Rates & Fees for payday loans Texas (TX) Online

Explore your state to review following applicable laws and regulations av iling payday loan rates and fees in your state.

There is no charge for making your application for an online payday loan through Payday Loans Texas. We do not charge you for introducing you to our lenders and we will never ask you to make any payments to Payday Loans Texas. Payday Loans Texas is an introduction service and we are not an online payday loans lender. We do not operate as a lender and do not provide loan services. Payday Loans Texas will take the information you provide and will introduce to one or more lenders from our extensive network.

All lenders are required by federal law to disclose all fees, charges and interest rates before you take out your loan. This information will be provided to you by the lender you have selected at the same time as you are informed that your loan has been approved. Payday Loans Texas cannot provide you with this information, as all of our lenders will offer slightly different terms. When you are happy with the terms and conditions that you have been offered, your lender will help you through the process of accepting your loan, including the use of an e-signature page.

Each of our online payday loan lenders has their own policy regarding late payments. It is essential that you read and understand the policy that your lender follows before you take out your loan. Completing the electronic signature process and receiving the money is an acceptance of the loan terms, so it is important that you are sure that you are happy with those terms before taking this step. Although lenders do have different policies, all our network of lenders abide by state and federal legislation governing late payment of loans. If you are unsure about the rules regarding late payments in your state, use our guide below to see what rules lenders are required to follow in your state.

All our lenders will provide you with full documentation to explain all of the information you need regarding your loan, including the details of applicable interest rates and any fees that it is possible to incur. Please ensure that you have read and understood this information before accepting your loan, as you will be bound by these terms, whether you have read them or not. It will not be possible to alter or amend these terms once the loan has been transferred to your account. Please note that you are not under any obligation to proceed with a loan if the terms and conditions are not acceptable to you. Problems repaying your loan can have significant, long-term effects on your credit rating, so you should make sure that you are able to repay your loan at the interest rate quoted on your contract and in the timeframe agreed. If you are happy to proceed under the terms and conditions provided by your lender, you are able to follow the instructions given to complete your e-signature and begin your loan.

Payday Loans Texas have no control or influence over the fees and interest you are offered. These are the sole responsibility of your lender and are based on the information that you have provided. Payday Loans Texas do not receive notification or access to the terms and conditions of your loan. Submitting your details to our online form is a request for a no-obligation quote. There is no requirement to proceed with any loan that you do not believe fulfils your needs or that is not suitable for your personal situation.

Failure to repay any loan can have serious consequences. Almost all lenders will apply additional fees or charges to your debt in the event of non-payment, and these can become very costly. Payday Loans Texas take our responsibility to you very seriously, and we work hard to ensure that we partner with responsible lenders who work to industry best practice in their collections policies and the ways they approach borrowers who are struggling with repayments. Our lenders are bound by the relevant state legislation, as well as the federal rules regarding collection. If you are unsure about the regulations applicable in your state, please use our quick reference guide below.

Loan renewals can be extremely useful to some clients, but can prove costly to others. Automatic renewal of payday loans (with associated charges) are commonly referred to as ‘rollovers’ and are restricted in some states but not in all. The state regulations are shown in our quick reference guide below. Please note that these rules are the state regulations and reflect the maximum number of rollovers legally permitted. Many lenders will operate their own policies that are more restrictive than this. For full, accurate information about the exact rules and terms around your loan, please refer to the terms and conditions you will have been sent by your lender when offered your loan. You should always read and understand this information before agreeing to your loan.

Payday Loan Regulations by State

A quick reference guide to state level legislation and regulations regarding online payday loans. Find your state to see the rules your lender will need to abide by.

State: Alabama

Charges: This should not exceed 17.5% of the amount. Also $10 fee for every loan request is permitted. If the loan period expires 3% extra is charged.

MAX LOAN AMOUNT

$299

State: Alaska

Charges: Fees should not exceed 15% of the loan amount and are charged as a non-refundable originating fee. A $20 fee for business costs is also permitted.

Maximum Loan Permitted

$500

State: Arizona

Charges: Fees should be capped at 36% of annual fees. The state permits repayment of past due fees.

