Title Loans - Use Your Car to Get Instant Cash Advance
USA Ttitle loans provide instant funding up to $1,000 on average, or sometimes more after you secure the loan with your vehicle as a collateral. It's quick and easy to get a Title Loan as most lenders approve applicants with both good and bad credit score and with no credit check. Check the requirements and compare Title Loans to other instant cash advance options such as Payday Loans or Personal Installment Loans to choose the most suitable offer.
If Car Title Loans haven't met your needs, consider other ways to get instant cash advance:
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What are Title Loans?
A Title Loan is a short-term small amount cash advance provided in exchange of your vehicle title as a collateral. You can get about $1000 and pay it back within a month. The cost of a Title Loan depends on the APR plus a fee. The average interest rate is 300% a year. So, you'd better repay it on time not to get into debt and lose your car.
Car Title Loans - amounts, terms and costs
A car title loan, or a pink-slip loan, title pledge, title pawn — is a small, short-term loan secured by your vehicle as collateral. It is rather expensive due to high interest and short repayment period of 15 - 30 days.The loan amount varies depending on the value of your vehicle, usually it's 25% - 50% of the value of the car which is $100 - $5,500 on average, up to $10,000 or more from some lenders.
Are Title Loans legal in my state?
Title Loans are legal only in 50% of the US states and terms and amounts vary in each of them. Learn the Title Loan laws and regulations in your state of residence before applying:
|
State |
Tital Loan amount |
Tital Loan terms |
Tital Loan interest rates and other fees |
Other regulations |
|
Not limited |
10 – 30 days |
300% APR, maximum 25% / month |
Sale or leaseback are prohibited |
|
|
Not limited |
Minimum 6 days |
204% APR, 17%/mon. $500 or less; 15% per mon. Late fee up to 5% of unpaid balance of installment if not paid in full on tenth day after due date. Doc fees prohibited.
|
Sale or leaseback are authorized
|
|
|
Minimum $2500 |
Not stated |
Maximum 30% APR |
|
|
|
Not limited |
Maximum 180 days, with rollovers |
Not limited |
Title is required |
|
|
Not limited |
30 days, extensions allowed |
25%/mon. 1st 3, 12.5% after; plus lien fee |
Sale or leaseback are prohibited. Title is required |
|
|
Not limited |
Maximum 30 days |
Not limited |
Title is required |
|
|
Up to $4,000, OR up to 50% of their monthly income |
Terms are not limited, 15 days between loans. Only 1 renewal |
Not limited |
Sale or leaseback are prohibited. Title is required |
|
|
Minimum $350 |
2 months |
36% APR |
|
|
|
Maximum $2500 |
30 days, may renew if pay 10%
|
Maximum 25% APR, sales fee
|
Title is required |
|
|
Maximum $5000 |
30 days |
APR is not limited, $25 NSF, origination fees
|
Title is required |
|
|
Maximum loan amount can’t exceed the market value of the vehicle |
30 days, 6 renewals, may go up to 210 days if conditions met
|
APR is not limited, NSF fee |
Title or add lender as lienholder to title
|
|
|
Maximum $10000 |
Up to 1 month, 10 renewals are allowed |
25% APR, 1 NSF/ck., 1 late fee per payment up to 5% of installment after 10 days
|
Title is required |
|
|
Maximum $2500 |
Not limited |
APR is not limited, Late fee 5% after 10 days
|
Title is required |
|
|
Minimum $2500 |
Not limited |
Not limited |
|
|
|
Not limited |
30 days, 4 renewals |
Not limited |
|
|
|
Maximum $2500 |
30 days |
1/5 loan + 2%/months |
Clear title is required |
|
|
Not limited |
Maximum 180 days |
10% interest cap; no fee limit
|
Title is required |
|
|
One loan at a time. Up to fair market value of vehicle
|
Not limited, renewals allowed |
Not limited |
Title is required |
|
|
Not more than 50% of the market value of the vehicle |
120 days – 12 months, no renewals or rollovers |
22% per month of outstanding balance up to $700, 18%/$701-$1400; 15%/$1401and up + lien fee
|
Title is required. Vehicle lien must be filed with DMV
|
|
|
Up to 50% of the total value of the car OR up to $25,000 |
Up to 6 months |
Not limited |
Title is required |
Don't get disappointed if Title Loans are not allowed in your state. There're many other options to get fast cash advance. Consider such Title Loan alternatives as Payday Loans or Installment Loans for example.
Online Title Loans
Online Title Loans are a convenient and quick way to get the urgent funds. If you have enough equity in the car, you'll get your money same day.
- Apply online.
- Get approved.
- Receive instant cash advance.
