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