We’ve scoured the web to find the 20 best title loan companies that will help you get the fast cash you need when you’re in a bind.
To identify the top title loan companies, we spent several hours:
- Researching hundreds of online and brick and mortar title loan lenders, along with online referral networks to ensure you have a wealth of options to choose from
- Analyzing customer and industry reviews to gauge overall reputability of the various lenders and referral networks
- Narrowing down options based on reputation, qualification criteria, loan costs, and the average time to funding
- Identifying the best alternatives for consumers who reside in states that don’t allow title loans
Who Are The Best Title Loan Lenders of 2018?
Below is a list of the top 20 title loan lenders and online referral networks. We’ve included both in case you prefer to streamline the process of shopping around by submitting your information in one place and being matched with the best option for you.
Feel free to take a look at what users are saying. Also, use the links below to do your own research and explore what each lender or referral network has to offer.
When exploring the options on our list, keep in mind that title loan laws vary by state, and some states do not allow them at all. For this reason, we’ve also included a few alternative loan options that do not require that your car is used as collateral.
- TMG Loan Processing
Rated as the top title loan processor by Consumer Affairs for two consecutive years, Tradition Media Group (TMG) is a title loan marketplace that connects consumers with lenders. Even if you have less than perfect credit, you may still qualify for a loan since the amount of equity you have in your vehicle will determine how you much you may qualify for.
Auto title loan amounts are as high as $50,000, and you have the option to apply online or via phone at 855-342-5595. If you choose to apply by phone, representatives are standing by 24/7 to assist with the processing of your application.
Once your application is submitted, you will be presented with the best loan offer from TMG’s network of lenders. There’s no obligation to accept the offer. And you won’t be assessed any fees for the search if you decide to move forward.
Upon acceptance and final approval of the loan application by the lender, you will receive the loan proceeds within one business day. However, you may qualify for same-day funding if you’re a well-qualified borrower. If you decide to pay off the loan before the repayment period ends, you will not be assessed early repayment fees and penalties.
- Loan Center Title Loans
Loan Center is a direct lender that offers car title loans ranging from $2,000 to $50,000. Interest rates are between 35.50 and 199.99 percent. The rate you receive will depend on the loan term and vehicle, along with your credit rating and state of residence. The lower the amount owed on the vehicle, the better since the equity plays a major role in how much you may qualify for.
You can apply in just a few minutes by completing the form on the website. When the lender is in receipt of your application, a loan officer will reach out to discuss your eligibility. You also have the option to apply via phone by calling (866) 553-3840.
If approved, all you have to do is submit the requested documentation, complete loan paperwork, and the funds will be deposited into your account within one business day. There are no prepayment penalties, and the car remains in your possession until the loan is paid off.
It’s also important to note that title loans are only available in Arizona, California, Georgia, Idaho, Missouri, New Mexico, South Carolina, and Utah.
- Finova Financial
Finova Financial is revolutionizing the FinTech industry with their Consumer Loan on Car (C LOC) offering. It allows borrowers to save up to 50 percent of the national average in costs. Loan amounts vary by your vehicle, and the APR caps out at 30 percent. Even better, you do not need good credit to qualify, but the vehicle must have a lien-free title.
You can get pre approved by completing the online form or calling 1 (844) 576-0862. If you’re a good fit, you will be prompted to login and complete your application. The amount you qualify for will be based on how much your vehicle’s worth and your monthly income. The latter is an indicator of how much you can afford to pay each month.
Once you submit the requested documentation and your application is processed, you can receive funding in as little as one business day. In some instances, you may qualify for same day funding, and you don’t have to visit a physical location to retrieve your funds.
The standard repayment period on C LOCs are 12 months, but it varies by market and you could qualify for an extended term. And should you decide to repay the loan early, there are no prepayment penalties.
They currently serve customers in Arizona, California, Florida, New Mexico, South Carolina and Tennessee.
