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By: Frank Partnoy | Updated: 2024-03-03 08:22:55

Car Title Loan, Instant Decision

Got a car with a clean title and need some cash urgently? Applying for a car title loan online with an instant application is the easiest way to secure a short-term loan and get the money that you need for any unexpected expenses even with bad credit. The maximum loan amount varies from lender to lender, but in general, it can reach $25,000 which depends on the car which you own and other criteria. You still can use your vehicle if you get a loan and make the payments on time.

What are title loans or title pawns?

Online title loans (also known as car title loans or title pawn) are secured short-term loans when the auto title is used as collateral. The borrower as the car owner can use the car title to secure an online title loan or title pawn which makes up to 25% of the car's value.

The borrower can freely use the car but is not allowed to sell or damage the car in any way. Title loan lenders do not rely on the borrower's creditworthiness, that is why such loans are very popular among people with bad credit scores.

How to get a car title loan online?

Following these simple steps will help you understand the overall application process and prepare all necessary paperwork to make things faster.

Are title loans legal in your state?

First, make sure that car title loans are legal in your state. Different states might have different names for title loans, as well as different limits for maximum loan amounts and maximum interest rates or APR.

Do you own your car title?

Make sure that you own the title of your car. If you have a car lease or the title is already used as collateral for another loan, then you will not be able to use the same car to support another loan.

Have you got all the paperwork?

Prepare your paperwork. When applying for the loan, you will be asked to provide the title of your car, personal photo ID, proof of income, vehicle registration, and insurance.

Apply for a title loan

Apply online, which is easier and safer during the coronavirus crisis, or find a local title loan lender and visit their store. Please make sure that you follow the safety rules when visiting a physical store, see our coronavirus info page for more info.

Get the money!

If all the documents are fine and you meet the lender's criteria, you will get the funds immediately or the next business day. You can now use the money as well as still use the car for your needs.

Are car title loans available near me?

If you are looking to find a nearby auto title loan lender it is important to make sure that title loans are legal in your state.

In some states, the loan is called car title pawn, which is basically the same service where you secure a loan using your car's title as collateral, but it might have slightly different terms.

To find the best car title loan near me it is much easier to use our online title loan application which takes just five minutes to complete and gets almost instant results. This is much easier and faster than trying to look for physical stores of auto title loans near me.

What are the benefits of instant title loans?

Quick cash

Just like with any other online loan, auto title loans are a fast way to secure some cash when you need it urgently. In most cases you will get the loan deposited the same day after being approved, or the next business day at most.

Cheaper than unsecured loans

Since title loans are backed up by collateral, this means lower risk for the lender and in most cases a better interest rate and terms for the borrower if compared to unsecured short-term loans which usually have significantly higher interest rates.

No hard credit checks

Do not worry about a bad credit score, the title loan lender will perform no hard credit checks since your car's title is used to support the loan in full. So, any credit is accepted when you apply for car title loans.

Do I qualify for an auto title loan online?

Depending on the title loan direct lender you select, the requirements may vary, but in general, you should meet the following criteria to get a positive response to your instant title loan application:

  • You must be the legal and only owner of the vehicle
  • You must have a valid income source that can be proved
  • A valid personal ID is required
  • You must prove full coverage insurance
  • Some direct lenders require additional documents

If you meet all criteria above, then there is no reason why you should not be qualified to get a car title loan for your vehicle, be it a car or a motorcycle.

What are the title loan alternatives?

If for some reason you are not able to get a car title loan, or not willing to use your car as collateral risking losing it, then considering an unsecured loan may be a good alternative for you.

Payday loans

A payday loan is a small short-term unsecured credit typically up to $1500 where lenders rely on your credit score and ability to repay the loan when evaluating your application. Since payday loans have remarkably high interest rates, it is not recommended to use those loans for longer periods.

Please see our payday loans page for more information.

Installment loans

An installment loan is an unsecured personal loan up to $10,000 which is given for a longer period than payday loans. Installment loans are repaid in fixed monthly installments and usually have a lower APR than payday loans. A better credit score can land a better deal on installment loans.

Please see our installment loans page for more information

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