Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Texas, the regulatory environment for short-term lending is unique. Most payday and auto title lenders operate as Credit Access Businesses (CABs). While third-party lenders in Texas are capped at a 10% annual interest rate by the state constitution, CABs charge separate, unregulated fees for arranging and guaranteeing the loan. Because these CAB fees are not strictly capped by state law, the effective Annual Percentage Rate (APR) on a short-term payday loan in Texas frequently ranges from 200% to over 500%. The specific rates and fees you are offered will depend entirely on the lender, the loan type, your credit profile, and the loan amount. Installment or personal loans may have longer repayment terms and different fee structures. Always read the detailed fee schedule and CAB disclosures provided by your matched lender before signing any agreement.
Annual Percentage Rate (APR)
5.99% to over 400%
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $300 | 14 Days | 410% | $48 CAB Fee + $1.15 Interest | $349.15 |
| $500 | 30 Days | 460% | $120 CAB Fee + $4.10 Interest | $624.10 |
| $1,000 | 6 Months | 210% | $250 Origination/CAB Fee + Interest | $1,385.00 |
Representative examples only. Actual loan rates, CAB fees, and terms will vary based on the specific lender you are matched with, your creditworthiness, and the exact loan amount. We are a matching service, not a direct lender, and do not determine or guarantee your exact loan terms.
State-Specific Information — Texas
Maximum Loan Amount: No state-mandated maximum, but loans are typically limited to 20% of the borrower's gross monthly income by lenders.
Rate Cap: No strict APR cap in Texas; CAB fees are largely unregulated resulting in typical APRs of 200% to 500% or more.
Regulations: Governed by the Texas Finance Code Chapter 342; CABs must provide specific fee disclosures. Local city ordinances may also apply.
Licensing: Lenders and Credit Access Businesses must be licensed by the Texas Office of Consumer Credit Commissioner (OCCC).