Title Loan Data for Lafayette, LA
$1,084
Average Loan Amount
$300–$4,191
Loan Range
2011
Average Vehicle Year
24
Loans Funded
Based on 24 loans in Lafayette from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Louisiana regulations.
Actual Title Loans Funded in Lafayette, LA
Actual loan amounts vary based on vehicle condition, mileage, and Louisiana regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2004 | Toyota | Highlander | 200,000 | $700 |
| 2009 | Saturn | Aura | 110,000 | $500 |
| 2005 | Chevrolet | Trailblazer | 22,600 | $400 |
| 2015 | Nissan | Altima | 205,149 | $1,000 |
| 2017 | Toyota | Camry | 115,110 | $2,411 |
| 2018 | Audi | Q5 | 109,000 | $2,000 |
| 2002 | Toyota | Tundra | 326,000 | $500 |
| 2010 | Jeep | Liberty | 201,181 | $600 |
| 2015 | Nissan | Altima | 200,000 | $700 |
| 2018 | Toyota | Camry | 150,000 | $800 |
Average Title Loan by Most Common Vehicles in Lafayette, LA
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Toyota | $6,650 | $1,090 | 4 |
| Nissan | $1,813 | $1,000 | 4 |
| Ford | $6,838 | $1,573 | 4 |
| Mitsubishi | $751 | $850 | 2 |
| Honda | $5,425 | $1,061 | 2 |
Based on 24 loans in Lafayette from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Louisiana regulations.
Did You Know? Lafayette by the Numbers
What Lafayette Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Critical Home Repairs (Roof, Plumbing) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 24 borrowers in Lafayette from 2024–2025.
Unemployment Rate in Lafayette, Louisiana
5.2% of Lafayette residents are currently unemployed, compared to the Louisiana state average of 6.8%.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Median Household Income in Lafayette, Louisiana
The median household income in Lafayette is $61,915. About 18.3% of residents live below the federal poverty line.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Title Loan Regulations in Louisiana
- Interest rate cap: Tiered: 36% per year on first $1,400; 27% on $1,401-$4,000; 24% on $4,001-$7,000; 21% on amounts above $7,000
- Loan range: No minimum or maximum set by state law
- Repayment term: Loan terms vary by lender and agreement; no specific statutory minimum or maximum
- Regulated by: Louisiana Office of Financial Institutions (OFI) – Non-Depository Division
What a Title Loan Costs in Louisiana
| Loan Amount | Term | APR | Interest/Fees | Total Due |
|---|---|---|---|---|
| $1,000 | 12 months | 36% | $206 | $1,206 |
| $2,500 | 12 months | 32.04% | $455 | $2,955 |
| $5,000 | 12 months | 28.92% | $805 | $5,805 |
Louisiana uses a tiered finance charge structure. Different portions of the loan are subject to different maximum annual rates. The APR shown reflects these tiers combined. Your actual rate depends on your loan amount and agreement.
📖 Governing law: Louisiana Consumer Credit Law
See all Louisiana title loan rules and consumer protections on our Louisiana title loans page.
Title Loan Questions for Lafayette, LA Residents
Stopping payments can result in repossession. In many cases, certain steps must be followed and notice given before the vehicle is sold. If the car sells for more than you owe, the remaining balance is typically returned to you. If it sells for less, you may be responsible for the shortfall. Reach out before you miss a payment to explore your options.
Age and mileage can reduce a vehicle’s market value, but older or high-mileage cars may still qualify. The vehicle’s condition and your ability to repay are also considered. A well-maintained car may still support a qualifying loan amount.
Your car secures the loan. You can borrow up to about 50% of your vehicle’s market value based on the car’s worth and your ability to repay. The lender records a lien with the Louisiana OMV and holds your title while you keep the car. Your title is returned on full payoff.
To apply for a car title loan in Lafayette, you will need:
• Your car title in your name (paid off or nearly paid off)
• A government-issued photo ID
• Proof of income
• Proof of Louisiana residency
• Your Social Security number
A low credit score will not automatically disqualify you. What matters most is your vehicle’s value and your income.
Yes. You may still qualify with bad credit or a past bankruptcy. Approval is based mainly on your vehicle’s value and your ability to repay.
Yes. At 5 Star Car Title Loans™, you can complete your pre-approval online for free with no obligation. In most cases, the process, including the application, remote car inspection, and signing the agreement, can be completed from home.
A credit check may occur, but it is not the deciding factor. Title loans are secured by your vehicle, so approval is based on your car’s market value and income over credit history. A low score does not automatically disqualify you.
A title loan may be worth considering when speed and accessibility matter and other options are unavailable. Bank loans come with strict credit requirements. Title loans are approved based on vehicle value and income, often within hours. Be aware that title loans carry higher costs and your car serves as collateral if you default.
