Payday Loans by City in Texas
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Elite Payday Loans is a direct payday lender serving Texas residents, including Houston, Dallas, and San Antonio. Apply online in minutes for a payday loan, with a decision the same business day.
Texas payday loans at a glance: Payday loans are legal in Texas and regulated by the Texas Finance Code under Tex. Fin. Code § 393.601-393.628. Lenders must disclose the full APR and due date before you sign.
Rules current as of July 2026.
Governing law: Tex. Fin. Code § 393.601-393.628
There is no explicit APR cap for payday loans in Texas. Payday lending operates under the Credit Access Business (CAB) model, allowing lenders to charge fees for arranging loans with third-party lenders. A license is required to operate, as per Tex. Fin. Code § 393.601-393.628.
| Loan Amount | Term | APR (est.) | Fee / Interest | Total Due |
|---|---|---|---|---|
| $100 | 14 days | 600% | $23 | $123 |
| $300 | 14 days | 600% | $69 | $369 |
| $500 | 14 days | 600% | $115 | $615 |
Texas has no APR cap. Payday lending uses the Credit Access Business (CAB) model, where a fee is added on top of a third-party lender's interest. State data (Texas OCCC, 2024) shows a typical single-payment APR around 537%, or roughly $20 to $25 per $100 for a two-week loan. The example above uses about $23 per $100. Your exact rate is set by your loan agreement, so ask for the full cost before you sign.
Texas residents should be aware that payday loans may involve high fees due to the lack of an APR cap. Municipal ordinances in cities like Dallas, Austin, and San Antonio may impose additional restrictions.
Consumers are protected by municipal ordinances in cities such as Dallas, Austin, and San Antonio, which limit loan amounts and rollovers. Lenders must be licensed, and consumers can verify licenses through the Texas Finance Code.
Complaint Agency: Office of Consumer Credit Commissioner
Verify Lender License: https://statutes.capitol.texas.gov/Docs/FI/htm/FI.393.htm
Rollover policy for Texas: unknown. Before rolling over or renewing a payday loan, contact your lender to understand any additional fees and your total repayment obligation.
| Federal Protection | What It Means | Who It Covers |
|---|---|---|
| CFPB Payday Rule | The CFPB issued a regulation adopting a two-strikes-and-you’re-out rule for covered lenders. Under that rule, after two tries to withdraw money from a borrower’s account have failed, covered lenders can’t try again unless the borrower specifically authorizes another attempt. | All states |
| Military Lending Act (MLA) | 36% MAPR cap. The Military Lending Act (MLA) limits the amount a creditor may charge, including interest, fees, and charges imposed for credit insurance, debt cancellation and suspension, and other credit-related ancillary products sold in connection with the transaction. The total charge, as expressed through an annualized rate referred to as the Military Annual Percentage Rate (MAPR), may not exceed 36 percent. | Active-duty service members |
| Electronic Fund Transfer Act (EFTA) | A lender cannot require you to repay by automatic bank (ACH) debit as a condition of getting the loan. You may choose another way to pay. | All states |
CFPB rule source: https://www.consumerfinance.gov/payday-rule/
Yes. Payday lending is legal in Texas, regulated under Tex. Fin. Code § 393.601-393.628. Licensed lenders must follow the state's limits on loan amounts, terms, and fees, and disclose the full APR and due date before you sign. Confirm a lender is state-licensed before you borrow.
No. Texas does not set a maximum APR on payday loans under Tex. Fin. Code § 393.601-393.628. Because there is no rate cap, effective APRs on these short-term loans are often several hundred percent. Compare the total dollar cost and the repayment date in the loan agreement before you accept an offer.
In Texas, payday loans are arranged through the Credit Access Business (CAB) model. The storefront or website you apply with acts as a credit services organization that arranges the loan with a third-party lender and charges a separate CAB fee for doing so. This is why Texas sets no APR cap, and it means your real cost is driven by that fee, so compare the total dollar amount you will repay before you accept an offer.
Yes. Several Texas cities enforce their own payday loan ordinances on top of state law, including Dallas, Austin and San Antonio. One example: Dallas ordinance limits payday loan amounts to 20% of the borrower's gross monthly income and restricts rollovers. If you borrow in one of these cities, the local ordinance applies in addition to Texas state rules, so confirm the city's limits before you sign.
Explore the full Elite Payday Loans suite of short-term lending options: Payday Loans, Cash Advance Loans, Bad Credit Loans, Same Day Loans, or find a location near you in our Texas Locations Directory.
Have a general question about how payday loans work, what you need to apply, or how funding works? Our Payday Loan FAQ answers the questions that apply everywhere, while this page covers the rules specific to Texas.
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All loans provided by Elite Payday Loans are subject to approval through our standard underwriting process. Rates, fees, repayment terms, and product availability are determined by the applicant's state of residence and individual financial profile. Not all applicants will be approved, and approved loan amounts may fall below the maximum advertised. Applicable terms and conditions apply to every loan product. Our lending products are designed for short-term financial needs and should not serve as a replacement for a long-term financial strategy. Borrowers who are experiencing ongoing financial difficulty should consider consulting a licensed credit counselor. Applications submitted online may require verification of submitted information before funds are released, which could add up to two business days to the disbursement timeline.
Submitting an application to Elite Payday Loans will not affect your FICO® Score. As part of our review, we may obtain information from a non-traditional consumer reporting agency. An inquiry of this type may appear on your record with that agency; however, it will not influence your FICO® Score.
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