The benefits of online Title Loans are:
- Simple and fast application process of 5 - 10 minutes
- Quick approval within 24 hours
- Competitive interest rates
- Credit score does not matter in qualification for a car title loan
- An affordable flexible repayment
Title Loans Near Me
Though you can apply for a car Title Loan online, you usually need to drive to a loan store anyway, firstly, to have your vehicle inspected, and secondly, to get the cash. That's why almost all the Title Loan lenders have both online and in-store services. In the USA Title Loans can be legally provided in 25 states. Check if it's legal in your state and look for the stores nearby at your location. To make the process faster and easier apply online, find out all the requirements, pepare the documents and only then drive to a loan shop to get the necessary funds.
How do Title Loans work?
- A borrower decides what amount he needs, usually within $1000. Don't forget to check if Title Loans are legal in your state.
- You can fill out an application form online or in the store, any way you'll have to finish the process in a physical location where you'll take your vehicle for inspection.
- As your personal information is verified, if both a lender and a borrower agree on the terms and conditions of the loan, a borrower is to provide his car title which will be used as a collateral.
- Getting a Title Loan takes less than an hour, so after you've signed a loan agreement you are likely to leave the store with cash really fast.
- Repayment depends on the type of Title Loan you apply for:
- Single-payment Title loans are paid back in a lump sum within 30 days, and have an average APR of 300% which greatly resembles Payday Loans.
- Installment Title loans offer more flexible payments within 3 - 6 months, and have an average APR of 259% which may be regarded as Personal Installment Loans
Keep in mind - during all the repayment period you can use your vehicle. Only in case of a Title Loan default the lender can take it out.
Title Loans requirements
- The car’s title. It's going to be used as a collateral for your Title Loan.
- The car. It's necessary to inspect the car at first and estimate its value. Though it doesn't mean you an't use the car while you are paying off the money.
- A proof of income as well as employment. Though you can find a lender providing Title Loans even if you are not currently employed.
- A Government-issued ID.
- US residence.
- Bank account information (not always required, depending on the lender).
Online Title Loans no credit check
Many lenders put a good credit score in the list of their requirements. Title Loans are a good way out if you have bad credit or want to avoid credit check. They are secured by your vehicle which makes it less risky for the lenders to provide money for any type of borrower regardless their credit. As long as you have a car title and your car corresponds to the requirements, and you have a job and are likely to pay off on time, there're good chances you'll be approved for the amount based on your car's value. It's possible that the lender does a soft credit check just to be on the safe side but it does not affect your credit history.
Online Title Loans no inspection
If you prefer to apply for a Car Title Loan completely online, with no driving, no phone calls, no inspection, look for online lenders offering title loans without vehicle inspection. This option has numerous benefits:
- applying from home or office
- service available 24/7
- 100% online
- competitive rates
- no credit check required
- suitable even for the unemployed
Applying for a Title Loan online with no inspection includes providing certaim information on your vehicle with pictures. On the basis of these data the lender estimates the value of your car and makes a loan deciaion. Cash gets into your hands, if you are approved for a title loan, the same day by means of bank deposit, a check or in cash.
Alternatives to Car Title Loans
If for some reason Title Loans don't suit your needs, or you don't meet the reqirements to get approved, consider other options to receive quick funding in any urgent situation:
- Look for short-term small loans form a bank, credit union or other community-based organizations.
- Get cash advance on your credit card.
- Apply for short-term Payday Loan online or in-store to get instant loan even with bad credit.
- Consider Personal and Installment Loans for higher amounts but still greatly available for both good and bad credit score borrowers.
- If you need cash advance because you can't pay the bills, negotiate with your creditors about a repayment plan, or extension, or any other way to solve this problem without additional loans.
- If you're in debt, search for help at some local non-profit credit counselling service.
- Think about Pawn shop loans if you have any valuables which you can use as a collateral.
- Make some extra money, for example, by recycling, or taking up an odd job.
- Ask friends or family for help.
- Talk to your employer about some cash advane.
Anyway, before applying for this or that loan shop aroundm compare the offers, check the rates and fees, terms, requirements, etc. Consider your ability to repay the money. Make a realistic budget, including your expenses and income. Make sure you pay the loan on time to avoid additional fees and debts.
Title Loans by state
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The APR is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. APR rates are subject to change.
Check Into Cash
A payday loan is a small dollar, short-term advance. Payday loan amounts range from $50 to $1,000 depending on your state of residence. In exchange for the cash, Check Into Cash charges a small fee. This fee, along with the original amount borrowed, is typically due on your next day of pay
As a medium term credit solution, Installment Loans can offer higher loan amounts than short term loan products. You can pay it back over a longer period of time and there are no penalties for early payments. Check Into Cash Installment Loans range from $500-$3000 depending on your state of residence.
The APR is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. APR rates are subject to change.
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