Personal Loans

What is a Personal Loan?

A personal loan is an unsecured loan, which means it is not backed by a form of collateral like your house or car.  Most online personal loans in Texas are arranged by companies like Power Finance Texas.  Once you apply for a personal loan in the form of an installment loan, your application stays on file with us forever.  We make it easy for you to get a consumer friendly loan from us at any time.

Installment loans with Power Finance Texas are personal loans that must be paid back within 6 months.  We use a simple daily interest model to calculate your fees so you never pay any more than the time you have the money available to you.  These consumer friendly loans are so flexible, you’ll love them!

What Can I Pay For With a Personal Loan?

Personal loans can finance any number of expenses including:

  • Auto Expenses: When your car unexpectedly breaks down, but you still need to get to work, a personal loan can really help.
  • Travel Expenses: Ever have a family emergency where you need to travel?  It always seems to happen at just the wrong time.
  • Avoiding Overdraft Fees: You can avoid overdraft fees from your bank by getting a personal loan from Power Finance Texas.
  • Late Utility Bills: Don’t let your utilities get shut off and have to pay a reconnect fee.  A personal loan is always cheaper.

Do you need a CASH LOAN fast?

Power Finance Texas arranges installment loans from $100 to $1,250 quickly.  Most loans are approved within minutes.  All it takes is a checking account, a phone number and a few other simple qualifications.  See why thousands of people choose Power Finance Texas for their fast cash needs.

What’s the Difference Between a Personal Loan and a Line of Credit?

A personal loan is considered an installment loan that is to be paid off within a specified time frame.  A line of credit is an open-ended loan that can be paid off any time as long as you continue to pay interest on the loan while the money is available to you.

Installment loans are taken out for an agreed-upon lump sum and have regularly scheduled payments due regularly until the loan, and the interest is completely paid off.  Power Finance Texas offers installment loans in Texas.

A line of credit provides a borrowing limit, but there is no fixed payment term. You pay according to how much money you spend during the month. The interest rate often fluctuates.

Power Finance Texas Personal Loans

Can I Get a Personal Loan With Bad Credit?

Power Finance Texas routinely helps customer with less than perfect credit.  Apply now for one of our online personal loans in Texas to see if Power Finance Texas can assist you.

Once approved for one of our consumer friendly installment loans you can receive your money in-store the same day or deposited into your checking account the following business day.  Regularly scheduled payments will have your loan paid off in full within 180 days, unless you pay off early with no prepayment penalties.

Apply now to receive online personal loans in Texas today!

What proof of income do I need for a personal loan in Texas?

Our loan experts work with you to provide the most convenient personal loans in Texas. When you apply, you need to show proof of income from a job that you have had for over three months. To do so, you will need to bring your Texas drivers license, checkbook, your most recent bank statement, and a current payroll check stub with year-to-date information included. If it’s less than three months into the year, you should bring a payroll check stub from the end of the previous year.

What Is the Easiest Loan to Get?

Personal loans in Texas, such as those provided by Power Finance Texas, are the simplest to obtain. The requirements are less stringent than those for loans issued by banks, for example.

You don’t need to have a high credit score to get your loan request approved, either. Loan companies such as ours can lend to you regardless of your credit background. Even if you have a newly opened bank account, are only a few months into a new job, or have a relatively low monthly income, you can still apply for a loan with us.

How Can I Borrow Money Instantly?

You can borrow money quickly by applying online for your personal loan in Texas—which you can do directly from our website. Online loans tend to have faster approval times compared to physical loan offices. In most cases, applications are reviewed and accepted within minutes, so you can have the money sent to your bank account by the very next day.
You also may be eligible for our instant funding option which would get you the money you need within an hour or two of your application being approved.

Even better, online loans save you the trouble of waiting in line in a physical loan office.