Title Loan Data for Palm Bay, FL
$2,328
Average Loan Amount
$375–$10,128
Loan Range
2012
Average Vehicle Year
29
Loans Funded
Based on 29 loans in Palm Bay from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Florida regulations.
Actual Title Loans Funded in Palm Bay, FL
Actual loan amounts vary based on vehicle condition, mileage, and Florida regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2021 | Chevrolet | Colorado | 76,000 | $6,616 |
| 2003 | Dodge | Ram 1500 | 136,000 | $3,335 |
| 2015 | GMC | Sierra 2500 | 173,174 | $8,121 |
| 2015 | INFINITI | Q60 | 145,000 | $3,403 |
| 2014 | Chevrolet | Malibu | 167,000 | $2,100 |
| 2006 | Toyota | Camry Solara | 200,086 | $1,000 |
| 2005 | Lincoln | Navigator | 198,000 | $1,825 |
| 2011 | Ford | Flex | 180,000 | $1,075 |
| 2021 | Nissan | Rogue | 80,000 | $10,128 |
| 2013 | BMW | 5-Series | 112,224 | $1,075 |
Average Title Loan by Most Common Vehicles in Palm Bay, FL
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Toyota | $5,996 | $2,855 | 6 |
| Nissan | $5,720 | $2,645 | 5 |
| Ford | $2,256 | $1,325 | 4 |
| Chevrolet | $3,250 | $2,039 | 3 |
| GMC | $15,650 | $4,848 | 2 |
Based on 29 loans in Palm Bay from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Florida regulations.
Did You Know? Palm Bay by the Numbers
What Palm Bay Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Critical Home Repairs (Roof, Plumbing) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 29 borrowers in Palm Bay from 2024–2025.
Unemployment Rate in Palm Bay, Florida
6.1% of Palm Bay residents are currently unemployed, compared to the Florida state average of 5.0%.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Median Household Income in Palm Bay, Florida
The median household income in Palm Bay is $72,614. About 11.7% of residents live below the federal poverty line.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Title Loan Regulations in Florida
- Interest rate cap: Tiered: 30% per year on first $2,000; 24% per year on $2,001-$3,000; 18% per year above $3,000
- Loan range: $250 to $10,000 (typical market range)
- Repayment term: 30-day term, extendable for additional 30-day periods
- Regulated by: Florida Office of Financial Regulation (OFR)
What a Title Loan Costs in Florida
| Loan Amount | Term | APR | Interest/Fees | Total Due |
|---|---|---|---|---|
| $1,000 | 30 days | 30% | $25 | $1,025 |
| $3,000 | 30 days | 28% | $69 | $3,069 |
| $5,000 | 30 days | 24% | $99 | $5,099 |
Your actual rate and payment depend on your lender and agreement. Always ask your lender for the full APR before signing.
📖 Governing law: Florida Title Loan Act, Chapter 537, Florida Statutes
See all Florida title loan rules and consumer protections on our Florida title loans page.
Title Loan Questions for Palm Bay, FL Residents
Credit score is not the primary factor for a title loan in Palm Bay. Approval is based on the value of your vehicle and your ability to make repayments. A soft or hard credit inquiry may be run as part of the process, but a low score does not automatically disqualify you.
A title loan in Palm Bay is suited for people who need fast cash, have a qualifying vehicle, and may not meet the credit requirements for a traditional loan. The trade-off is higher interest. For short-term emergencies with a repayment plan in place, they can be a practical solution.
Yes. Car title loans are legal in Palm Bay and throughout Florida under Chapter 537 of the Florida Statutes. Lenders must hold a license issued by the OFR and comply with statutory rate caps, disclosure requirements, and consumer protections including no prepayment penalty and the right to partial payments.
Yes. If the loan is unpaid 30 days past the maturity date, the lender can repossess your vehicle. Florida law requires the lender to allow you to remove personal belongings and give 10 days written notice before any sale. You can still reclaim your car by paying the full balance before the sale.
Yes, you can apply for a title loan online from home in Palm Bay. The entire application process can be completed online. Submit your vehicle details, upload your documents, receive a decision, get approval for your loan, and receive your funds directly to your bank account, all without leaving home. Get a free estimate online to start today.
A lien-free title means no lender has a financial claim against your vehicle. It is required for most title loans in Palm Bay because the title loan lender needs to hold a first-position lien. If a prior lien exists, it must be paid off or refinanced first.
Yes. Bad credit does not prevent you from getting a title loan in Palm Bay. Title loans are specifically built for borrowers with poor credit who have been turned away by traditional lenders. Because your vehicle secures the loan, approval is based on what your car is worth and whether you can demonstrate income to repay. A low credit score is not a barrier to applying.
To apply for a car title loan in Palm Bay, you will need:
• Your car title in your name (paid off or with a small remaining balance)
• A government-issued photo ID
• Proof of income
• Proof of Florida residency
• Your Social Security number
Good credit is not required. The main approval factors are your vehicle’s value and your ability to repay.
