Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
Title loans in Texas are typically structured as Credit Access Business (CAB) loans. This means you pay a lender interest plus a fee to the CAB for arranging the loan. In Houston, city ordinances require that loans do not exceed 3% of the borrower's gross annual income or 70% of the vehicle's retail value. Most loans are initially set for 30 days but can often be extended, provided the principal is being paid down as required by local Houston law. This unique structure ensures that borrowers are steadily working toward full repayment rather than staying in a cycle of debt.
Annual Percentage Rate (APR)
150% - 350% (Varies by lender and TX law)
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $1,000 | 30 Days | 304% | $250 | $1,250 |
| $2,500 | 6 Months | 210% | $1,400 | $3,900 |
| $5,000 | 12 Months | 185% | $3,200 | $8,200 |
This table is a representative example for Houston, TX. Actual APRs, fees, and terms vary significantly based on the lender you are matched with, your vehicle's value, and your income. Under Houston Ordinance, refinances are limited and require principal reduction.
State-Specific Information — Texas
Maximum Loan Amount: Limited to 3% of borrower's annual income or 70% of vehicle value in Houston.
Rate Cap: No statutory cap, but rates are influenced by CAB fee structures and city ordinances.
Regulations: Texas Finance Code Chapter 393 and Houston City Ordinance Chapter 28.
Licensing: Lenders must be licensed as Credit Access Businesses (CAB) by the Texas OCCC and registered with the City of Houston.