Plano 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 |
| Rollovers | No statewide limit (some cities limit them by local ordinance) |
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. Verified July 15, 2026.
Texas loan rules at a glance
| Rule | Texas limit |
|---|---|
| Legal status | Legal and regulated |
| Maximum loan amount | No statewide dollar cap |
| Maximum term | Typically 7 to 180 days |
| Finance charge cap | NONE — Texas does not cap CAB fees or APR |
| Rollovers | No statewide rollover limit (some Texas cities limit rollovers by local ordinance) |
| Cooling-off period | No statutory cooling-off period confirmed under Texas law |
| Statute | Texas Credit Access Business law (Credit Services Organizations) — Tex. Fin. Code Ch. 393 & Ch. 342; 7 TAC Ch. 83 |
Source: Texas Office of Consumer Credit Commissioner (OCCC) · Rules verified July 15, 2026