Personal loans in Andrews, TX
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Andrews, TX.
The median household in Andrews earns $73,690 a year, 6% below the Texas median of $78,476. About 17% of residents live below the federal poverty line, and 23.3% of households rent their home.
Texas law that applies in Andrews
| Rate cap | Under the true-daily-earnings method: 30% a year on the part of the cash advance up to the first bracket, 24% up to the second, and 18% up to the third. |
|---|---|
| License required | A Chapter 342 license is required to make, transact or negotiate loans that charge more than other law allows. |
| Loan sizes covered | The tiered rates apply to cash advances up to $23,000 (2026-27 bracket). |
Full rules with statute citations: Personal Loans in Texas. Cities in Texas cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Andrews
Most Andrews applicants can finish in one sitting if they have these ready:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Andrews
What Andrews borrowers use it for
the fastest options online
Moving costsdeposits, trucks and first-week expenses
Holiday expensesgifts and travel without maxing a card
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a personal loan in Andrews
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Andrews
5 FDIC-insured bank branches from 2 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| The National Bank of Andrews | 4 | 1501 N Main St, Andrews 79714 |
| American Momentum Bank | 1 | 200 S Main St, Andrews 79714 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Andrews
3 credit-union locations from 3 credit unions.
| Credit union | Location |
|---|---|
| Complex Community | 1301 N Main St, Andrews 79714 |
| First Basin | 1000 S Main St, Andrews 79714 |
| Andrews School | 405 Nw 3Rd St, Andrews 79714 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Andrews County · Payday Loans in Andrews · Title Loans in Andrews
Frequently asked questions
Can I get a personal loan with bad credit in Andrews?
Possibly. Lenders in our network consider applicants with fair and bad credit across Texas, including Andrews. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Andrews, TX?
Tiered caps for licensed Chapter 342 lenders: up to 30% a year on the first $4,600, 24% on the part from $4,600 to $9,660, and 18% on the part up to $23,000 (amounts for loans made July 1, 2026 to June 30, 2027). Small loans up to $1,840 may instead use an acquisition charge plus a monthly handling charge, which produces much higher APRs.
How fast can I get a personal loan in Andrews?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Andrews residents can see their options in about 3 minutes.
Where can I find a loan for bad credit in Andrews?
You can apply at local banks and lenders in Andrews, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
Can I get a personal loan in Andrews with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Andrews residents can see if they qualify for $100 to $5,000 in about 3 minutes.
How do installment loans work in Andrews?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Andrews residents can see installment loan offers with our free 3-minute form.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Andrews borrowers who qualify.
Do I need to visit a store in Andrews?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.