MAX LOAN AMOUNT Permitted

N/A

State: Arkansas

Charges: Annual fee capped at Federal reserve Discount Rate plus 5%. Clients are only permitted one loan, with no period of overlap. Fees must not exceed $400

MAX LOAN AMOUNT

N/A

State: California

Charges: Loans over $45 have a maximum 15% deferred deposit transaction fee.

MAX LOAN AMOUNT

$300

State: Colorado

Charges: Maximum charge of 7.5% per month, with a documentation fee of below $75. $30 per month is the maximum maintenance fee. Rollovers are permitted with additional charges of 45% per annum.

MAX LOAN AMOUNT

$500

State: Connecticut

Charges: Interest below 30.3%. Late fees can be levied.

MAX LOAN AMOUNT

N/A

State: Delaware

Charges: Cash advances of a total of $1000 is allowed at one time. The fee attached to this loan has no limit.

MAX LOAN AMOUNT

$500

State: District of Columbia

Charges: Loans of this type are not permitted. These regulations are constantly being updated, so please do check back in the future to see whether the rules have changed.

MAX LOAN AMOUNT

Loans which are Prohibited

State: Florida

Charges: Fees must be below 10% of the loan value, but verification fees and a 15% loan operation fee are permitted. Total annual fees should not exceed 390%

MAX LOAN AMOUNT

$500

State: Georgia

Charges: Loans of this type are not permitted. These regulations are constantly being updated, so please do check back in the future to see whether the rules have changed.

MAX LOAN AMOUNT

Loans prohibited

State: Hawaii

Charges: Fees should not be in excess of 15% of the loan amount. 17.65% is permitted per fortnight for administration.

MAX LOAN AMOUNT

$600

State: Idaho

Charges: No restrictions apply

MAX LOAN AMOUNT

$1000

State: Illinois

Charges: Fees limited to 15.5% with annual fees capped at 99%.

MAX LOAN AMOUNT

$1000 or 22.5% of gross monthly income, whichever is lower.

State: Indiana

Charges: For loans of up to $250 interest is capped at 15%. For those between $250 and $400 interest is capped at 13%. For loans between $400 and $500, interest will be around 10%.

MAX LOAN AMOUNT

$500 or 20% of gross monthly income, whichever is lower

State: Iowa

Charges: for loans of up to $100, interest is capped at $15. Interest on larger loans increases by $10 per $100 borrowed. 14 day loans should not have fees that exceed 16.67%

MAX LOAN AMOUNT

$500

State: Kansas

Charges: Interest capped at 15%, with an additional 15% finance fee. Once the loan has matured, fees should not exceed 3%

MAX LOAN AMOUNT

$500

State:

Charges:

MAX LOAN AMOUNT

$

State: Kentucky

Charges: Maximum $15 service fee per $100 borrowed. Service fees cannot exceed 17.65%

MAX LOAN AMOUNT

$500 charge applied to all payday loans.

State: Louisiana

Charges: : $5 maximum originating fee. Annual charges limited to 16.75% or $45 (whichever is lower) and 36% annual interest fee. Maximum finance fee is 25%.

MAX LOAN AMOUNT

$350

State: Maine

Charges: $15 for loans under $250. For larger loans, this is increased to $25. The maximum charge is 30%.

MAX LOAN AMOUNT

N/A

State: Maryland

Charges: Licensed cheque cashing firms are limited to 33% per annum or 2.75%, whichever is lower.

MAX LOAN AMOUNT

N/A

State: Michigan

Charges: Fees can be charged for each rollover, in addition to interest. This should not exceed 15% of the initial rollover or 14% of a third rollover. Lenders are able to charge a verification fee when setting up the loan.

MAX LOAN AMOUNT

$600

State: Minnesota

Charges: For loans of up to $50 there is a $5.50 charge. For those between $50 and $100 the charge is $5 plus 10%. For loans between $100 and $250, the charge is $5 plus 7%. For loans from $250 to the maximum, the charge is $5 plus 6%. After maturity, this should not exceed 2.75%.

MAX LOAN AMOUNT

$350

State: Mississippi

Charges: Lenders are not allowed to charge indirectly or direct a fee or some other consideration or their act of cashing deposit checks in excess of around 18%. Also 22% additional finance fee may be levied.

