We lend from $100 to $1,600 at a FIXED rate.

Terms can be set up for monthly payments from 1 to 24 months.

You can call and apply by phone, or come by the office. Once approved, to open an account you will have to come into the office. We need to get copies of your current TX Driver's License or ID card, proof of income, and proof of residence.


The basic requirements to apply:


  • You are at least 18 yrs. Old
  • You have at least 6 months on your present job.
  • If you're not employed, any verifiable steady income such as SS, SSI, retirement pension, etc (workman's comp and child support do not qualify)
  • You need a current TX driver's license or ID card


Because our loans are unsecured, meaning we do not accept any collateral, car titles, or cosigners, you need to have at least 3 established credit references. These would include any accounts where you made payments; car dealers, furniture stores, other loan companies, and credit cards including paid-off accounts, except rent, insurance, or utilities.

FAQs

  • What is a Personal Installment Loan?

    A personal installment loan is one way to pay for the unusual or surprise expenses that we all face. A personal installment loan offers fixed rates and fixed payments. Rates are based on state regulations. The loan amount is based on various factors including your personal credit history, your personal income and other personal financial commitments. We put no limitations on how funds can be used, you use your loan for any purpose you need. You can get your money as soon as the same day. There are no hidden fees and no penalties for paying off your loan early.

  • What documents Do I Need to Apply for a Loan?

    When you come in to complete your loan, you’ll review the terms of your loan and set up the payment option that works best for you. As part of the closing process, you’ll need to bring a number of documents with you that we’ll need to make copies of, such as:

    ...Picture ID with your signature (must be CURRENT drivers’ license, state issued ID or passport)

    ...Address verification (Most recent utility bill, insurance bill, etc)

    ...Employment and Income Documentation (Most recent paycheck stub, bank deposit, award letter from SS)

    ...Social security card 

    ...Personal references, names and phone numbers of at least three friends or relatives who don’t live with you

  • How Long Does It Take to Get a Loan Approved?

    Whether you apply by phone or in person, it rarely takes as long as an hour to be approved. If approved, you’ll need to come in to review the terms, fix a payment that works for you and get your check, which takes about 15 minutes at most.

  • What Personal Property is Required to Get a Loan?

    None.

  • How Much Money Can I Borrow?

    We lend from $100 to $1,600, with terms from 1 to 24 months

  • Once My Loan is Approved, When Do I Get My Money?

    As soon as you can come into the office. Also, if you change your mind, we keep applications on file for two years. If you call back within 90 days, we won’t have to re-process the appl. If you take out a loan and change your mind within three days, you can just bring the money back in and we’ll void the contract.

  • Can I Borrow More Money?

    If something comes up and you need more money, please call me first to see what I can do before you go somewhere else. You don’t want more inquiries on your credit report or have to incur another debt.

  • What Payment Methods Do You Accept?

    Cash, credit cards, debit cards, checks, money orders, your kid’s piggy bank (just kidding).

  • What if I Can’t Make Payments on my Loan?

    We know that sometimes life will throw you off track, and that there may be times when you have difficulty in paying your loan payment. Please call or come by the office to talk with us and let us know what’s going on. It’s important to not wait until the last minute, when your payment is actually past due. The earlier you get in touch, the more options we have to help you make your payments and get back on track. As long as you get in touch, there is ALWAYS something I can do to help.

  • Do You Work With Customers to Get a Proper Payment Schedule?

    Of course! It’s all part of the job - to help you get the money you need and establish an affordable and realistic monthly payment schedule. We offer equal monthly payment installments up to 24 months. Payments are the same each month.  You can make a full payment once a month, or you can break it down to pay ½ every two weeks. As long as the whole payment is made by the due date, which will be 30 days from the day you sign the contract, you can make partial payments.

  • Do You Check My Credit Score When I Apply for the Loan?

    We do pull a copy of your credit report from Experian Credit Bureau, but not your score. Scores tend to generalize information. I prefer to take each application individually to determine any decisions. We do report monthly transactions to Experian Credit Bureau. This helps you build a solid credit history.

  • Can I Make My Payment Over the Phone?

    Certainly - just call the office with a credit card or debit card. When you take out the loan, we have a payment authorization form you can fill out and sign if you want us to automatically take your payment on the due date. In this case, you don’t even have to call, unless for some reason, you don’t want it done that day. You can make your payments by mail, over the phone, or in person.


    Also, for your convenience, by having your signature on file if you need to renew your loan and can't get down to the office, we can renew your loan and bring it to you. Maybe you are out of town and need money, call and if your bank has a branch in the Temple, Belton area, we will deposit the money in your account, if not that day, then the next morning, depending on your bank's hours.  If you bank where we do, then we can transfer funds just by calling.

  • Do You Store my Credit Card Information on a Computer?

    NO!  No credit card numbers are stored on any computer. We use a Point of Sale Terminal where we key in the card number and exp. Date by hand.

  • Some of the benefits of being a client of Family Loans of Temple

    Free shredding

    Free copies

    Free check cashing

    Free Notary service