Online Car Title Loans In Iowa

At Highway Title Loans, we know it can be stressful trying to find a lender that offers bad credit loans with a fast funding process. Because of that, we've made it easier than ever to get instant online title loans in Iowa. Qualified borrowers can often be approved and funded in less than one business day!

A title loan uses the equity from a car, truck, or motorcycle as collateral. You don't need good credit to get approved, and most lenders let you drive the vehicle while the payments are being made.


Vehicle Title Loan Lending Requirements In Iowa

As with most secured loan offers, the requirements start with a car title that's not only in your name but also clear of other loans and liens. The pink slip must be in your possession, as it will be given to the lender before the loan is finalized. We also need proof of employment or pay stubs showing you make enough monthly money to afford the loan payments. Some companies allow income verification through social security or disability payments, which often results in lower funding.


Other requirements for auto title loans in Iowa might include:

- A vehicle with 100k miles or less. Some older classic cars can also qualify if they have sufficient value.

- Proof of residency within Iowa (utility bill, lease agreement).

- Proof of insurance on the vehicle and proof that the vehicle is currently registered in Iowa.

- Proof the vehicle exists. Your lender will likely schedule a vehicle inspection. This can be done at locations in Des Moines, Cedar Rapids, Davenport and other larger cities. The inspections take about an hour; after that, you can sign the loan docs.


Loan Amounts And Interest Charges For Iowa Title Loans

The interest rates and monthly payments for a title loan in Iowa typically depend on the loan amount and the repayment period. Funding amounts average $2,000 as of 2024, with payoff terms lasting between 12 and 48 months. Some lenders may offer more extended repayment periods for loans over $10,000.  The APR for title loans can sometimes be over 60%, but this can vary depending on the lender and how much equity you have in your vehicle.


801 Grand Building in Des Moines IA.


Title Loan Offers In Iowa For People With Bad Credit

Highway Title Loans doesn't require a credit check as part of our underwriting process because your car's equity secures the loan. We understand that bad things happen to good people, and sometimes, that includes financial hardships that cause credit issues. The bottom line is that auto title loans are possible even if you have bad credit or don't have a recent credit history!

Let your loan agent know beforehand if you have any past vehicle repossessions or if you defaulted on any recently secured loans. Even though you don't need good credit, all applicants must meet some minimum credit requirements, including not being a part of current bankruptcy proceedings or having another title loan.


Applying Online With Highway Title Loans

Feel free to apply online with Highway Title Loans, or if you prefer working with a local finance company, that's no problem. Bring all your documents and paperwork with you when you apply, or you can start on the application online and finish everything directly in person.

Another consideration is that many title loan providers in Iowa will want to inspect your car before signing off on a funding amount. This entails a quick inspection of the vehicle's inside and outside to ensure the car is in working order and lines up with the expected resale value of similar vehicles sold in Iowa. There are a few ways to avoid an in person vehicle inspection, but it typically requires bringing in additional paperwork or documentation about the car.

Call Highway Title Loans at 877-433-5454 to apply for a title loan. We can often get you a lending estimate and repayment quote in less than an hour!