Know Before You Borrow in Texas
- Interest rate cap: No state cap on CAB fees (typical market rate: $20 per $100 per 30 days = ~243% APR); third-party lender interest capped at 10% per year
- Loan range: $500 to $10,000 (typical)
- Repayment term: Single payment (typically 30 days) or installment (typically 90-180 days)
- Regulated by: Texas Office of Consumer Credit Commissioner (OCCC)
For complete Texas title loan regulations and consumer protections, visit our full Texas guide.
Quick Answers About Title Loans in Beaumont
Partly. The Texas OCCC licenses title lenders and caps the lender’s interest rate at 10% per year, but the service fee lenders charge on top of that is not limited by state law. In practice, most Texas title loan borrowers pay around 0 to 5 per $100 borrowed per month. On a $1,000 loan, that is roughly $200 to $250 for a 30-day term. Texas law requires a written cost disclosure before you sign so you can see the full APR and total repayment amount.
Title loan funds can be used for any personal expense. Common uses include medical bills, utility payments, car repairs, and other urgent costs. Title loans carry significantly higher costs than many other forms of credit and are best reserved for genuine financial emergencies, not routine or discretionary spending.
