We are an online company that offers fast and simple car title loans.
Highway Title Loans makes it easy to get cash for your car's title. To get started, complete our online application and answer a few questions about your vehicle and income history. Once approved, you can get the cash in one business day and keep driving your vehicle while the loan is repaid!
In most states, a store visit is not required, and you can often complete the application and underwriting process in under an hour. We'll work with you to get reasonable terms with a funding amount and interest rates that work for both parties.
How An Online Title Loan Works
How To Get Approved
Getting approved for auto title loans is easier than with other short term loans. Unlike a personal loan, bad credit isn't a significant issue when you apply with Highway Title Loans. While some lenders will look at your employment history and ability to repay a loan, they're more interested in your car's equity versus your recent credit history.
Payment terms and the APR for a title loan are primarily based on the value of your vehicle. You should have no problem qualifying for same day cash if you have a paid-off pink slip with enough equity in the car. Other documents, such as proof of income and up to date registration, will be required during the underwriting process. Ultimately, most companies that offer car title loans online will sign off on your loan if you own a paid off vehicle that's worth $5,000 or more!
Our Title Loan Service Areas Near You
Why You Should Get
An Online Title Loan
Car title loans aren't for everyone, but there may be some benefits when you apply online with Highway Title Loans. The most significant benefit of a title loan is that you can be quickly approved and receive your cash in a shorter amount of time than what's expected with a personal loan. The main requirement for a title loan is that you have a clean and clear car title. Compare that to other unsecured loans, which take days to get approved and require a good credit score. Here are some other reasons why secured loans can be a great option.
Fast Approval Time
No Penalty For Early Payment
Keep Driving Your Vehicle
Quick Vehicle Inspection
Bad Credit Or No Credit Is Ok
Cash Is Sent To Your Account
Easy To Understand Contract
Borrow Only What You Need
Interest Rates & Fees For Online Title Loans
Interest rates can be high with online title loans, but are they are often lower than those with payday loans and cash advances. Some states cap the loan amount and limit the APR. For example, California has a strict APR limit of 36% on secured loans under $10,000. Confirm the fees that come with your loan before you sign off on a contract. Also, make sure you can repay your loan at any time with no penalty assessed. Most secured lenders don't charge a prepayment penalty for early payment.Can I Get A Title Loan With Bad Credit
You can qualify for a secured loan using your vehicle's equity without needing a decent credit score. A personal or installment loan typically requires excellent credit, but a title loan is based on your vehicle's equity, not your credit report! That's how you can borrow more cash from a title lender near you versus a traditional lending offer. When you first apply for a Highway Title loan, there may be a quick check of your credit to verify your personal and lending information. Still, title loan lenders are far more interested in the vehicle value than your credit report.What Happens To My Car After I Get A Title Loan
Even though you hand over your vehicle's title as collateral, you can still drive your car while making the monthly payments. It wouldn't make sense for you or a lender to take your car and limit your ability to go to work and earn a living! Remember that there are still severe repercussions if you stop paying your car title loan or default on the payments. You keep the vehicle during the life of the loan, but once you fall behind on monthly payments, you run the risk of late fees and, ultimately, a repossession of your car.How Much Money Can I Borrow With A 24 Hour Title Loan
Your loan amount is almost entirely dependent on the equity available from your vehicle. The more your car is worth, the more cash you can borrow with a title loan online. Funding amounts range from $2,500 to $20,000 in many states, with higher amounts available for 2018 or newer vehicles with low mileage. Other factors such as income and recent credit history may also affect the loan amount.How Much Does An Online Car Title Loan Cost
No reputable title loan company will charge an application fee. Any company that requires payment up front is not a company to work with. Title loans are similar to payday loans, as the APR is higher than what's typical from a bank or credit union. It isn't easy to find the exact cost associated with an instant auto title loan online, but you can request an upfront estimate or determine the amount when you review the contract.Are Online Title Loans Available In All States
Car title loans are secured loans and fall under many of the same rules and regulations as payday and installment loan companies that offer unsecured loans. Lenders are regulated at the state level, and these laws often change. Some states allow equity loans, while others don't allow you to use your vehicle as collateral for a loan. Check with your state regulator before you take out a loan, and stay updated on current title loan lending laws.Once Approved, How Long To Get My Money
Each online lender is different in how it gets you the loan proceeds, but for the most part, you can expect cash in hand within one or two business days. All companies differ in how they handle their payout policies, and some online title loan providers can fund your loan within one business day if you choose to meet with them at a local office. Most companies can send the funds by ACH, and others can send the money through bank wire or other overnight services.How Is A Title Loan Different From Other Unsecured Loans
With online title loans, you use your vehicle's equity as collateral for a loan. With unsecured loans, there's no security backing the amount you borrow, and the lender trusts that you can make the payments on time. Also, you can borrow more with a title loan that's backed by vehicle equity.