Specializing in connecting consumers with direct lenders, CarTitleLoans123 makes it simple to get fast access to cash when you’re in a financial crunch. If your car is paid off and you have a verifiable, steady source of income, you may be able to take out a loan between $1,000 and $50,000. The loan amount will depend on your state of residence and ability to repay.
And if you have less than perfect credit, chances are you’ll still qualify as long as your income checks out and your car has a lien-free title. However, having an open bankruptcy could prevent you from accessing a loan.
To get started, complete the online form. You’ll need to enter your name, city, state, zip code, monthly income and answer a few key details about your vehicle. CarTitleLoans123 will analyze your information and provide you with a free quote from one of the direct lenders in their network. You should also know that they have geolocation technology that allows them to match you with a lender that’s near your area of residence.
If your application is approved, you’ll work with the lender to submit any requested documentation. The entire process should not exceed 30 minutes. And when the loan application is completely processed, you’ll have access to funds within 24 hours. Loan terms vary by lender, and there are no early repayment penalties.
CashAdvance.com is a lender referral network that caters to consumers with less than perfect credit. They connect consumers with lenders that provide unsecured short-term loans, so it is not necessary to use your vehicle as collateral.
You can retrieve quotes from their network of lenders by completing the online form or calling 1-800-380-2274. To qualify for a loan, you’ll need an after-tax monthly income of $1,000 or more, a valid checking account, home and work phone number and an email address.
You should also know that CashAdvance.com will not run your credit, but the lender you select may pull a copy of your report and score when processing your application. This is done to verify the information provided in your application and may not necessarily disqualify you from getting a loan. However, being a part of active bankruptcy proceedings could prevent you from taking out a loan with one of their lenders.
If you’re pre approved for a loan, one of the lenders in the network will reach out to you by phone or email. At that point, you have the option to approve or deny the loan offer at no cost to you.
Once your loan application has been processed, most lenders will deposit the funds into your bank account within one business day.
- 745 Cash
745-Cash makes it easy to get the cash you need by using your car as collateral. If you do not have a vehicle, a motorcycle, ATV, boat, RV or camper will suffice. You may be able to borrow anywhere from $100 to $25,000 if you have ownership of a vehicle or motorcycle with a lien-free title.
Loan proceeds can only be retrieved from a physical location, but you can apply online or by calling 901-745-2274. If you wish to apply online, select the store nearest you from their website. You’ll then be prompted to their landing page to submit a loan request.
To process your application, 745 cash will need a copy of your driver’s license, proof of SSN, a bank statement, a document to verify your address, and your title. You will also need to provide a copy of your last pay stub to show proof of income.
Repayment terms vary by lender, but the loan will be payable every 30 days. You’ll only be responsible for paying the interest in the first two months, then the amount will increase by 5 percent to cover the principal. If you wish to make higher payments to pay the loan off early, you will not be charged a prepayment penalty.
745-Cash currently serves customers in Memphis, Tennessee.
- MaxCash Title Loans
Accredited by Consumer Affairs, MaxCash is ranked as the top title loans referral service in the U.S.. To date, they’ve served over 350,000 consumers with past credit issues, including bankruptcy. While your vehicle doesn’t have to be paid off to qualify, a bulk of the loan should be paid as some lenders can only roll a small portion of remaining payments into the new loan.
By filling out a brief form on their website, you can retrieve a quote from a lender in the network that will best suit your needs. You’ll need to provide basic contact information, along with a few key details about your car as it plays an integral role in the amount you may qualify for. If you prefer to speak with a representative, they are also open seven days a week from 6 am until 9 pm to assist you with your loan application.
Should you choose to accept the offer, you’ll work directly with the lender to transmit any required documentation and complete the loan paperwork. Be prepared to provide a copy of your id, a lien-free title to your vehicle, pictures of your car, an insurance card and proof of your Social Security number.
Same day and one-business day funding options are available, and there are no prepayment penalties.
