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Compare short-term loans in San Antonio, Texas
Learn more about payday loans available and see how much it'll cost you.
You might be facing a financial situation that's out of your control. An unexpected bill can be difficult to get over when you're already struggling to keep up with your regular expenses. A payday loan is designed to help in this situation. Read our article to find out how you can use one as a quick patch to get you by when you're in need.
Can I get a payday loan in San Antonio?
Payday loans in San Antonio are governed by multiple Texas laws, the main one being Texas Financial Code Ann. §§342.251 et seq. Loan terms vary depending on how much you borrow, but can be broken down as follows:
- Less than $100. Six months or one month per $10
- More than $100. One month per $20
There isn’t a limit on the amount a lender in Texas can charge in the form of financing fees, but acquisition charges depend on how much you borrow. If you default on your loan, you’ll also be responsible for collection charges.
Read your loan contract carefully before signing to be sure you can afford the full cost of your loan.
You can read about the general payday loan laws of Texas here
Must read: How does the San Antonio city ordinance work?
Because Texas has failed to pass legislation that would help control payday lending in the state, many cities have taken it upon themselves to enact ordinances that control credit access businesses (CABs).
In San Antonio, consumers can borrow no more than 20% of their gross monthly income. All loan contracts must include a bilingual form that states how payment and interest works and the alternative options to payday loans. Additionally, you may renew a loan three times but must first reduce the principal by 25%.
These ordinances are designed to help protect people from predatory loans that attempt to trap consumers in a cycle of debt.
What are the benefits of a payday loan in San Antonio?
- You can renew your loan. You can renew your loan up to three times as long as you reduce the principal amount by 25% each time. Keep in mind that lenders can charge extra for this process, so only renew your loan if you’re sure you won’t be able to make the payment.
- Quick processing. Whether you apply online or in-store, you can expect to know if you’ve been approved within hours of applying. In most cases, you’ll know within a few minutes.
- Get your funds in any form. If you want to have your loan as cash or check, you can visit a storefront to take out your loan. If you want your loan deposited directly into your bank account, find an online lender that offers next business day funding.
How do I apply for a payday loan in San Antonio?
Application forms vary from lender to lender, but you’ll generally need the following details on hand to complete your application.
- Your name, residential address, email address, Social Security number and phone number
- Information from identification documents such as your passport or driver’s license
- Your employer’s name and phone number as well as details about your income
Lenders often require that you be at least 18 years old, have a regular source of income and that you are a citizen or permanent resident before they will issue you a loan.
Payday loan locations in San Antonio, TX
Where to get a payday loan in San Antonio
If you’re looking for short term loan lenders in San Antonio that operate out of storefronts, here are some options:
- Texas Car Title & Payday Loan Services, Inc. 12415 Bandera Rd #118, Helotes, TX 78023
- Speedy Cash. 12804 Nacogdoches Rd, San Antonio, TX 78217
- Speedy Cash. 8542 Blanco Rd, San Antonio, TX 78216
- Speedy Cash. 10602 Perrin Beitel Rd, San Antonio, TX 78217
- Speedy Cash. 1701 Babcock Rd, San Antonio, TX 78229
- Quik Cash. 11471 Perrin Beitel Rd, San Antonio, TX 78217
- Quik Cash. 1223 SW Military Dr, San Antonio, TX 78221
- Quik Cash. 4535 Fredericksburg Rd Ste 105, San Antonio, TX 78201
- Power Finance Texas. 8744 Wurzbach Rd, San Antonio, TX 78240
- Sun Loan Company. 421 N Main Ave, San Antonio, TX 78205
- Power Finance Texas. 5431 Blanco Rd, San Antonio, TX 78216
- Texas Car Title & Payday Loan Services, Inc. 8270 W Farm to Market Rd 78, Converse, TX 78109
- Texas Car Title & Payday Loan Services, Inc. 4115 Fredericksburg Rd, San Antonio, TX 78201
- Texas Car Title & Payday Loan Services, Inc. 972 Bandera Rd, San Antonio, TX 78228
- Cash Store. 6604 FM 78 Ste 100, San Antonio, TX 78244
- Cash Store. 9139 Grissom Rd, San Antonio, TX 78251
- Cash Store. 7117 Blanco Rd Ste 2, San Antonio, TX 78216
- First Cash Advance. 5601 Bandera Rd, San Antonio, TX 78238
- Check `n Go. 205 SW Military Dr, San Antonio, TX 78221
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