Title Loans
Fast Cash Using Your Vehicle's Equity
Get the funds you need while keeping your car. Title loans use your vehicle as collateral, giving you access to cash based on your car's value — often with same-day approval.
Get a Title Loan in 3 Simple Steps
Provide Vehicle Info
Submit details about your vehicle including make, model, year, and mileage to determine its value.
Get Approved
Receive a loan offer based on your vehicle's value, often within minutes - even with bad credit.
Receive Funds
Keep driving your car while accessing your funds, available as soon as the same day you apply.
Title Loan Statistics
Understanding title loan numbers can help you make an informed decision before borrowing. Here's what you should know about typical title loan terms:
Average Loan Amount
$2,500.00
Typical Repayment Period
30 days to 12 months
Interest Rate Range
100% to 300% APR
Loan Range
$100.00 to $10,000.00
Who Can Qualify?
Title loans have more flexible requirements than traditional loans, making them accessible to many borrowers:
- Vehicle owners with a clear or nearly clear title
- Drivers with bad credit or no credit history
- Individuals with proof of ability to repay
- People who need fast access to emergency funds
- Borrowers who've been denied by traditional lenders
- Adults at least 18 years old with valid ID
How Title Loans Work
Understanding the title loan process helps you make informed borrowing decisions and avoid surprises.
Using Your Vehicle as Collateral
Title loans are secured by your vehicle's title. The lender places a lien on your title while you keep driving your car. Your loan amount is determined by your vehicle's value — typically 25% to 50% of what your car is worth. Higher value vehicles can secure larger loans.
Quick Application Process
The title loan application process is designed to be fast and straightforward. Most lenders offer online pre-approval followed by an in-person vehicle inspection. Many borrowers can complete the entire process in under an hour and receive funds the same day they apply.
Repayment Options
Title loans typically come with 30-day terms, though some lenders offer installment repayment plans. When your loan is due, you must pay the principal plus interest and fees. Some lenders allow rollovers if you can't repay, but this adds more fees and interest, increasing the total cost substantially.
Interest Rates and Costs
Title loans have higher interest rates than traditional loans, often ranging from 100% to 300% APR. A typical title loan might charge 25% interest per month, equaling a 300% APR. On a $1,000 loan, you'd owe $1,250 after just 30 days. Always understand all fees and terms before signing.
Risks and Considerations
The main risk with title loans is vehicle repossession if you can't repay. Additionally, rollover fees can trap borrowers in cycles of debt. Before getting a title loan, explore alternatives like personal loans, credit union loans, or payment plans with creditors, which typically offer lower rates and less risk.
What Our Customers Say
The title loan process was quick and straightforward. I got the money I needed using my car as collateral, and I could keep driving it. The funds helped me through a tough financial situation.
Alicia M.
Boston, MA
I was surprised how fast I was approved for my title loan. The staff explained everything clearly, and I received my funds the same day. The entire process was much easier than I expected.
Natalie P.
Minneapolis, MN
With a title loan, I was able to get cash despite my poor credit score. I appreciated that I could still use my car while repaying the loan. It provided the emergency funds I needed.
Gabriela R.
San Diego, CA
Title Loan Requirements
Gathering these items beforehand will streamline your title loan application process.
Clear Vehicle Title
A lien-free title in your name (or nearly paid off in some cases)
Vehicle for Inspection
Your car must be available for evaluation to determine its value
Government-Issued ID
Valid driver's license or state ID proving you're at least 18 years old
Proof of Income
Recent pay stubs, bank statements, or other verification of ability to repay
Proof of Residence
Utility bills, lease agreement, or other documentation showing your address
Vehicle Insurance
Proof of insurance coverage for your vehicle
References
Personal or professional references may be required by some lenders
Frequently Asked Questions About Title Loans
Get answers to common questions about title loans and how they work
Need Cash Using Your Car as Collateral?
Apply now to get a title loan quote. Quick approval with minimal requirements, and you keep driving your car!