Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Texas, payday loans are often facilitated through Credit Access Businesses (CABs). These businesses charge a fee to connect you with a third-party lender and service the loan. In Corpus Christi, specific city ordinances are in place to protect borrowers, including limits on loan amounts based on your gross monthly income. Rates vary significantly depending on the lender you are matched with, the amount borrowed, and the duration of the loan. Always review the Truth in Lending disclosure provided by your lender before signing any agreement.
Annual Percentage Rate (APR)
300% - 700% (Varies by lender and loan term)
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $500 | 14 Days | 460% | $88.22 | $588.22 |
| $300 | 14 Days | 490% | $56.38 | $356.38 |
| $1,000 | 30 Days | 390% | $320.55 | $1,320.55 |
Representative Example: A $500 loan for 14 days with a 460% APR would have a total repayment amount of $588.22. This example is for illustrative purposes only. Actual rates, fees, and terms are determined by the individual lender and may vary based on your creditworthiness and state laws.
State-Specific Information — Texas
Maximum Loan Amount: No state limit, but Corpus Christi limits loans to 20% of gross monthly income.
Rate Cap: No statutory cap on CAB fees, but interest is limited to 10%
Regulations: Texas Finance Code Chapter 393; Corpus Christi City Ordinance 030101.
Licensing: All lenders must be licensed through the Texas Office of Consumer Credit Commissioner (OCCC) and registered as a CAB if applicable.