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TitleMax is a leading title loan provider. We offer affordable title loans to customers across many states. Find your nearest TitleMax location to apply for a title loan today.
A title loan is a short-term loan where you can use the title of your car as collateral. TitleMax provides cash advances based on the value of your vehicle. The loan is repaid within 30 days but can be extended with additional interest and fees.
To qualify for a title loan with TitleMax, your vehicle must be paid off and registered in your name. You also need a valid driver's license, proof of income, and the title to your vehicle. Generally, your vehicle should be less than 10 years old and worth at least $1,000.
The amount you can borrow depends on the value and condition of your vehicle. As a general rule, TitleMax loans range from $100 to $5,500 or 50% of your vehicle's value, whichever is less.
Title loan interest rates vary by state but typically range between 100-300% APR. However, because title loans are short-term, the effective annual percentage rate (EAPR) is usually lower than the advertised APR.
Yes, one advantage of title loans is that credit history is not a major factor in approval. TitleMax considers the equity in your vehicle rather than your credit score. So even if you have bad credit, you may still qualify for a title loan.
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