# Payday Loans in Midland, TX: Rates & Alternatives (2026) | PayKedge > Midland, TX payday loan options under Texas law. 134k residents, $80.0k median income. Local credit unions & alternatives. Источник: https://paykedge.com/city-directory/tx/midland-tx/ --- # Payday Loans in Midland, TX **Payday loans are legal in Midland, TX under Texas law: a typical fee is $22.10 per $100 for 14 days (~576% APR), so borrowing $300 costs about $66.30 in fees.** Below: where Midland residents can apply, the licensed-lender rules that apply, and cheaper local alternatives worth comparing first. PayKedge is paid by the lenders we match you with. We rank options by cost, not commission. JC **Reviewed by [Jared Castellano, AFC®](/authors/jared-castellano/)** · Last updated 2026-05-24 **On this page** Midland market Where to apply Local alternatives By ZIP code FAQ If you're in Midland and need cash fast, you have options that are cheaper than a payday loan. It's a myth that high-cost loans are your only choice. Start by checking with your bank or a local credit union for a small-dollar loan with a much lower rate. ### Midland at a Glance - Median household income: $80,000 - Median rent: $1,400 per month - Local job market: energy, education, and healthcare - Unemployment rate is around 5% - Look for lower-cost loans in ZIP codes like 79701, 79703, and 79705 ## Is a payday loan my fastest option in Midland? No. Often, a small-dollar loan from your own bank is faster and far cheaper. If you already have a checking account with a major bank, you may qualify for their small-dollar programs. These can be set up almost as quickly as a payday loan but come with an APR closer to 100–200%. That's still high, but it beats typical payday loan costs. Always [apply](/apply/) with your current bank first. ## Are there laws in Texas to protect me from sky-high rates? Yes, but the rules are different here. Texas law sets a maximum loan term of 180 days. However, it does not set a strict cap on the annual percentage rate (APR). Lenders can charge high fees, which can lead to an effective APR of around 576%. This is why exploring [alternatives to payday loans](/beyond-payday/) is so important for Midland residents. ## I have a job in the energy sector. Does that help me get a better loan? It might, but not in the way you think. Having a steady job is key for any loan. But the real advantage is eligibility for credit unions. Many local credit unions serve people who live or work in specific areas. My Community Credit Union and First Basin Credit Union, for example, offer Payday Alternative Loans (PALs). These loans are capped at 28% APR, which is dramatically lower than a standard payday loan in Texas. ## What if I just need help with one specific bill? Then a loan might be overkill. For a utility bill, Midland residents can apply for LIHEAP, a grant that helps with heating and cooling costs. You don't pay it back. If you're facing a different type of bill or hardship, call 211. This service can connect you to United Way or Catholic Charities for one-time assistance, like rent grants. Borrowing at a high rate to cover rent is a last resort. ## A 3-step checklist before you borrow in Midland 1. **Contact your bank.** Ask if you qualify for their small-dollar loan program. 2. **Call 211.** See if a nonprofit grant can cover your specific bill. 3. **Check credit union eligibility.** See if you can join one near you, like in ZIP code 79705, for a PAL. ## Common questions from Midland borrowers Are there really credit unions in Midland with cheaper loans? Yes. My Community Credit Union and First Basin Credit Union offer Payday Alternative Loans. These are capped at 28% APR, which is typically 80–90% cheaper than a licensed payday loan in Texas. Most require you to be a member for 30 days first. What happens if I can't repay my payday loan? Contact your lender immediately. It's also crucial to seek help from a nonprofit credit counselor. Avoid taking out another loan to pay off the first one, as this can create a cycle of debt. For more on the rules that govern these loans, see our guide to [payday loans in Texas](/by-region/texas/). I'm active-duty military. Do the same rules apply? No. Federal law provides special protection. If you are a covered borrower under the Military Lending Act, the APR on most consumer credit is capped at 36%. This is much lower than the typical cost of a [payday loan](/payday-loans/) in Texas. Where should I look in Midland for the best lenders? Interest in short-term credit clusters in specific areas. Focus your search for credit unions and nonprofit assistance in ZIP codes 79701, 79703, and 79705. This is where you're most likely to find a physical branch or office. #### See your Midland options Match with Texas-licensed lenders only. Compare cost against lower-rate alternatives on the same page. [See my options](/apply/) 🔒 256-bit encrypted · TX-compliant --- #### Credit unions near Midland - My Community Credit Union - First Basin Credit Union - Midland Teachers Credit Union Find every credit union serving Midland on the [NCUA official locator ↗](https://mapping.ncua.gov/). --- #### Local nonprofits - United Way of Midland - Catholic Charities (Texas region) - Texas Appleseed - Community Loan Center Texas --- #### Other Texas cities - [Amarillo, TX](/city-directory/tx/amarillo-tx/) - [Arlington, TX](/city-directory/tx/arlington-tx/) - [Austin, TX](/city-directory/tx/austin-tx/) - [Brownsville, TX](/city-directory/tx/brownsville-tx/) - [Carrollton, TX](/city-directory/tx/carrollton-tx/) - [Corpus Christi, TX](/city-directory/tx/corpus-christi-tx/) - [Dallas, TX](/city-directory/tx/dallas-tx/) - [El Paso, TX](/city-directory/tx/el-paso-tx/) - [Fort Worth, TX](/city-directory/tx/fort-worth-tx/) - [Frisco, TX](/city-directory/tx/frisco-tx/) - [Garland, TX](/city-directory/tx/garland-tx/) - [Grand Prairie, TX](/city-directory/tx/grand-prairie-tx/) - [Houston, TX](/city-directory/tx/houston-tx/) - [Irving, TX](/city-directory/tx/irving-tx/) - [Killeen, TX](/city-directory/tx/killeen-tx/) - [Laredo, TX](/city-directory/tx/laredo-tx/) - [Lubbock, TX](/city-directory/tx/lubbock-tx/) - [McAllen, TX](/city-directory/tx/mcallen-tx/) - [McKinney, TX](/city-directory/tx/mckinney-tx/) - [Mesquite, TX](/city-directory/tx/mesquite-tx/) - [Pasadena, TX](/city-directory/tx/pasadena-tx/) - [Plano, TX](/city-directory/tx/plano-tx/) - [San Antonio, TX](/city-directory/tx/san-antonio-tx/) - [Waco, TX](/city-directory/tx/waco-tx/)