Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Texas, title loans are often facilitated through Credit Access Businesses (CABs). These entities charge fees to arrange and service loans from third-party lenders. Because Texas does not have a hard cap on these service fees, the APR can be significantly higher than traditional bank loans. Borrowers in San Antonio should be aware that these are short-term solutions intended for immediate financial needs, not long-term financing.
Annual Percentage Rate (APR)
150% - 350% (Varies by lender and Credit Access Business fees)
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $1,000 | 30 Days | 304% | $250.00 | $1,250.00 |
| $2,500 | 6 Months | 185% | $1,400.00 | $3,900.00 |
| $5,000 | 12 Months | 152% | $3,200.00 | $8,200.00 |
REPRESENTATIVE EXAMPLE: A loan of $1,000 with a 30-day term and a $250 fee results in a total repayment of $1,250 and a 304% APR. Actual rates and fees depend on the lender, your vehicle's value, and your ability to repay.
State-Specific Information — Texas
Maximum Loan Amount: No legal maximum; typically limited to 50% of vehicle's fair market value.
Rate Cap: No statutory cap on CAB fees in Texas; rates often exceed 300% APR.
Regulations: Texas Finance Code Chapters 342 and 393.
Licensing: Lenders must be licensed by the Texas Office of Consumer Credit Commissioner (OCCC).