Texas Loan Compare

Installment Loans in Texas

Installment loans in Texas provide borrowers with a structured repayment plan, dividing the total loan amount plus interest into equal monthly payments over a predetermined period. This predictability makes installment loans one of the most popular borrowing options in Texas. Unlike payday loans that require full repayment on your next payday, installment loans spread the cost over months or years, reducing the monthly burden. Texas installment loan lenders range from traditional banks to online-only lenders, offering competitive rates for qualified borrowers and flexible options for those with less-than-perfect credit.

Loan Amount
$500 - $25,000
Typical APR
6.99% - 35.99%
Loan Term
6 - 60 months
Funding
Same Day Available

Requirements

  • Minimum credit score of 550 (varies)
  • Steady income source
  • Valid identification
  • Texas residency
  • Active bank account

Pros

  • +Predictable fixed monthly payments
  • +Longer repayment terms than payday loans
  • +Available for various credit profiles
  • +Builds credit history with on-time payments
  • +Larger loan amounts available

Cons

  • -Total interest cost higher over longer terms
  • -Early payoff penalties with some lenders
  • -Origination fees may apply
  • -Rate depends heavily on creditworthiness
Texas focused
State rules and local limits
License first
Check the OCCC before applying
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Loan Payment Calculator

Estimate your monthly payment before you apply.

$12,750
$100$25,000
7.0%
1%36%
12 months
3 mo60 mo
Monthly Payment
$1103.16
Total Payment
$13237.89
Total Interest
$487.89

* This calculator provides estimates only. Actual rates, terms, and payments may vary based on your credit profile, lender, and loan type. APR includes both interest rate and any applicable fees.

Installment Loans by Texas City

Installment in HoustonInstallment in San AntonioInstallment in DallasInstallment in AustinInstallment in Fort WorthInstallment in El PasoInstallment in ArlingtonInstallment in Corpus ChristiInstallment in PlanoInstallment in LaredoInstallment in LubbockInstallment in GarlandInstallment in IrvingInstallment in AmarilloInstallment in Grand PrairieInstallment in BrownsvilleInstallment in McKinneyInstallment in FriscoInstallment in PasadenaInstallment in Killeen

Texas Installment Loans Regulations

Texas regulates consumer lending through the Texas Finance Code and the Office of Consumer Credit Commissioner (OCCC). Key regulations affecting installment loans in Texas include:

  • Licensing: All lenders and Credit Access Businesses (CABs) must be licensed with the OCCC.
  • Fee Disclosure: Under the Truth in Lending Act (TILA), lenders must clearly disclose the APR, finance charges, total amount financed, and total of all payments before you sign.
  • No Usury Cap (Most Loans): Texas does not have a traditional usury cap for consumer loans arranged through CABs, meaning interest rates can be high. Always compare offers carefully.
  • Right to Cancel: Texas law provides a right to cancel certain loan agreements within specific timeframes.
  • Collection Practices: The Texas Debt Collection Act prohibits abusive, deceptive, and unfair debt collection practices.
  • Military Protections: The Military Lending Act caps APR at 36% for active-duty service members and their dependents.

For complaints or questions, contact the Texas OCCC at (800) 538-1579.