how much is a title loan

Best answer


$1,000

People also ask


  • How much can you borrow with a title loan?

  • How much can you borrow with a title loan? You can usually 25% to 50% of the value of the car. According to the FTC, the average loan amount is $100 to $5,500, but some lenders allow you to borrow up to $10,000, and even more. Once you鈥檙e approved for a loan, you鈥檒l give the lender the title to your car.

  • What is a title loan and how does it work?

  • A car title loan is similar to a payday loan 鈥?it鈥檚 a small loan for a short period of time, usually 30 days. In exchange for the loan, you give the lender the title to your car until the loan is paid in full.

  • How to use a car title loan calculator?

  • The car title loan calculator is intuitive and very easy to. Just follow these steps: Enter the car title loan amount in the 鈥淟oan Amount鈥?field. This is the amount you want to borrow. Select a comparison interest rate (optional, for comparing another loan). Choose the preferred length of your loan in months.

  • How long does it take to get a car title loan?

  • In exchange for the loan, you give the lender the title to your car until the loan is paid in full. Title loans can be appealing because they usually don鈥檛 require a credit check, the application process can take as little as 15 to 45 minutes, and you can continue to drive your car.

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