- American Auto Title Loan
American Auto Title Loan is a small, private direct lender that serves customers in North Carolina and South Carolina. If you have a lien-free title and steady source of income, you may qualify for a loan ranging from $601 to $10,000. Since your vehicle will be used as collateral, no credit check is required.
It only takes a few seconds to request a free quote online, and you’ll receive a response in one minute or less. Or you can call 1-844-834-5626 or visit a branch to get started.
But before applying, be prepared to provide a clear title, a copy of your photo id, insurance, registration, proof of income and a recent utility bill. You’ll need to submit this documentation to finalize the loan offer. Plus, it helps the lender gauge a realistic loan amount with payments you can actually afford.
If you decide to move forward with the loan offer, you’ll need to take your vehicle to a location to get appraised. Also, be sure to bring the documentation listed above to complete your loan application requirements. Upon approval, you’ll receive your cash in as little as one hour.
Loan repayment terms vary by customer, and the loan officer will work with you to come up with a payment plan that works for your financial situation and budget. There are no prepayment penalties should you decide to pay your loan off early.
Catering to California residents, California Title Loans is an online lender matching service that makes it easy to find a title loan that fits your needs. Loan amounts vary by lender and are typically determined by the condition of the applicant’s vehicle, amount of equity available and employment history. Those that have vehicles with lien-free titles are encouraged to apply, even if their credit is less than perfect. But keep in mind that past bankruptcy could prevent you from qualifying.
You can apply for a title loan by calling 213-867-4911 or submitting the online application. It takes around 15 minutes to complete the application, and you will be asked to submit a copy of your driver’s license, pink slip to finalize your loan, and proof of income.
Upon approval, loan proceeds are usually available within one business day. However, you’ll need to visit the lender’s physical location to have the car inspected before the loan can be approved and cash disbursed. The loan term and interest rate will also vary by lender and your financial situation, but there are no early payoff penalties.
With over 500 locations nationwide, CheckSmart offers title loans to customers in search of fast cash.
- Champion Title Loans
Champion Title Loans is a lead generation website that helps connects borrowers to lenders in their network to get the cash they need when in a financial bind. They also offer loans that are brokered by TMG Loan Processor as they are not a direct lender.
It only takes a minute or less to receive a quote. Even better, good credit is not required to be approved as the equity in your vehicle and ability to make timely loan payments are the primary factors considered when processing your application.
You can apply by sending a request online or calling 855-251-4006. If your application is approved and you decide to move forward with the loan, you should expect to receive your funds within one business day. Repayment periods span between 12 and 36 months and there is no early prepayment penalty.
- North Eastern Title Loan
Operating in 20 states, North Eastern Title Loans offers title loans in a jiffy. Simply bring your lien-free vehicle title and a copy of your photo id to one of their locations and you can walk away with the cash you need within 20 minutes. You can also get started by calling 1-877-511-2274 or requesting a quote online. But you’ll need to visit one of their offices to finalize the loan and retrieve your cash.
Loan amounts of up to $10,000 are available, but the amount you qualify for will depend on your ability to repay the loan and the equity in your vehicle. (Quick note: the loan limit in some states is lower than $10,000).
This lender offers same day title loans to consumers, regardless of credit history. You should also know that they received an A+ rating from the Better Business Bureau and have a customer retention rate of 30 percent.
It only takes a few minutes to complete the application process, and your vehicle does not need to be paid in full to qualify. And if you are approved for a loan, you could receive the proceeds in as little as a few hours. You can inquire about a loan by calling 1-866-505-0883.
- Today’s Financial Services
Today’s Financial Services is a direct lender specializing in auto title loan solutions in Florida. The loan amount will be determined by the value of your vehicle, and you could receive your cash in as little as 25 minutes via direct deposit or check.
To qualify for a loan, you must have a verifiable source of income and a vehicle that’s no more than 10 years old with under 170,000 miles. You can apply by submitting the online form or calling 1-888-573-0132.
Loans can be paid over a 12-month period, and you will not be charged a prepayment penalty if you pay your loan in full before the term ends. Interest will also be prorated should you exercise this option.
