Process of Title Loan

The maximum amount of the loan is determined by the collateral. Typical lenders will offer up to 50% of the car's resale value, though some will go higher. The borrower must hold clear title to the car; this means that the car must be paid in full with no liens or current financing. Depending on the state where the lender is located, interest rates typically range from 36% to as high as 651.79% (

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