Car Title Loans

Borrowing with Your Vehicle Title

If you own your vehicle free and clear and you need cash right away, an online car title loan can put money in your bank account in as little as one business day. You hand over a lien on your vehicle title as collateral and keep driving as long as you make each payment on time. 

How a Car Title Loan Works

A car title loan is a short-term, secured loan. The lender places a temporary lien on your clean vehicle title and advances a percentage of your car’s wholesale value—normally 25 % to 50 %, but some states cap the amount lower. 

You repay the loan, plus interest and fees, in a lump sum or in monthly installments, depending on state law and the lender’s program. Once the balance is paid in full, the lien is released, and your title is mailed back to you.

Can You Still Drive Your Car?

Yes. The lender only holds the title, not the vehicle. Keep in mind that if you default, the lender can repossess the car, sell it, and apply the proceeds to your balance. Always borrow the smallest amount you need and be certain you can meet the payment schedule.

Typical Terms and Costs

Feature	Typical Range*	Example (Texas)
Loan Amount	$300 – $25,000	$4,000 on a truck valued at $9,000
Loan-to-Value (LTV)	25 % – 50 %	44 % LTV
Repayment Term	15 days – 12 months	8-month installment plan
Monthly Interest	10 % – 25 %	15 % per month
APR	120 % – 300 %+	180 % APR
Total Cost	Varies by lender & state	You borrow $4,000 and pay back roughly $6,400 over 8 months

*Exact figures depend on state regulations, your vehicle’s value, and the individual lender’s pricing.

Suppose you borrow $1,500 for 30 days at 20 % monthly interest. You will owe:

• Principal: $1,500
• Interest (20 %): $300
• Total Payment Due in 30 Days: $1,800

If you roll the loan over for another month, you pay another $300 interest, and the cost keeps climbing. That is why title loans should only bridge short-term gaps.

Eligibility Requirements

Lenders in our network usually look for the following factors:

• You are at least 18 years old and a U.S. resident.
• You hold the sole lien-free title to a car, motorcycle, or truck.
• You can prove a steady income (pay stubs, bank deposits, benefits, or self-employment receipts).
• The vehicle is fully insured and registered in your name.
• You provide a government-issued photo ID and, if requested, additional documents such as proof of residence.

Credit score is not a primary factor because the car secures the loan. Most lenders perform only a soft credit inquiry for identity verification; a hard pull may occur if you accept an offer. Title loans are regulated state-by-state. They are banned or heavily restricted in states such as New York, Pennsylvania, and Massachusetts.

Alternatives If You Do Not Qualify or Want to Avoid Collateral

Some states either prohibit title lending or cap the amount so low that it may not fit your needs. In those situations, 24CashFast can help by matching you with other lending options through our single application system that connects you to multiple lenders at once.

• Payday loans: Small loans, usually up to $1,500, due in a lump sum on your next payday. APRs often exceed 300 %. Best for emergencies under two weeks.
• Installment loans: Unsecured personal loans up to $10,000 repaid over 3 to 24 months. APRs are typically lower than payday loans but higher than bank personal loans. Better for expenses that require a longer payoff period.

How to Apply Through 24CashFast

1. Complete our secure online form (about five minutes). We ask for basic personal data, employment details, and income information.

2. Our platform instantly checks your state's rules and sends your request to multiple licensed payday and installment lenders.

3. Within seconds to minutes you see preliminary offers on your screen. Review loan amounts, rates, and repayment terms.

4. Select the offer you like best, upload any additional documents the lender requests, and e-sign the agreement.

5. Receive funds by ACH deposit, usually the same day or the next business day.

More Offers, Better Odds: How Our Process Helps You

Different lenders have different rules for who they approve and what rates they offer. When you apply through us, your information goes to many lenders at the same time, so you get to see several loan options without having to fill out tons of forms. You can look at all the different rates and terms together to find the best deal.

This also gives you a better chance of getting approved because if one lender says no, others might say yes. It saves you a lot of time, too—instead of spending all day calling different lenders or going to their offices, you just fill out one quick form with us. Plus, each lender has to tell you exactly what the loan will cost upfront, so there are no surprises later.