MAX LOAN AMOUNT

$400

State: Missouri

Charges: Accumulated interest and fees must be below 75%

MAX LOAN AMOUNT

$500

State: Montana

Charges: Must be below 36% annually, including the insufficient funds fee.

MAX LOAN AMOUNT

$300 (with a minimum of $50)

State: Nebraska

Charges: Charges should be at 15%, with an additional 17.65% for services provided by the lender.

MAX LOAN AMOUNT

$500 for every payday loan at any time.

State: Nevada

Charges: No restrictions

MAX LOAN AMOUNT

25% of monthly gross income

State: New Hampshire

Charges: Interest should not be in excess of 36% per annum

MAX LOAN AMOUNT

$500

State: New Jersey

Charges: Loans of this type are not permitted. These regulations are constantly being updated, so please do check back in the future to see whether the rules have changed.

MAX LOAN AMOUNT

Prohibited Loans

State: New Mexico

Charges: $0.50 verification fee. Total charges must be below 15.5%

MAX LOAN AMOUNT

: Loan plus fees must not be in excess of 25% of gross monthly income.

State: New York

Charges: Charges must be below 16% of first principle amount.

MAX LOAN AMOUNT

N/A

State: North Carolina

Charges: Check cashing companies are not permitted to charge more than 36% per annum

MAX LOAN AMOUNT

N/A

State: North Dakota

Charges: Service fee must be below $20. Interest can be charged at 20% in addition to the service fee.

MAX LOAN AMOUNT

$500

State: Ohio

Charges: Interest must be below 28% per annum. An additional 1.08% fee may also be charged.

MAX LOAN AMOUNT

$500

State: Oklahoma

Charges: Finance charge of $15 is permitted. Interest should be below $15 per $100 for loans up to $300. For loans over $300, this is reduced to $10 per $100 borrowed.

MAX LOAN AMOUNT

$500

State: Oregon

Charges: Loans may not be over 36% annually. A registration fee is permitted for new loans.

MAX LOAN AMOUNT

A 30% rate from gross monthly income.

State: Pennsylvania

Charges: Obtaining a payday loan in Pennsylvania is becoming difficult, as payday lenders are under tight restrictions. Please contact your lender directly to discuss.

MAX LOAN AMOUNT

N/A

State:

Charges:

MAX LOAN AMOUNT

$

State: Rhode Island

Charges: Original fee must not be in excess of 15%. Interest is also capped at 15%.

MAX LOAN AMOUNT

For all payday loans $500 at any time.

State: South Carolina

Charges: Interest is capped at 15%. Charges subsequent to originating fees are permitted.

MAX LOAN AMOUNT

For all payday loans $500 at any time.

State: South Dakota

Charges: There are no specific regulations limiting fees or charges.

MAX LOAN AMOUNT

$500

State: Tennessee

Charges: Interest is capped at 15%. Finance charge should be below 17.65%

MAX LOAN AMOUNT

$500 usually for a maximum of 3 payday loans at the same time.

State: Texas

Charges: Originating fee should not be in excess of $10 with interest capped at 48% and 12% finance fees.

MAX LOAN AMOUNT

N/A

State: Utah

Charges: There are no specific regulations limiting fees or charges.

MAX LOAN AMOUNT

N/A

State: Vermont

Charges: Fees should not be in excess of 18% per annum..

MAX LOAN AMOUNT

$500

State: Virginia

Charges: Maximum $5 verification fee. Interest is capped at 36% and 20% finance fees.

MAX LOAN AMOUNT

$500

State: Washington

Charges: Fees should be below 15% for the first $500 borrowed and 10% for any amount over. $15 service fee is also permitted.

MAX LOAN AMOUNT

: $700 or 30% of gross monthly income, whichever is lower

State: West Virginia

Charges: Loans of this type are not permitted. These regulations are constantly being updated, so please do check back in the future to see whether the rules have changed.

MAX LOAN AMOUNT

N/A

State: Wisconsin

Charges: There are no fees amount limits.

MAX LOAN AMOUNT

35% or $1500 of gross income every month depending on which is less.

State: Wyoming

Charges: Fees should not be in excess of 20% of the monthly principle or $30, whichever is larger.

MAX LOAN AMOUNT

N/A

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