El Paso payday loan rates are not capped by Texas state law — payday and title loans are arranged through a licensed Credit Access Business (CAB) that charges its own uncapped fee. Snap Loans Cash is free to use; we never charge you a fee. The limits below come from the City of El Paso’s Credit Access Business ordinance and from typical market pricing, and your actual rate and fees come from the lender.
Loan Rules in Texas & El Paso: Rates & Terms at a Glance
| Item | Rule |
|---|---|
| Statewide fee / APR cap | None — CAB fees are uncapped (effective APR commonly ~560%–660%) |
| El Paso payday loan amount | ≤ 20% of gross monthly income |
| El Paso auto-title amount | ≤ lesser of 3% of gross annual income or 70% of vehicle value |
| Loan term | About 7 to 180 days |
| Installments / rollovers (El Paso) | ≤ 4 installments or ≤ 3 rollovers, each retiring ≥ 25% of principal |
| Regulator | Texas OCCC (state) + City of El Paso registration (Ch. 5-17) |
APR example: a $500 payday loan for about two weeks commonly costs around $110–$125 in fees — an effective APR of roughly 560%–660%. This is a typical market figure, not a statutory cap. Source: Texas OCCC — Credit Access Businesses; local ordinance: City of El Paso Code Ch. 5-17. Verified July 5, 2026.
Texas loan rules at a glance
| Rule | Texas limit |
|---|---|
| Legal status | Legal and regulated |
| Maximum loan amount | No statewide dollar cap. El Paso: single-payment payday loan ≤ 20% of gross monthly income; auto-title ≤ lesser of 3% gross annual income or 70% of vehicle value |
| Maximum term | About 7 to 180 days |
| Finance charge cap | No statewide cap on CAB fees or APR (effective APR commonly ~560%–660%). El Paso's ordinance limits loan amount and rollovers but does NOT cap the fee. |
| Rollovers | No state limit. El Paso: ≤ 3 rollovers/renewals or ≤ 4 installments, each retiring ≥ 25% of principal |
| Cooling-off period | No statutory single-transaction cooling-off; El Paso's caps (20% income, 4 installments / 3 rollovers, 25% principal) are the operative protections |
| Statute | Credit Access Business law + City of El Paso ordinance — Tex. Finance Code Ch. 393 & 342 (7 TAC Ch. 83); El Paso Code Ch. 5-17 |
Source: Texas Office of Consumer Credit Commissioner (OCCC) · Rules verified July 5, 2026