Corpus Christi payday loan rates are set by the lender and the credit access business — Texas does not cap them. Snap Loans Cash is free to use; we never charge you a fee. The figures below describe how Texas payday loans typically work and cost; your actual rate and fees come from the lender and appear in your loan agreement before you accept.
Loan Rules in Texas: Rates & Terms at a Glance
| Item | Texas rule |
|---|---|
| How payday loans work | Through a credit access business (CAB) that arranges the loan and charges a separate fee |
| Maximum loan amount | No statewide dollar cap |
| Fee / APR cap | None — Texas does not cap CAB fees or APR |
| Typical term | About 7 to 180 days |
| Corpus Christi payday amount | ≤ 20% of gross monthly income (City Code § 5-11(a)) |
| Rollovers / instalments | Corpus Christi: ≤ 3 renewals on a lump-sum loan; ≤ 4 instalments with no refinancing; every payment retires ≥ 25% of principal; a new loan within 7 days counts as a renewal |
| Active-duty military | 36% Military APR ceiling under the federal Military Lending Act |
Cost example: a $500 payday loan for about two weeks commonly costs $110–$125 in combined lender interest and CAB fee — an effective APR of roughly 560%–660%. This is a typical market figure, not a statutory cap. Source: Texas OCCC; statute: Tex. Fin. Code Ch. 393 & 342; ordinance: Corpus Christi Code Ch. 5, Art. I. Verified September 5, 2026.
Texas loan rules at a glance
| Rule | Texas limit |
|---|---|
| Legal status | Legal and regulated |
| Maximum loan amount | No statewide dollar cap. Corpus Christi: payday cash advanced ≤ 20% of gross monthly income (§ 5-11(a)); auto-title ≤ lesser of 3% gross annual income or 70% of vehicle retail value (§ 5-11(b)) |
| Maximum term | Typically 7 to 180 days (Corpus Christi: instalment loans ≤ 4 instalments, § 5-11(d)) |
| Finance charge cap | No statewide cap on CAB fees or APR (effective APR commonly ~560%–660%). The city ordinance limits loan amount and rollovers but does NOT cap the fee. |
| Rollovers | No statewide limit. Corpus Christi: single-payment loan renewed ≤ 3 times, each renewal retiring ≥ 25% of the original principal (§ 5-11(e)); instalment loans may not be refinanced (§ 5-11(d)); a new loan within 7 days of paying one off counts as a renewal (§ 5-11(f)) |
| Cooling-off period | No statutory rescission at state level. The operative local protections are the 20%-of-income cap, the 4-instalment / 3-renewal limits, the 25% principal-reduction rule and the 7-day anti-churn rule |
| Statute | Texas Credit Access Business law + City of Corpus Christi ordinance — Tex. Fin. Code Ch. 393 & Ch. 342; 7 TAC Ch. 83; Corpus Christi Code Ch. 5, Art. I (Credit Access Businesses), §§ 5-1–5-13, Ord. No. 030571 (Aug. 11, 2015) |
Source: Texas Office of Consumer Credit Commissioner (OCCC) + City of Corpus Christi registration · Rules verified September 5, 2026