Searching for a payday loan in El Paso? A Listo Loans personal signature loan works differently: you borrow $100 to $1,340 and repay it in fixed monthly installments over 4 to 18 months, instead of paying everything back on your next payday.
Apply NowLoan amounts and terms may change; your exact terms are confirmed at application.
Signature installment loan vs. payday loan
| Listo Loans signature loan | Typical payday loan in El Paso | |
|---|---|---|
| How you repay | Fixed monthly installments over 4 to 18 months | Usually one lump sum on your next payday |
| Loan amount | $100 to $1,340, based on your income and ability to pay | In El Paso, capped at 20% of your gross monthly income |
| Who you deal with | Listo Loans, a local El Paso lender with two branches | A Credit Access Business (CAB) that arranges the loan with a third-party lender |
| Renewals | Possible after 6 months of on-time payments with us | In El Paso, up to 3 renewals, paying at least 25% of principal each time |
| Paying early | You save the unearned months’ interest | Depends on the CAB contract |
Payday-loan limits: City of El Paso Code, Chapter 5.17. Your exact APR, finance charge and payment schedule are shown on your Truth in Lending disclosure before you sign.
How it works
1. Apply
Call, apply online or come in person.
2. Fast approval
Be approved in as little as 15 minutes.
3. Get your cash
Sign the loan contract and collect your cash at the branch.
Texas & El Paso loan regulations
Installment loans vs. payday loans in Texas
Personal signature (installment) loans in Texas are governed by Chapter 342 of the Texas Finance Code and are repaid in a fixed schedule of payments. Payday loans and auto title loans are a different product: in Texas they are arranged by Credit Access Businesses (CABs) under Chapter 393 and are usually due in one lump sum. Listo Loans offers installment-style signature loans as a payday loan alternative — before you sign, compare the APR, total finance charge and number of payments shown on your Truth in Lending disclosure.
El Paso Credit Access Business ordinance
Since July 1, 2013 the City of El Paso (City Code Chapter 5.17) limits payday and auto title loans arranged by CABs: a payday cash advance may not exceed 20% of the borrower's gross monthly income; an installment payday loan may have no more than 4 installments, each paying down at least 25% of the principal; a single-payment loan may be renewed no more than 3 times, with at least 25% of the principal paid each time; and a new loan within 7 days of paying off the last one counts as a refinance.
Active-duty military (Fort Bliss)
Under the federal Military Lending Act, covered active-duty service members and their dependents cannot be charged more than a 36% Military Annual Percentage Rate on covered consumer loans. Tell us if you or your spouse are on active duty.
Questions or complaints
Contact Listo Loans first: Downtown (915) 533-3610, East (915) 201-2550. Texas consumer lenders are licensed and examined by the Office of Consumer Credit Commissioner (OCCC). If a question or complaint cannot be resolved with the lender, you can contact the OCCC: 2601 N. Lamar Blvd., Austin, Texas 78705 · (800) 538-1579 · occc.texas.gov · [email protected].
Borrow responsibly: only borrow what you can repay on schedule. Loan amounts, rates and terms depend on your application and Texas law; approval is not guaranteed.
Frequently asked questions
Is a Listo Loans signature loan a payday loan?
No. It is a personal installment loan: you repay it in fixed monthly payments over 4 to 18 months, not in one lump sum on your next payday.
How much can I borrow instead of a payday loan?
From $100 to $1,340, depending on your income and ability to pay. Approval is not guaranteed.
How fast can I get a decision?
You can be approved in as little as 15 minutes once your application and documents are complete.
Visit a branch: Listo Loans – Downtown El Paso · Listo Loans – East El Paso
Apply Now