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
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: