Texas Installment Loans

Loan Amount

$300.00 up to $2,500.00

Maximum Loan Terms

180 days

No Early payment penalty


CSO Fee: 1.78%

Lender’s Interest Rate: 10% per annum

Texas Installment loan is a medium-term loan provided by one of our lending partners. It is repaid gradually in scheduled payments over a period of no more than 180 days, similar to a traditional installment loan. A CAB installment loan may also be repaid early without any prepayment charges.

BCY Financial, Inc. operates as a Credit Access Business (CAB) and will not be the lender for loans received at this site. We will attempt to arrange a loan between you and an unaffiliated third-party lender and service that loan once it is issued. Any questions, service issues or complaints about your loan will be addressed by BCY Financial, Inc. and not the lender

Credit Services: CSO’s credit services include:

  • Arranging for consumers unsecured loans with terms not to exceed 180 days and an Amount Financed from $300.00 to $2,500.00, and with an annual interest rate not to exceed 10% (each a “Loan”);
  • Helping consumers complete the paperwork (including the credit application) needed to get a Loan from Lender; and
  • Providing to Lender in respect of each Loan from Lender a Letter of Credit (as defined above).

Repayment: Bi-weekly, semi-monthly (twice monthly) and monthly payment schedules available; Consumer may opt to pay by electronic payment.

Returned Payment Fee: $30 for any check, money order, payment (whether tangible or electronic), transfer or other instrument or item that is rejected or returned for any reason.

CSO Fee: The amount of the CSO Fee is calculated by multiplying the Amount Financed by the applicable daily CSO Fee percentage by the number of days in the loan term.

Maximum Loan Terms: Lender makes loans secured by a CSO letter of credit, with terms not to exceed 180 days and an Amount Financed from $300.00 to $2,500.00.

Lender Interest: Lender interest accrues on the outstanding principal balance of the Loan at 10.00% per annum, daily simple interest. Interest will continue to accrue on past due principal amounts until paid in full.

Late Charge: $7.50 or 5% of the amount of the unpaid scheduled payment, whichever amount is greater, on any payment not paid in full within 10 days of the scheduled payment date.

Prepayment: There is no prepayment penalty.

Costs of Collection: To the extent permitted by law, Consumer will pay the costs of any attorney’s fees incurred in connection with the referral of the Loan Agreement to an attorney to collect the Loan after default.

Consumer Disclosure Forms

These following links lead to cost disclosures, required by the state of Texas for all residents applying for a multi-payment CAB payday loan, which outline the total costs associated with some common examples of these types of loans.

You have the right to rescind your loan within three days of signing your loan contract. To access the cancellation forms, click here.


If you need additional time to repay, you have the option of requesting a due date extension. If you extend your loan due date, you will pay your initial CAB Fee and lender interest on the original due date and pay your loan principal, which includes an additional CAB Fee, plus any additional interest on your extended due date. Please call us if you need additional time to repay.

Consumer Credit Notice

This business is licensed and examined under Texas law by the Office of Consumer Credit Commissioner (OCCC), a state agency. If a complaint or question cannot be resolved by contacting the business, consumers can contact the OCCC to file a complaint or ask a general credit-related question.

2601 North Lamar Boulevard
Austin, Texas 78705
Phone: (800) 538-1579
Fax: (512) 936-7610
Website: occc.texas.gov
Email: consumer.complaints@occc.texas.gov

cso certification

CSO Certification

An advance of money obtained through a payday loan or auto title loan is not intended to meet long-term financial needs. A payday loan or auto title loan should only be used to meet immediate short-term cash needs. Refinancing the loan rather than paying the debt in full when due will require the payment of additional charges.

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