Title Loan Data for Virginia Beach, VA
$3,435
Average Loan Amount
$500–$14,271
Loan Range
2014
Average Vehicle Year
554
Loans Funded
Based on 554 loans in Virginia Beach from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Virginia regulations.
Actual Title Loans Funded in Virginia Beach, VA
Actual loan amounts vary based on vehicle condition, mileage, and Virginia regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2022 | Toyota | Corolla | 64,000 | $3,200 |
| 2014 | Cadillac | Escalade | 130,000 | $4,718 |
| 2017 | Toyota | RAV4 | 102,000 | $6,243 |
| 2019 | Jeep | Grand Cherokee | 122,000 | $5,146 |
| 2009 | Dodge | Viper SRT-10 Roadster | 23,000 | $14,286 |
| 2014 | Ford | F150 | 200,250 | $3,586 |
| 2020 | Ford | Fusion | 21,855 | $1,890 |
| 2012 | Ford | F250SD | 212,000 | $8,093 |
| 2019 | BMW | 8-Series | 49,603 | $10,883 |
| 2016 | Honda | HR-V | 160,000 | $1,986 |
Average Title Loan by Most Common Vehicles in Virginia Beach, VA
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Toyota | $10,001 | $3,784 | 98 |
| Ford | $8,753 | $3,357 | 68 |
| Honda | $9,096 | $3,397 | 60 |
| Chevrolet | $8,017 | $3,386 | 58 |
| Nissan | $6,729 | $2,945 | 35 |
Based on 554 loans in Virginia Beach from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Virginia regulations.
Did You Know? Virginia Beach by the Numbers
What Virginia Beach Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Moving Expenses or Security Deposits |
| 2 | Rent or Mortgage Payments |
| 3 | Urgent Vehicle Repairs |
Based on 554 borrowers in Virginia Beach from 2024–2025.
Unemployment Rate in Virginia Beach, Virginia
4.0% of Virginia Beach residents are currently unemployed, compared to the Virginia state average of 4.1%.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Median Household Income in Virginia Beach, Virginia
The median household income in Virginia Beach is $92,968. About 8.6% of residents live below the federal poverty line.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Title Loan Regulations in Virginia
- Interest rate cap: 36% per year interest plus optional monthly maintenance fee up to $15/month (combined rate including fees; Virginia statutory interest is limited under the Consumer Finance Act, with additional fee schedules)
- Loan range: Up to $2,500 (no minimum)
- Repayment term: 6 to 24 months
- Regulated by: Virginia State Corporation Commission (SCC) – Bureau of Financial Institutions
What a Title Loan Costs in Virginia
| Loan Amount | Term | APR | Interest/Fees | Total Due |
|---|---|---|---|---|
| $500 | 12 months | 36% | $103 | $603 |
| $1,500 | 12 months | 36% | $308 | $1,808 |
| $2,500 | 12 months | 36% | $514 | $3,014 |
Lenders may also charge a monthly maintenance fee (up to $15/month), adding up to $180 per year on top of interest. Always ask your lender for the full APR before signing.
📖 Governing law: Virginia Motor Vehicle Title Loan Act (as reformed by Fairness in Lending Act 2020)
See all Virginia title loan rules and consumer protections on our Virginia title loans page.
Title Loan Questions for Virginia Beach, VA Residents
You can use title loan funds for any purpose. Common uses include emergency medical expenses, catching up on rent or utilities, or handling unexpected repairs. Virginia title loans are an expensive form of credit, so they work best for genuine emergencies rather than routine spending.
Virginia title loan costs are higher than most other borrowing options even with the 36% annual cap. Personal loans from banks and credit unions typically cost less. Understanding the full cost, including all fees shown in your written contract, before signing is essential.
You can complete the entire process online or over the phone. Submit your vehicle title details, photo ID, income documents, and vehicle photos through a secure online platform. Funds are typically delivered electronically once approved and documents are finalized.
You will need a valid Virginia certificate of title before the loan can proceed. If your title is lost, you can apply for a replacement through the Virginia DMV. Visit dmv.virginia.gov for the replacement title application, required documents, and fees.
Bad credit is not the main factor for title loan approval. These loans are designed for borrowers with poor or no credit history. Approval is based on your vehicle’s value and your ability to make payments, not your credit history.
No, there is no prepayment penalty on Virginia title loans. Virginia law requires the lender to refund a prorated portion of fees and interest when you pay off early. You can settle your balance at any time and reduce your overall cost.
Yes. Title loans often come with high costs. In Virginia, on a $1,000 loan you could pay up to about $45 per month (around $30 in interest plus up to $15 in monthly fees). Total charges over the life of the loan are capped at 50% of the loan amount for loans of $1,500 or less, and 60% for loans above $1,500. You should treat this as a short-term option and plan to repay it on time.
Example:
If you borrow $1,000 in Virginia Beach, total interest and fees cannot exceed $500.
No credit check is required for pre-approval or a free estimate. Approval is based primarily on your vehicle’s value and your ability to repay.
