Personal Loans in El Paso (Texas) near me

The United States has a great variety of emblematic cities where various cultures converge. Such is El Paso, a border enclave near the Rio Grande River and where trade flourishes.

Whether you want to reside there or have lived there for some time, it is always important to know how to get personal loans.

May interest you: Personal Loans in Houston (Texas)

Where to get personal loans in El Paso (TX)?

Due to its proximity to Mexico, the city of El Paso has an incessant economic activity that drives its development. The presence of the military, businessmen and different kinds of workers has consolidated the credit culture.

Need, urgency or lack of liquidity tend to be the basic reasons for turning to a lender.

LendYou

  • Loan amount: between $ 100 and $ 35,000
  • Term: entre 7 days y 12 months
  • Extra:Interest rate between 6.63% and 485% APR
    Address: 1125 E. Broadway #545, Glendale, CA 9120

MrFinan

  • Loan amount: between $ 500 and $ 50,000
  • Term: entre 15 days y 120 months
  • Extra:Fast loans up to $50,000 for whatever you want.
    Interest rates from 6% to 439% APR
    Finansi Group SL - Calle de las Barcas 2 Piso 2, 46002, Valencia

CashUSA.com

  • Loan amount: between $ 500 and $ 10,000
  • Term: entre 3 y 1728 months
  • Extra:Fast online loans even with bad credit.
    Interest rates between 5.99% and 35.99% APR
    3315 E Russel Rd Ste A-4 Box #105, Las Vegas, NV 89120

Bad Credit Loans

  • Loan amount: between $ 500 and $ 10,000
  • Term: entre 3 y 36 months
  • Extra:Interest rates between 5.99% and 35.99% APR
    Address: Chief LLC, 2661 N Pearl St #431 - Tacoma, WA 98407

Personal Loans

  • Loan amount: between $ 1,000 and $ 35,000
  • Term: entre 3 y 720 months
  • Extra:Interest rate from 5.99% to 35.89% APR
    Address: 278 EAST 1875 SOUTH Roosevelt, UT 84066

Ace Cash Express

  • Loan amount: between $ 50 and $ 2,500
  • Term: entre 7 days y 12 months
  • Extra:Fast loans online and offline, even with bad credit.
    Interest rate starting at 83% APR.
    Address: 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062

24/7 Credit Now

  • Loan amount: between $ 1,000 and $ 35,000
  • Term: entre 6 y 72 months
  • Extra:Interest rate from 5.99% to 35.99% APR - 216 E 4th St, Austin, TX 78701

Grupo Estrella Cash

  • Loan amount: between $ 300 and $ 5,000
  • Term: entre 14 days y 12 months
  • Extra:Consult with the entity the interest rate and the APR
    Address: 2929 Floyd Street, Burbank 91504 CA

FundsJoy

  • Loan amount: between $ 200 and $ 5,000
  • Term: entre 7 days y 12 months
  • Extra:Interest rate between 4.99% and 450% APR
    Address: 1041 4th Avenue, Suite 302, Oakland, CA 94606

LoansAngel

  • Loan amount: between $ 100 and $ 5,000
  • Term: entre 1 days y 12 months
  • Extra:Interest rate between 4.99% and 450% APR
    Address: 1041 4th Avenue, Suite 302, Oakland, CA 94606

OneMain Financial

  • Loan amount: between $ 1,500 and $ 20,000
  • Term: entre 24 y 60 months
  • Extra:Fast online and offline loans, also secured
    Interest rate from 18% to 35,99% APR
    Address: OneMain Holdings, Inc. 601 N.W. Second Street Evansville, IN 47708-1013

LoanSolo

  • Loan amount: between $ 200 and $ 5,000
  • Term: entre 14 days y 24 months
  • Extra:Interest rate between 4.99% and 450% APR
    Address: 1041 4th Avenue, Suite 302, Oakland, CA 94606

