Online Personal Loans in Texas

Online Personal Loans in Texas
Luke Loftin
on March 19, 2020
Read in 2 min

Getting Personal Loans in Texas – What You Need to Know

The state of Texas may be known for barbecue and bluebonnets, but it’s also been a hub for substantial economic growth over the last several years. In fact, in the last year alone, there have been 350,000 new jobs added throughout the state.

That leaves many Texans with the financial bandwidth to consider taking out a loan for major expenses or life events. While there is currently no maximum fee required of payday lenders in Texas, the maximum loan amount is $1,800. The state also requires lenders to clearly outline the loan terms so you can understand the total cost and repayment responsibilities.

Where can I get a personal loan in Texas?

Personal loans in Texas can be found online and in person. When searching for loans online, make sure the lender is authorized to do business in Texas. If you have any doubts, check with the Office of Consumer Credit Commissioner (OCCC), which can let you know if they’re actually licensed.

For traditional personal loans in Texas, you can also try applying at a bank or credit union. Just know that the process and the funding time may not be as quick as you’d find with online lenders. But if you like asking questions in person, it’s a good option to consider.

What are different types of personal loans found in Texas?

An installment loan is the most common type of personal loan. It can either be secured (which requires collateral) or unsecured (which does not). As you make on-time payments, you’ll build a positive history on your credit report.

The uses for a personal installment loan are extremely broad and can include major expenditures like a home improvement project, life events such as a wedding, or expensive medical bills. You could even use a personal loan in Texas for debt consolidation to potentially help pay off high-interest balances.

Payday loans and auto title loans are also available in the state of Texas. These are often designed for individuals with bad credit. However, the repayment period can be short and may come with high fees. Plus, your payments do not show up on your credit report, so they don’t help rebuild your credit.

What should I watch out for when requesting a personal loan in Texas?

Even if a lender is licensed in Texas, make sure they do good business. Check for unresolved complaints with the OCCC to find out what kind of experiences other borrowers have had. It’s also important to understand the terms of your personal loan in Texas. Understand what happens if you can’t make a payment. Defaulting on an auto title loan, for example, could result in getting your car repossessed.

When researched well, however, many personal loans in Texas can help you get the financing you need to reach a major life goal.

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Disclaimer: This is not legal or financial advice. Please consult a legal or financial advisor for your specific situation.

Luke Loftin Finance Journalist

Luke is a writer and editor based out of Los Angeles.

He specializes in finance, as well as health and wellness.

In his free time, he enjoys watching Astros baseball.

Important Disclosures. Please Read Carefully.

Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. is not a lender or lending partner and does not make loan or credit decisions. connects interested persons with a lender or lending partner from its network of approved lenders and lending partners. does not control and is not responsible for the actions or inactions of any lender or lending partner, is not an agent, representative or broker of any lender or lending partner, and does not endorse any lender or lending partner. receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless,’s service is always free to you. This service is not available in all states. If you request to connect with a lender or lending partner in a particular state where such loans are prohibited, or in a location where does not have an available lender or lending partner, you will not be connected to a lender or lending partner. You are urged to read and understand the terms of any loan offered by any lender or lending partner, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. By submitting your information via this website, you are authorizing and/or lenders and lending partners in its network or other intermediaries to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and Trans Union, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. You also authorize to share your information and credit history with its network of approved lenders and lending partners. For qualified consumers, our lenders offer loans with an Annual Percentage Rate (APR) of 35.99% and below. For qualified consumers, the maximum APR (including the interest rates plus fees and other costs) is 35.99%. All loans are subject to the lender’s approval based on its own unique underwriting criteria. Example: Loan Amount: $4,300.00, Annual Percentage Rate: 35.99%. Number of Monthly Payments: 30. Monthly Payment Amount: $219.36. Total Amount Payable: $6,581.78 Loans include a minimum repayment plan of 12 months and a maximum repayment plan of 30 months. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Lender’s or Lending Partner’s Disclosure of Terms.

The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender or lending partner based on the lender’s or lending partner’s internal policies, underwriting criteria and applicable law. has no knowledge of or control over the loan terms offered by a lender and lending partner. You are urged to read and understand the terms of any loan offered by any lenders and lending partners and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.