Have a steady source of income

Have a checking account

If you have a savings account instead of a checking account, a lender may still be willing to work with you. Some lenders may even choose to provide you cash disbursements.

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

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

How Do I Pay Back My Loan in Sugar Land, Texas?

Hermosa Loans is not a direct lender. Therefore, Sugar Land residents don’t make any repayments to us. Instead, borrowers pay the lenders in our network who may present several repayment options.

  • The preferred repayment method for lenders in Sugar Land 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 connect with a lender.

Frequently Asked Questions

What are the requirements to qualify for a loan in Sugar Land, TX?

When submitting an application for a loan, the lender will ask you for personal and financial information. These documents often 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?

APR in Sugar Land often ranges around 400% to 500%. 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 Sugar Land, TX?

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?

Sugar Land 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 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 Sugar Land is seven days.