Regional Finance

  • Loan amount: between $ 500 and $ 12,000
  • Term: entre 24 y 60 months
  • Extra:Secured personal loans up to $12,000
    Interest rates from 24% to 35,99% APR
    Address: Regional Management Corp. 979 Batesville Road, Suite B Greer, SC 29651

MaximusMoney

  • Loan amount: between $ 200 and $ 5,000
  • Term: entre 1 days y 12 months
  • Extra:Interest rate between 4.99% and 450% APR
    Address: 1041 4th Avenue, Suite 302, Oakland, CA 94606

Mariner Finance

  • Loan amount: between $ 1,000 and $ 25,000
  • Term: entre 12 y 60 months
  • Extra:Quick cash loans, mortgages and auto loans.
    Interest rates from 16% to 35,99% APR
    Address: Mariner Finance, LLC. - 8211 Town Center Drive, Nottingham, MD 21236

As in other Texas cities, such as Dallas or San Antonio, there are online platforms, startups, independent firms, credit unions and banks where you can apply for a personal loan to cover your needs or commitments.

Common requirements to apply for a personal loan in El Paso

Personal Loans in El Paso (Texas)If you are of legal age (+18), have an active bank account and regular income, you have a better chance of getting additional money. Although each lender has its own requirements, they will ask for the following:

  • Social Security number.
  • Minimum regular income of $1,000 per month.
  • U.S. citizenship or permanent residency.
  • Active phone/cell phone number and email account.
  • Official government photo ID (ID, license, passport, etc.).
  • Some loan stores may require proof of income and proof that you have a bank account.

Features of Personal Loans in El Paso (TX)

You should already know that personal loans in the United States are governed by some federal laws and various state provisions. When you apply for an unsecured loan, you do not need to present collateral and each financial institution/company or lender applies its own terms and conditions.

In El Paso you will find multiple alternatives regardless of whether you have a good or bad credit score.

The usual terms range from 6 months to 7 years, the interest rate usually starts at 5% and the maximum amount you can get is $100,000. Other information, such as APR, fees and penalties, vary depending on the lender.

On the other hand, technology has contributed to the emergence of fintech and other online platforms that can lend you money in minutes. Most of these options only ask you to fill out a form, send some digitized documents and wait 10 min-1hr for approval. In addition, they deposit the money in your account in 1 or 2 business days.

You should also know that if your FICO score is not the best and you don't want a hard inquiry, there are options. This means that the lender will not consider your credit history or check your report on any of the 3 major credit bureaus.

In both the rest of Texas and El Paso, you will find financing with these features. However, be aware that this may involve a higher than normal interest rate/APR, more fees/penalties and other potential risks.

A brief overview of El Paso

Located in the county of the same name, the city of El Paso is marked by a mix of cultures. Near the Rio Grande River, this city is part of the Paso del Norte, which also includes Las Cruces (AZ) and Ciudad Juarez (Chihuahua). In this bilingual region, at least 2.5 million people live together.

According to the 2019 Census, this locality has a population of close to 680 thousand inhabitants, making it the 6th largest in Texas and 2nd behind Phoenix in the American Southwest.

El Paso is considered the 22nd largest city in the United States and together with Hudspeth County, forms a metropolitan area with an estimated 840 thousand residents. 

Economically, this metropolis has an annual GDP of 33 billion (2019), a person earns on average $21,600 and the median household income is at $46,800.

Likewise, El Paso has become home to world-renowned companies and institutions. Such is the case of UTEP, the Medical Center of the Americas and Marathon Petroleum.

Along with its large military presence and offices of Fortune 500 companies, this city also stands out for its tourist attractions. Its national events, music festivals, museums, theaters and recreational parks are well known. Here you will find Franklin Mountains State Park, the largest urban park in the country (9813 ha).

Getting personal loans in El Paso (Texas) is a matter of analyzing the option that seems most attractive to you and best suited to your finances. If you don't know where to start, Busconomico will guide you with accurate and updated information.

Español: Préstamos personales en El Paso (Texas)