Looking for a title loan in Texas? Whether you're looking for secured loans or flexible payment terms, it's important to understand local lending laws and explore your options. Title loans are legal in Texas, but the state has minimal regulations, resulting in high interest rates for borrowers. Apply online or consult us by phone to find the best solution for your financial situation in Texas.
Regulations
Texas does not cap interest rates for title loans, and APRs can exceed 300%. Loans are usually short-term, but renewals are allowed.
Requirements:
- Vehicle title in your name
- Proof of income
- Government-issued ID
- Proof of residency
Important Considerations
Texas borrowers should be aware of the high fees and interest rates associated with title loans. Loan terms must be reviewed carefully.
FAQ Section
Yes, title loans are legal in Texas.
There is no cap, so APRs can be over 300%.
Yes, online applications for title loans are available in Texas.
Statistics about Texas
| Median Household Income | $67,404 |
| Median Gross Monthly Rent | $1,475 |
| Average Family Size (People) | 3.24 |
| Mortgage Loan (Avg) | $345,000 |
| Auto Loan (Avg) | $34,000 |
| Personal Loan (Avg) | $7,400 |
| Student Loan (Avg) | $38,000 |
