Age & Residency
Applicants are generally required to be at least 18 years old and a legal U.S. resident or citizen with a valid government-issued ID.
Installment Loans in Texas
Texas borrowers can find installment loans with predictable monthly payments and transparent APRs. Lenders in our network evaluate income and credit history, expanding your options.
What Is an Installment Loan?
An installment loan provides a lump sum, which is repaid over a fixed term in equal monthly payments. Each payment is applied to both principal and interest, systematically reducing the balance. Unlike a payday loan that requires quick, full repayment, an installment loan distributes the cost over months or years. This structure simplifies budgeting and helps avoid potential debt cycles.
Best forIdeal for managing large, one-time costs like car repairs or medical bills, allowing for repayment over time without depleting a single paycheck.
Compare RatesFast Funding
Approved Texas applicants may receive funds directly in their checking account as soon as the next business day, following the lender's review and final verification.
Bad Credit OK
Lenders often look beyond just a FICO score, considering factors like income and employment stability. This means even Texas applicants with lower credit scores may qualify.
Trusted Lenders
All partner lenders hold a valid OCCC license and comply with Texas disclosure laws. They must present the full APR and all fees before you sign, ensuring no hidden charges.
Typical Lender Requirements
The request may take a few minutes. Here's what most Texas lenders require before they can review your information and decide whether to offer credit.
Verifiable Income
Proof of a steady, recurring income source is necessary, such as from employment or benefits, to show ability to meet monthly payments.
Active Checking Account
A valid checking account is necessary for the electronic deposit of funds and for processing automated monthly repayments during the loan term.
Texas State Regulations
Legal lending restrictions for TX residents.
Max Loan Amount
No Statutory Cap
Lender limits apply based on underwriting.
Max Term
No Statutory Cap
Typically 3 to 60 months, set by lender.
APR/Fees
No Rate Cap
OCCC requires full disclosure before signing.
Rollovers
Allowed (with conditions)
Texas law permits refinancing, but it is regulated by the OCCC to prevent predatory debt cycles.
Information provided is for educational purposes only. Borrowers are encouraged to review all loan terms carefully before signing. Interest rates and fees vary by lender and loan type.
Local Texas Insights
Market Insight: Texas
Texas operates without a statutory APR cap. This contrasts with New Mexico's 36% cap. While this provides a wider lender pool for Texans, it also creates significant rate spreads, making comparison a financial necessity.
Borrower Protection
Protections are in the Texas Finance Code, enforced by the Office of Consumer Credit Commissioner (OCCC). The OCCC licenses lenders and mandates full cost disclosure. File complaints at occc.texas.gov.
Jordan T.
“The application flow was clear and I knew exactly what to prepare before submitting. Funds reached my account the next business day.”
Monica R.
“I used the resources and calculators first, then compared options with much more confidence. The APR breakdown made the math obvious.”
Devon K.
“Their pre-qualification flow showed me three lenders with no origination fee — I would have missed that on my own.”
Priya S.
“Every offer showed APR and total repayment cost up front. No hidden fees in the fine print.”
Andre L.
“I expected to get rejected with my score, but two partner lenders responded with available terms.”
Why Texas residents choose Bromoney
Since Texas law does not cap APRs on installment loans, comparing lenders is critical. We simplify this by connecting you with OCCC-licensed lenders who must disclose the full cost of credit, as required by the Texas Finance Code. This lets you see the APR, total repayment, and monthly payment upfront.
Stay ahead with the Bromoney Payday Loan Calculator
Estimate exactly how much you'll owe before you commit. Enter your loan amount and repayment term to see total costs, including fees and interest, laid out clearly.
Calculate my loanInstallment Loans vs. Alternatives
Payday Loans
Short-term, high-cost loans repaid in a single lump sum on your next payday.
- APRs often range from 300% to 400% or more
- Repayment is due in 14-31 days, not in installments
- High rollover risk can lead to compounding debt
Revolving Credit (Credit Cards)
A flexible credit line you draw from repeatedly, with no fixed payoff timeline.
- No fixed repayment term, as minimum payments can extend debt
- Variable APRs may increase over time
- Credit utilization rate directly affects your credit score
State Availability & Regulations
Installment Loans
The availability, maximum amounts, and APR caps for installment loans differ significantly based on state laws. For example, California caps loans under $10,000 at 36% APR. Texas has no statutory rate cap but regulates fees. Certain states, including New York and Arkansas, prohibit or restrict some online loan products. It is essential to check local consumer finance regulations to understand the terms legally available in a specific jurisdiction.
Questions about this product
Does Texas cap the APR on personal installment loans?
No, Texas does not impose a statutory APR ceiling on personal installment loans. While the Texas Finance Code requires lenders to disclose the full APR and all fees before you sign, the rate is set by the lender. This makes comparing multiple offers essential, as rates for the same borrower can vary significantly, from under 20% to over 100%.
What is the maximum installment loan amount available to Texas borrowers?
Texas law does not set a maximum amount for personal installment loans. The amount you can borrow is determined by each lender's underwriting criteria, which typically includes your income, debt, and credit profile. Offers for Texas residents generally range from $500 to $35,000, but specific limits vary by lender.
Which agency regulates installment lenders in Texas?
The Office of Consumer Credit Commissioner (OCCC) is the primary state regulator for personal lenders in Texas. Any legitimate lender in the state must hold an active OCCC license, which you can verify on the OCCC's official website (occc.texas.gov). The OCCC ensures lenders comply with state disclosure requirements.
Can I get an installment loan in Texas with bad credit?
Yes, getting an installment loan in Texas with bad credit is possible. Many lenders evaluate your entire financial profile, including income and employment stability, not just your credit score. While applicants with scores below 620 may be approved, a lower score typically leads to a higher APR. It's wise to estimate your potential payments before applying.
How is an installment loan repayment scheduled?
Installment loans are repaid in equal scheduled payments over a fixed term, so monthly cost is predictable.
What do I need to apply for a loan on BroMoney?
To apply on BroMoney, you need four categories of information: (1) basic personal details — full name, date of birth, and current address; (2) income and employment information; (3) bank account details for deposit; (4) a Social Security Number or ITIN (Individual Taxpayer Identification Number), accepted by some lender partners in place of an SSN. The online form takes about 5 minutes to complete. In practice, BroMoney uses a soft credit inquiry during matching, which does not affect your FICO score; a hard inquiry occurs only if you proceed with a specific lender's offer and give your consent, and may temporarily lower your FICO score by a few points. Approval is not guaranteed by BroMoney — each lender sets its own eligibility criteria.
Denis Goncharenko5/19/2026
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This page is informational and does not guarantee approval. Actual rates depend on your lender and Texas regulations.
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