- Ace Cash Express Loans
Ace Cash Express offers title loans ranging from $100 to $5,000, depending on your state of residence. To qualify, you must have a steady source of income, a vehicle title that’s clear and free of any liens, and not currently be involved in bankruptcy proceedings.
You can apply by visiting an Ace Cash Express store. Upon approval, you will receive your cash on the spot. Repayment periods vary by loan amounts and location, and there are no early payoff penalties. Another perk is the 72-hour satisfaction guarantee that’s available should you decide an auto title loan from Ace Cash Express isn’t right for you.
They currently serve customers in Arizona, Louisiana, New Mexico, Ohio, Oregon, Tennessee,and Texas.
Serving customers in the state of California, QuickCashFunding is a direct lender specializing in auto title loans. Depending on the value of your vehicle, you may qualify for a loan between $2,600 and $50,000. However, your vehicle must have a wholesale value of $5,000 or more to be considered for a loan.
Most loan approvals take no more than 30 minutes, and you don’t need perfect credit to qualify. And unlike most title loan lenders, Quick Cash Funding does not mandate that your car is paid in full. Simply complete the application online, download a PDF version and fax it to one of their offices, or call 1-866-843-CASH or stop by to get the process started.
Once you receive the loan proceeds, your first loan payment will be due in 30 days. Repayment periods vary by the borrower, but there are no early repayment fees.
- BSL Financial
Established in 1999, BSL Financial prides itself on connecting consumers residing in California to licensed brokers to meet their title loan needs. BSL Financial offers loans from $2,525 to $25,000, and the amount you qualify for will depend on the income at your disposal to repay, along with the value of the car and the outstanding balance (if applicable).
To qualify, your vehicle must have at least $1,500 in equity, be registered in California, and not have a salvage title. Your monthly income must also be over $1,000, and you cannot be involved in any open bankruptcy proceedings. A credit check is also required, but it won’t necessarily prevent you from taking out a title loan.
You can apply by submitting the online form, visiting a location, or calling 1-888-711-0272. Upon completing your application, you may have access to funds in as little as one hour. All you have to do is visit one of their locations to provide the requested documentation or they will send a representative to you.
Spectrum Car Title Loans makes it easy to get short-term cash. All you have to do is complete the online application or call 800-935-2718 to determine if you qualify. As long as you have a steady source of income, a lien-free title, and aren’t currently involved in bankruptcy proceedings, you should be all set.
You’ll need a California Pink Slip (or car title), photo id, proof of address, and proof of income to apply. Loan amounts range from $2,500 to $20,000, and you can get pre-approved by filling out the online form or calling 1-800-935-2718.
If you pass the initial screening, you’ll receive a pre-approval on the spot. The next step is to meet with a loan officer, either in the office or at the location, of your choice to finalize the loan documents.This should only take about 15 minutes of your time.
Once that’s done, you’ll get a Bank of America check in hand. Repayment terms will vary by loan and you’ll need to remit monthly payments by check.
Although they do not offer title loans, LendToYou is a loan connecting service that gives you the option to secure a small installment loan for under $5,000 without using your vehicle as collateral. To qualify, you’ll need to provide proof of income of at least $1,000 per month and have a checking or savings account with direct deposit.
Your income serves as your security for repaying the loan, and the payment schedule will depend on the loan term and amount. A credit check may be required by the lender to confirm the information in your application.
Loans are typically funded in as little as one business day.
LoanAutoTitle.com allows you to borrow between $2,500 and $50,000, depending on the equity in your vehicle. They also evaluate your income during the application process to assess your ability to repay the loan.
Even if you don’t have perfect credit, you can still be approved for an auto title loan since it will be secured by the value of your ride. When you submit the pre-qualification form online or call 877-373-1022, you’ll generally receive a response within 15 minutes.
In most instances, you’ll receive the funds in your bank account the next day as they are transferred electronically. And to receive the funds even sooner, you have the option to register the lender as a lien holder.