Maximum loan amount is different in every state. When it comes to Texas, it also varies with regards to the customer’s income state and whether it is the first-time loan or not. As a matter of fact, there is no fixed maximum loan amount in the state of Texas. The Average payday loan amount in Texas is $300.
There are no set fees with regards to payday loans in Texas; however, they may not exceed rates authorized in Tex. Fin. Code §§ 342.251-342.259. 7. Besides, in accordance with the Texas Admin Code § 83.604 the maximum APRs for payday loans should be in the following limits: a $350, 30-day loan fee should not exceed 83.43%, while a $100, 7-day loan fee should not exceed 569.92%.
Maximum finance charge for 14-day $100 loan should not exceed $11.87.
APR for 14-day $100 loan should not exceed 309.47%.
No, interest rates and fees may vary with regards to particular lender and area; however, all the lenders in our database abide by Texas laws and comply with the rates and fees terms.
At FEDPAYDAY.com we represent a mediator company that does not offer payday loans or short-term unsecured loan products of any kind in the state of Texas directly. However, we have a very broad database of Texas-based payday lenders who we easily can match you up with. Taking into account your needs and requirements we provide assistance in finding you the most beneficial offer. All our partners are licensed and work in accordance with the Texas state laws.