Disclaimer: Figures shown reflect averages from 5 Star Car Title Loans™ funded loans 2023–2026 and are not pre-approval offers. Your offer depends on vehicle condition, market value, ability to repay, and state rules. Other vehicles may qualify. See title loan laws by state.

Title Loan Services – Key Details

Loan Feature	Details
Loan Amount	$100 – $50,000
APR	Varies by state (up to 150%)
Repayment Term	Up to 48 months
Type of Loan	Secured Title Loan
Collateral Required	Yes, vehicle title
Origination Fee	Varies by state
Prepayment Penalty	None

Loan terms, rates, and fees vary based on state regulations and eligibility criteria.

What Is a Title Loan?

A title loan is a secured loan that lets you use your vehicle title as collateral in exchange for funding. Your loan amount depends on the equity in your vehicle and your ability to repay, not just your credit score.

This makes title loans accessible to borrowers who may not qualify for traditional bank credit or who may have a bad credit score.

Because title loans carry high interest rates, they are best used for short-term emergency needs, not long-term debt.

How Do Title Loans Work?

The process to get fast cash is straightforward:

Apply online or in person by providing basic details about your vehicle.
Submit documents such as your vehicle title, proof of income, and identification.
Get approved based on your car’s value and repayment ability.
Receive funds, often the same day, and continue driving your vehicle.
Repay in installments over the agreed term. Once repaid, your title is returned to you.

How Much Can You Borrow?

With a title loan, you can usually borrow 25% to 50% of your vehicle’s current market value. Loan amounts can go up to $50,000, depending on your car’s make, model, mileage, and condition, as well as state regulations and your ability to repay.

In general, the higher your vehicle’s value and the stronger your income, the more you may qualify to borrow.

Title Loan Laws by State

Title loan rules vary by state. Some states cap the APR, limit loan size, or do not allow auto title loans at all. Your actual offer depends on where you live and your ability to repay.

See the state-by-state breakdown in our title loan regulations guide, and review consumer guidance from the FTC and CFPB before applying.

Example of a Car Title Loan

Sarah owns a 2018 Toyota Camry in good condition with a market value of about $12,000. She needs cash quickly to cover unexpected medical bills and some household repairs. Because her car is fully paid off and she has steady monthly income, she qualifies for a $6,000 car title loan.

Loan Snapshot
Vehicle	2018 Toyota Camry ($12,000 market value)
Loan Amount	$6,000 (50% LTV)
Term	24 months
APR	90%
Monthly Payment	~$575 (including fees)
Funding	Same business day

Sarah receives her funds the same business day she applies, which allows her to take care of her urgent expenses without delay. She chooses to make consistent payments, but if she decides to repay the loan early, she can save hundreds of dollars in interest because there are no prepayment penalties.

However, if Sarah falls behind on payments, she could face late fees, and in the worst case, risk losing her vehicle. This is why it’s important to borrow only what you can afford and have a clear repayment plan.

Try Our Title Loan Calculator

Want to see how much you could borrow and what your payments might look like? Use our Title Loan Calculator to estimate your potential loan amount, repayment term, monthly payments, and total cost.

This tool helps you plan ahead and understand the full cost of borrowing before you apply, making it easier to decide if a title loan is right for you.

Title Loans: Pros and Cons

Pros	Cons
Keep Driving: Use your vehicle while you repay. Keys stay with you.	Higher APR: Title loans cost more than bank credit. Review the rate page before signing.
Same-Day Funding: Apply online and get funded the same business day in most states.	Vehicle at Risk: Missed payments can lead to fees or repossession.
Borrow $100 to $50,000: Up to 25–50% of your vehicle’s market value.	Short Term: Most loans run 24–48 months depending on state law, so monthly payments can be tight.
Credit-Light Approval: Based on equity and ability to repay, not just your credit score.	State Rules Apply: Loan size, APR caps, and availability vary by state.
No Prepayment Penalty: Pay off early to save on interest.	Short-Term Need Only: Best for cash gaps, not long-term debt.

Lender Tip: Borrow only what you truly need.

Title loans carry high APRs and short terms, so a smaller balance saves the most money over the life of the loan. The FTC guide to car title loans is a good place to review the full costs and risks before applying.

What Do You Need to Apply for a Title Loan?

Most borrowers will need:

A clear vehicle title in your name
Government-issued photo ID
Proof of income (paystubs, bank statements, 1099s, or other regular income)
Proof of residence
Active vehicle insurance
Clear photos or a short video of your vehicle (most reviews are completed remotely, with no in-person inspection)

Requirements may vary depending on your state.

Why Choose 5 Star Car Title Loans?

Trusted provider with years of experience
Transparent terms and no hidden fees
Licensed and compliant with state lending laws
Customer-focused support and flexible repayment options

Frequently Asked Questions

Can I get a title loan with bad credit?

Yes. Approval is based on your vehicle’s equity and your ability to repay, not your credit score. See title loans for bad credit for details.

Do I keep my car during the loan?

Yes. You keep driving while the lender holds the title lien. Once the loan is paid off, the lien is released and the title is returned.

How fast can I get the money?

Most loans fund the same business day or the next, after documents are verified. See how long it takes for the full timeline.

What happens if I miss a payment?

Late fees apply, and in serious cases the lender can repossess the vehicle. Contact your lender immediately if you expect to miss a payment.

Not sure a title loan fits your situation?

See if it’s the right choice for you before applying.

Get Started With a Title Loan

Need fast cash without giving up your vehicle? A title loan could be the right solution. Start your application today and find out how much you can borrow using your car’s value.