Affordable Loans

Capital Good Fund

Offers a variety of low-cost loans to fit your needs:

• Crisis Relief Loan: $300 to $1,500 at 5% annual percentage rate
• Immigration Loan: $700 to $20,000 at 15.99% annual percentage rate
• Credit Builder Loan: 0% loan reported to all three credit bureaus to help you build credit; make 12 monthly payments of $5

Apply now

Society of St. Vincent de Paul

Offers three types of low-interest loans via their Mini Loan Program. To qualify for these loans, you must have a current income and a bank account with direct deposit.

• Predatory Conversion Loans: Designed to pay off payday and auto title lenders by allowing you to convert to a low-interest, one-year loan of up to $4,000 at 3% interest.
• Emergency Loans: Loans of $500 to $2,500 for major financial needs such as vehicle repairs, urgent home repairs, appliance purchases, apartment deposit, medical bills or funeral expenses
• COVID-19 Mini Relief Loans: Loans of $500 to $2,500 for those who have a loss or reduction in income due to the COVID-19 pandemic; for routine monthly expenses such as rent/mortgage payments, utility bills and car payments

Apply now

Alternatives to Payday and Auto Title Loans

In partnership with the Texas Fair Lending Alliance, RAISE Texas now offers consumers better options for accessing cash than predatory payday and auto title loans:

• • Click here to find small-dollar loans (up to $2,500). These loans are accessible to Texans with lower credit scores or no credit and have an APR that does not exceed 35%.
  • Click here to view RAISE Texas’ handout on other options for quickly accessing cash that aren’t payday or auto title loans.

Additional Resources

• Community Loan Center: Employer-based small-dollar loans
• NOVA: Facilitates access to credit, mobile phones, student and auto loans for immigrants without a U.S.-based credit history
• On the Road Lending: Affordable loans for reliable cars
• Petal: Offers no-fee credit cards using cash flow underwriting and serving consumers without established credit history
• Self.: Helps individuals build credit while saving money by offering 12- to 24-month installment loans, with no credit history needed
• SUSU: Reports rental payments to help build credit and provides rental relief