Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Payday loans in Waco, Texas
Texas payday loan rules that apply in Waco
- Max loan amount
- No limit (CSO Model)
- Min loan term
- 7 days
- Max loan term
- 180 days
- Finance charge cap
- No state cap (fees set by city ordinances)
- Max absolute fee
- Varies
- Typical APR
- ~662%+
- Rollovers (extensions)
- Permitted (varies)
- Simultaneous loans
- No state limit
- Right to rescind
- N/A
- Governing law
- Texas Credit Services Organization Act
- Regulator
- TX OCCC
Waco at a glance
| Metric | Waco | Texas | United States |
|---|---|---|---|
| Population | 161,622 | 29.6M | 332.3M |
| Median household income | $49,853 | $81,963 | $85,275 |
| Median rent | $1,049/mo | $1,384/mo | $1,432/mo |
| Income spent on rent | 36.8% | 31.6% | 31.6% |
| Homeownership | 51.9% | 63.8% | 65.4% |
| Poverty rate | 23.4% | 13.9% | 12.6% |
| Unemployment rate | 4.7% | 5.2% | 5.3% |
| Without health insurance | 16.7% | 17.3% | 8.6% |
| Veterans | 6.4% | 6.4% | 6.5% |
Source: U.S. Census Bureau, American Community Survey, by ZIP code. City and state figures are population-weighted averages of ZIP code data and are approximate.
Payday loan cost calculator for Waco
Move the sliders to see what a payday loan would cost under Texas rules and how it compares with local incomes.
Example range up to $1,000
Texas sets no fixed fee; $15 is typical
- Fee
- $75
- Total to repay
- $575
- APR
- 391%
- Total fees with rollovers
- $75
- Share of a two-week household paycheck in Waco
- 3.9%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
What a payday loan costs in Waco
- Fee on a $500 loan
- $75
- Share of a two-week household paycheck
- 3.9%
- Hours of work at the local median wage
- 5.6 hours
Texas sets no fixed fee in dollars, so this example uses a typical fee of $15 per $100 on a $500 loan and local median incomes: two-week paycheck = household income ÷ 26, hourly wage = individual income ÷ 2,080. Actual terms vary by lender.
Waco in context
- Population rank in Texas
- 34th
- of 103 Texas cities with 50,000+ residents
- Median household income rank
- 99th
- of 103 Texas cities with 50,000+ residents
- Households earning under $25,000
- 25.9%
- ▲ 10.9 pts vs TX
- Median home value
- $172,887
- ▼ 39% vs TX
- Home value to income
- 3.5×
- A $400 emergency expense
- 2.9 days
- of median household income
Payday loan stores in Waco, TX
Licensed storefront lenders in Waco with addresses, phone numbers and hours. We do not rank or recommend any lender; confirm each company's license with the TX OCCC before you borrow.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1105 W Waco Dr Waco, TX 76707 | (254) 755-8943 | — | 4.9 |
| 720 N Valley Mills Dr Waco, TX 76710 | (254) 741-1800 | — | 4.9 |
| 100 S New Rd Waco, TX 76710 | (254) 399-6347 | — | 4.9 |
| 2520 N 18th St Waco, TX 76708 | (254) 759-8814 | — | 4.9 |
| 807 N. Valley Mills Dr. Waco, TX 76710 | (254) 776-4289 | Mon–Fri 10:00 AM – 6:00 PM Sat 10:00 AM – 3:00 PM Sun closed |
— |
| 2403 W Waco Dr Ste c Waco, TX 76707 | (254) 732-2933 | — | 5.0 |
| 5301 Bosque Blvd Ste 110 Waco, TX 76710 | (254) 776-7373 | — | 4.9 |
| 700 N Valley Mills Dr Waco, TX 76710 | (254) 776-5573 | — | 5.0 |
| 408 N Valley Mills Dr Waco, TX 76710 | (254) 265-8828 | — | 4.3 |
| 4300 W Waco Dr Ste B Waco, TX 76710 | (254) 651-2840 | — | 4.8 |
| 5172 W Waco Dr Waco, TX 76710 | (254) 741-1494 | — | 4.5 |
| 2508 W Waco Dr Waco, TX 76710 | (254) 752-4376 | — | 4.6 |
| 4217 W Waco Dr Waco, TX 76710 | (254) 752-1213 | — | 4.8 |
| 2401 W Waco Dr Ste B Waco, TX 76707 | (254) 753-0033 | — | 4.9 |
| 800 N Loop 340 Bellmead, TX 76705 | (254) 867-9500 | — | 4.9 |
| Western Finance 2404 W Waco Dr Waco, TX 76701 | (254) 755-8818 | — | 4.9 |
| 600 Lake Air Dr # 1A Waco, TX 76710 | (254) 722-4940 | — | 4.5 |
Fast & secure payday loans in Waco, Texas
Unexpected expenses can happen anytime. If you need urgent cash in Waco, our service connects you with trusted, state-licensed lenders.
Apply online from the comfort of your home, get a fast decision and, if approved, receive funds in your bank account as soon as the next business day.
Why Waco residents use us
- Fast 5-minute request A simple online application, with no waiting in line at a storefront.
- Bad credit considered Lenders focus on your steady income, not just your credit history.
- Loans within Texas limits Loan terms must comply with the Texas Credit Services Organization Act.
- Safe & confidential Your personal and financial details are sent over an encrypted connection.
Notice for Waco residents: Payday loans are designed for short-term emergency needs and should not be used as a long-term debt solution. Interest rates, fees and maximum loan amounts are governed by Texas law (Texas Credit Services Organization Act). Always review the contract terms carefully before signing.
Waco payday loan FAQ
How much cash can I borrow in Waco?
Loan amounts in Waco are typically from $100 up to the Texas limit (No limit (CSO Model)), in line with Texas lending law. Your exact approved amount depends on your verifiable income, existing debt and the lender’s evaluation.
Do I need to visit a storefront in Waco to apply?
No. The whole process is handled securely online, so you don’t need to wait in line at a local check-cashing store or branch. If approved, your funds are deposited directly into your bank account by ACH transfer.
Can I qualify for a payday loan in Waco with poor credit?
Possibly. A traditional FICO score is not the only factor. Lenders in our network mainly look at whether you have a steady, recurring income and an active checking account to handle repayment. Approval is not guaranteed.
How quickly will I receive my funds in Waco?
Many applicants get a decision within minutes. Once you review and e-sign your agreement, lenders typically release the cash the same day or the next business day, depending on your bank’s transfer cutoff times.
What are the minimum requirements for Waco residents?
To qualify, you must:
- Be at least 18 years old.
- Live in Waco or the surrounding Texas area.
- Have an active checking account in your name.
- Provide proof of consistent monthly income (employment, benefits or recurring deposits).