Fast Online Payday Loan [ BEAUMONT ]
Possible types of loans:
- $100, $200, $300, $400, $500, $600, $700, $800, $900, 1000 dollars are emergency payday loans in Beaumont Texas USA, which are issued for a period of 1, 2, 3 or 4 weeks (until your next salaries).
- $1500, $2000, $2500, $3000, $3500, $4000, $4500, $5000 – Beaumont, TX installment loans that can be taken out for terms of up to 2 years (most often 1, 6, 9, 12 or 3 months).
To get fast online cash advances (payday or personal loans, short-term loans, fast cash) with instant approval in Beaumont, TX, USA, use our simple 5-minute application form! The money will be credited to your bank account within 24-48 hours (or faster) after approval.
✅ 24/7 Online ✅ Safe & Secure ✅ Instant Decision ✅ OK with Bad Credit ✅ Payday loan up to $1,000 ✅ Personal loan up to $5,000
Cash Advance Near Me :: Beaumont Texas Direct Lenders (list of offline stores and agencies nearby)
| Company | Address | Phone |
|---|---|---|
| OneMain Financial | 4410 Dowlen Rd #101b, Beaumont, TX 77706 | +1 409-899-3023 |
| Regional Finance | 6240 Phelan Blvd, Beaumont, TX 77706 | +1 409-866-1931 |
| World Finance | 3965 Phelan Blvd Ste 105, Beaumont, TX 77707 | +1 409-833-6411 |
| Advance America | 3829 Phelan Blvd, Beaumont, TX 77707 | +1 409-832-4314 |
| Sun Loan Company | 49 N 11th St, Beaumont, TX 77702 | +1 409-832-8243 |
| Speedy Cash | 860 S 11th St, Beaumont, TX 77701 | +1 409-832-2274 |
About Small Payday Loans in Beaumont Texas
Facing a sudden financial shortfall can be stressful, and for some residents of Beaumont, a payday loan might seem like a quick solution. However, it’s crucial to understand how these loans work in Texas, as state regulations differ significantly from those in other parts of the country. This guide outlines the minimum requirements to qualify and the critical terms you can expect from a short-term loan in Beaumont.
Minimum Requirements for a Payday Loan in Beaumont, TX
The barriers to entry for a payday loan in Beaumont are intentionally low, making them accessible even to individuals with poor or no credit history. Lenders focus primarily on your ability to repay the loan in the very near future. The standard requirements include:
- Age and Identity: You must be at least 18 years old and provide a valid, government-issued photo ID (such as a Texas driver’s license or state ID card).
- Proof of Income: Lenders need assurance you have a source of funds to repay the loan. This is typically verified with recent pay stubs, though proof of other regular income like Social Security, disability, or pension benefits may also be accepted.
- Active Bank Account: You must have an active checking account in your name. The lender will use this account to deposit the loan funds and, crucially, to automatically withdraw the repayment on the due date.
- Contact Information: You will need to provide a valid phone number and sometimes proof of your current address (like a utility bill).
A key feature of the Texas payday loan market is that most lenders do not perform a traditional credit check through the major bureaus (Experian, Equifax, TransUnion). Their primary concern is your current income and banking status.
Terms of Short-Term Loans in Beaumont, Texas, USA
It is essential to understand that Texas has some of the most lenient state laws regarding payday and auto title loans in the United States. Unlike many states that impose strict caps on fees and interest rates, Texas law does not set a maximum cost for these loans. This leads to significantly higher costs for borrowers.
- Loan Amounts: Loan amounts can vary but often range from $100 to $1,000 or more, depending on your income and the lender.
- Finance Charges and APR: This is the most critical area for borrowers to review carefully. Lenders charge fees that, when calculated as an Annual Percentage Rate (APR), can be exorbitantly high. It is not uncommon for the APR on a payday loan in Texas to exceed 600%. For example, a lender may charge a $30 fee for a $200 loan due in two weeks. This equates to an APR of nearly 400%.
- Loan Term: The typical term is short, usually aligning with your next pay date (e.g., two weeks or one month). However, some lenders offer longer installment terms.
- Repayment: Repayment is typically handled through a post-dated check or, more commonly, an electronic access agreement to your checking account. On the due date, the lender will automatically withdraw the full amount owed.
- Rollovers: If you cannot repay the loan in full on the due date, Texas law allows lenders to offer “rollovers” or renewals. This process involves paying an additional fee to extend the due date, effectively trapping borrowers in a cycle of debt where they pay fees repeatedly without reducing the original principal.
