Are you dealing with an emergency expense, but don’t have the funds saved up to deal with it? If so, an online loan in Texas may be able to help! With a CreditFresh Line of Credit by CBW Bank, Member FDIC, you may be able to qualify for an online loan between $500 to $3,500. While you might find hidden terms and unexpected fees with some online loans in Texas, the terms of a CreditFresh Line of Credit are transparent and straightforward.
The process of submitting a request for an online loan in Texas through CreditFresh is quick and simple. If approved, you’ll be able to access funds whenever the need arises, as long as you have available credit. Simply request a draw on your personal Line of Credit from your available credit and the funds will be in your account as soon as the next business day!
Note: A Line of Credit is a type of online loan. As a revolving credit product, you can request draws, repay and redraw as needed from your available credit.
Online Loan Summary
Loan Amount: $500 to $3,500
Loan Type: Line of Credit
Lender: CBW Bank
Minimum Payment: Billing Cycle Charge + Required Principal Payment
Funding Time: 1 Business Day3
Benefits of Choosing CreditFresh Online Loans in Texas
Access Credit When you Need it
- You’ll get the financial flexibility you need to handle emergency expenses.
- Have access to your available credit when you need it by requesting a draw online.
- Funds can be in your bank account as soon as the next business day.
Excellent Customer Service
- Our dedicated Customer Service team is here to help!
- You can reach us 7 days a week for any questions relating to our services and/or products offered through the CreditFresh website.
- We’re here to help you access the funds you need when an emergency strikes.
Transparent, Easy-to-Understand Product
- Straightforward repayment terms without hidden fees
- A simple Billing Cycle Charge structure.
- Have access to a secure online platform to review information regarding your account.
CreditFresh Online Loans in Texas – The Details
If you face an emergency expense – like an unexpected home repair – and you don’t have the money set aside to help you deal with it, an online loan in the form of a line of credit may be the safety net you need to tackle this expense!
If you’re looking to submit a request through CreditFresh, click here to submit a request or call us at 1-800-766-2007 for more information.
Credit Limit
$500 to $3,500.
Making a Draw
You have the option to withdraw available funds all at once, or in smaller amounts from your available credit, as needed. If you request a draw, funds will typically be deposited into your bank account by the next business day3.
Repayment of Your Online Loan in Texas
If you have an outstanding balance, you will be required to make a Minimum Payment for each Billing Cycle.
You will be issued a Periodic Statement at least 14 days before your Minimum Payment is due for your Line of Credit. Your Periodic Statement will show your Minimum Payment and your Payment Due Date.
Your Minimum Payment will be made up of two components:
- Billing Cycle Charge: this will be calculated based on your Average Daily Principal Balance that appears on your Periodic Statement (see details below); and
- A required principal payment which helps ensure you are always paying down your Outstanding Principal Balance.
You can always make payments towards your Outstanding Principal Balance at any time without prepayment penalties.
The Cost of a CreditFresh Online Loan in Texas
For each billing cycle, you will only be charged a Billing Cycle Charge if you have an Outstanding Principal Balance. You can find this information in your Periodic Statement.
Billing Cycle Charge Table:
If the “Average Daily Principal Balance” appearing on you Periodic Statement is: |
If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be: |
If you are paid monthly, your Billing Cycle Charge will be: |
| $0.01 - $9.99 | $5.00 | $10.00 |
| $10.00 - $249.99 | $15.00 | $30.00 |
| $250.00 - $499.99 | $30.00 | $60.00 |
| $500.00 - $749.99 | $40.00 | $80.00 |
| $750.00 - $999.99 | $55.00 | $110.00 |
| $1,000.00 - $1,249.99 | $70.00 | $140.00 |
| $1,250.00 - $1,499.99 | $85.00 | $170.00 |
| $1,500.00 - $1,749.99 | $95.00 | $190.00 |
| $1,750.00 - $1,999.99 | $105.00 | $210.00 |
| $2,000.00 - $2,249.99 | $115.00 | $230.00 |
| $2,250.00 - $2,499.99 | $120.00 | $240.00 |
| $2,500.00 - $2,749.99 | $135.00 | $270.00 |
| $2,750.00 - $2,999.99 | $145.00 | $290.00 |
| $3,000.00 - $3,249.99 | $160.00 | $320.00 |
| $3,250.00 - $3,500.00 | $175.00 | $350.00 |
Frequently Asked Questions
What are the minimum requirements to qualify for an online loan in Texas offered through CreditFresh?
In order to request an online loan through CreditFresh, you must:
- Be of legal age to contract in Texas
- Be a US citizen or a permanent resident
- Be a resident of Texas
- Have an active bank account
- Have a regular, consistent source of income
- Have a valid contact number and an active email address
Please note that currently, no credit products offered through CreditFresh have rates that would meet the requirements applicable to lending to covered members of the US armed forces and their dependents.
Will I need a bank account to be approved for this online loan in Texas?
Yes, you’ll need to have an active bank account to be approved for this online loan.
Will I need to make an appointment to submit a request for this online loan?
You will not need an appointment to submit a request. To start this process, simply click here. Submitting a request is simple and may take only a few minutes to complete1.
For more information, feel free to give us a call at 1-800-766-2007 and a member of our Customer Service team will be pleased to help you.
Are online loans offered through CreditFresh in other states?
Yes, online loans are currently offered through CreditFresh in the form of a Line of Credit in Alabama, Delaware, Florida, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Nebraska, Ohio, South Carolina, Utah, and Washington in addition to Texas.
How is a line of credit different than an installment loan?
A line of credit differs from an installment loan in that it’s a revolving form of credit. This means, if you’re approved, you can draw any amount from your available credit, either in small amounts or all at once as needed. As you pay down your balance, you can continue to borrow money when you need it from your available credit. Being able to request draws, repay and redraw as needed may make emergency loans online useful when you’re faced with an unexpected expense.
We’re here to help!
If you’re searching for guidance or information on the process of requesting an online loan in Texas through CreditFresh, feel free to contact our Customer Service team at 1-800-766-2007. You can also find more information about the CreditFresh Line of Credit by visiting our general FAQ page.