Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Arlington, TX, payday loans are regulated by both state law and a specific local city ordinance. Lenders in Texas often operate as Credit Access Businesses (CABs). This means your total cost will typically include both interest and a CAB fee. Under Arlington's local ordinance, payday loans cannot exceed 20% of the borrower's gross monthly income. We encourage all borrowers to review their loan agreements carefully to understand the total cost of credit.
Annual Percentage Rate (APR)
200% - 700% (Includes interest and Credit Access Business fees)
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $300 | 14 Days | 450% | $51.78 | $351.78 |
| $500 | 30 Days | 520% | $213.70 | $713.70 |
| $1,000 | 30 Days | 410% | $336.98 | $1,336.98 |
Representative Example: A $500 loan for 30 days at a 520% APR would have a total repayment amount of $713.70. This includes interest and all applicable fees. Actual APRs vary significantly based on the lender, loan amount, and repayment term.
State-Specific Information — Texas
Maximum Loan Amount: No state limit, but Arlington City Ordinance limits loans to 20% of gross monthly income.
Rate Cap: No state cap on fees; local Arlington ordinance applies to loan structures.
Regulations: Texas Finance Code Chapter 393 | Arlington City Ordinance No. 11-067
Licensing: Lenders must be licensed by the Texas Office of Consumer Credit Commissioner (OCCC) and registered as a CAB.