Need Cash Now?
Get Approved
In Minutes!


Get A Car Title Loan From $2,510 to $50,000* And Receive Approval In Minutes. No Credit? Bad Credit? No Problem. Get Same Day Cash And Keep Driving Your Car. Fast, Convenient, No Hassle Process. Apply Now and Find Out How Much Money Your Car Qualifies For!


How Much Cash Can i Get?

Title Loans FAQ

Taking out a loan of any kind is a big decision.

That’s why we want to make sure you have all your questions answered before you apply for a title loan with us.

While you are always more than welcome to contact us, the following title loans FAQ will address the questions we’ve heard the most over the years.

What Documents Do I Need to Apply for a Title Loan?

Applying for a car title loan is easy. The only documentation we require from you is:

  • Government-Issued ID
  • Proof of Income
  • Proof of Insurance
  • Proof of Residency
  • Vehicle Registration

We also require four references, one of which must be a family member.

Please submit six pictures of your vehicle, too.

What If I Don’t Have Proof of Income?

You don’t need to be employed in order to apply for a car title loan. All you have to show is that you have some source of income that can be used in order to repay it.

Some examples that would suffice for proof of income include:

  • Disability
  • Pension
  • Retirement Account
  • Social Security
  • Unemployment Benefits

Does My Car Need to Be Paid Off?

No. We can provide title loans to borrowers who still have a few payments left. As long as you have sufficient equity in the vehicle and can provide us with proof that you’re able to afford a new loan, we may be able to pay off your current one and issue you a new loan for the amount you need.

Is There a Minimum Amount My Car Must Be Worth?

Yes. Your vehicle must be worth at least $2,000 to qualify as collateral for a title loan.

However, your vehicle doesn’t have to be a certain year to qualify. As long as it meets the minimum value threshold, it can be an older, classic, or vintage car.

How Much Money Can I Get with a Car Title Loan?

The amount of money you can receive through a car title loan depends on the value of your vehicle and how much equity you have in it. The more it’s worth according to Kelley Blue Book, the more you can borrow. We also look at your ability to repay the loan.

At TFC Loans, we can offer you anywhere between $2,600 and $50,000, depending on which state you live in.

Generally speaking, you can borrow up to 50% of your vehicle’s wholesale value. By the time you fill out your title loan application, the maximum loan amount will be finalized, so you’ll know how much you’re eligible for beforehand.  

How Long Does It Take to Get a Car Title Loan?

We know that you’re anxious to receive your car title loan as a sizable financial obligation may be pending. That’s why we’ve designed our title loan process to be as simple as possible, so you aren’t waiting long to get the money you need.

In fact, if you have the aforementioned documents ready, the approval process can take just 30 minutes.

So even though you can receive sufficiently more with a car title loan, the entire process doesn’t take much longer than it would to get a payday loan. Usually, the entire title loan process only takes 24 hours.

Again, the timeline depends a lot on how quickly you’re able to submit the documents to us. Once you do that, we guarantee to keep the loan application process as short as possible.

Can I Still Use My Car if I Have a Car Title Loan?


Once you’ve been approved at the end of the title loan process, you can drive away with your vehicle and continue using it throughout the repayment period. Your daily routine never needs to be interrupted and no one needs to know you’ve taken out a loan.

What If I Have Bad Credit?

Although we will do a credit check, these loans work based on the value of your vehicle more than anything. The credit check is to ensure that a pending bankruptcy or some other financial burden wouldn’t keep you from repaying the loan.

If you’re unsure about what a credit score is, our customer service team will explain it to you during the title loan process.

Will a Car Title Loan Affect My Credit?

As long as you make your payments by the monthly due date outlined in the terms and conditions for your car title loan and repay the entire thing on time, it won’t have any effect on your credit score.

If you do miss any payments, then your credit score will most likely decrease just as it would for any other infraction regarding missed loan payments.

How Long is the Repayment Period for a Title Loan?

The repayment period will depend on the unique terms and conditions you agree on for your car title loan. We offer repayment periods of between 24 and 36 months.

This is generally plenty of time for the long-term financial solution a lot of our customers need. In this way, our title loans act much more like traditional installment loans.

That said, you are more than welcome to pay back your loan early. We don’t issue prepayment penalties.

How Do I Make My Car Title Loan Payments?

We strive to make it as easy as possible to make your car title loan payments by the due date every month.

Therefore, we offer the following options for sending in your payments:

  • Online single or automatic payments through ACH
  • Send your check in through the mail
  • Make your payment over the phone by giving your card information to one of our loan agents
  • Pay in person (check our store locator for options) with cash, card, or check
  • Pay with MoneyGram, either online or at one of their locations (MoneyGram charges a $9.95 fee for each transaction with a $600 limit for any transaction)
  • Pay via Western Union

Can I Have Two Car Title Loans at Once?

You can have two car title loans at the same time, but they must be for two different vehicles. You cannot take out two title loans on the same car at the same time.

What Kinds of Interest Rates Do Car Title Loans Have?

As with the total amount you can borrow, the interest rates you’ll need to pay on your loan depend on the state.

Here are the interest rates charged in the three stats where TFC operates:


In Arizona, maximum interest rates are set based on the total amount being borrowed:

  • $500 or less: no more than 17% a month
  • $501 to $2,500: no more than 15% a month
  • $2,501 to $4,999: no more than 13% a month
  • $5,000 or more: no more than 10% a month


For loans of less than $2,500, interest rates cannot exceed 30%.

There is no cap for loans above $2,500.

New Mexico

There are no laws regarding interest rates that can be charged on car title loans. It doesn’t matter how much it’s for.

What Is a Title Loan Buyout?

A total loan buyout is the same as refinancing. In short, it occurs when a lender pays what’s left of the balance on a pre-existing title loan and provides a new loan with different terms and conditions.

If you are having trouble keeping up with your current car title loan, refinancing this way if often the best option.

How Do I Get My Car Title Back Once I’ve Repaid the Loan?

Once you’ve repaid the amount you owe on your car title loan, you can request to have the lender’s lien removed from your title. At this time, you may also request to have your title returned.

After that, take the title to the DMV and complete the forms they give you to acquire a clean title. They will send you new title that’s clean of any liens.

Why Should I Choose TFC Loans?

If you need a car title loan, TFC Loans can offer you a number of unique benefits.

For one thing, we have been offering these loans since 1994. This experience gives our team a valuable advantage when it comes to offering customers the best terms and conditions based on their specific needs.

Our extensive network allows us to offer auto title loans without the lengthy approval process that are sometimes required when people borrow money.

We don’t assess prepayment penalties or include hidden terms in our loans.

At TFC Loans, we also use a sliding interest scale. So, if you’re worried that car title loans come with higher interest rates, it won’t be a problem when you apply with us.

Compared with other car title loan providers, our repayment schedules are generally much longer. You can easily take two or three years to pay back your loan.

Please Contact Us with Any Questions You Have

We hope this title loans FAQ has proven helpful.

However, if you still have any questions about how a title loan works, please feel free to contact us today.  


Title Loans & Pawn Benefits
  • Same Day Cash
  • Quick Approval
  • All Credit Accepted
  • Keep Driving Your Vehicle
  • Competitive Rates

© TFC Title Loans
All Rights Reserved

Follow Us

Lenders Law Licence Number by DBO 6038192