Need fast cash using your vehicle? A title loan calculator can help you estimate monthly payments, interest, and the total cost of a title loan before you apply. Whether you’re considering a new loan or refinancing an existing one, TFC Title Loans makes it easy to compare offers and find a loan that fits your budget.
All of our referral lenders comply with all of the state and federal regulations, so you know you will be working with a trusted lender.
What Is a Title Loan?
A title equity loan is a short-term, secured loan that uses your vehicle’s title as collateral. You must own your vehicle outright, and the lender places a lien on the title. You can continue driving your car while repaying the loan, but if payments are missed, the vehicle may be repossessed.
Title loans are ideal for covering emergencies, unexpected bills, or short-term cash needs, especially for borrowers with limited or poor credit history.
Benefits of Using a Title Loan Calculator
A title loan calculator is an essential tool for understanding the true cost of borrowing. Using a calculator allows you to:
- Estimate loan costs: See your total interest, fees, and monthly payments.
- Compare lenders: Evaluate multiple title loan offers to get the best terms.
- Plan your budget: Make sure your loan fits comfortably within your finances.
- Save time: Quickly determine if a loan meets your needs without applying blindly.
How to Use a Title Loan Calculator
Using the calculator is simple:
- Enter the loan amount: The amount you want to borrow based on your vehicle’s value.
- Select the loan term: Typically 1–36 months. Longer terms lower monthly payments but increase overall interest.
- Input the interest rate: APRs often start around 36%, depending on the lender and state.
- Calculate your results: See estimated monthly payments, total interest, and total loan cost.
Tip: Try different loan amounts and terms to find a payment plan that works best for you.
Title Loan Refinancing Calculator
If you already have a title loan, a refinancing calculator can help you explore options for lowering your interest rate, reducing monthly payments, or extending the repayment term. Refinancing can help:
- Save money on interest
- Improve cash flow with smaller monthly payments
- Consolidate multiple loans into a single, manageable payment
TFC Title Loans works with licensed lenders who offer refinancing options, making it easy to find a better deal for your current loan.
Types of Title Loans Available
TFC Title Loans helps borrowers explore a variety of title loan options, including:
- Car Title Loans: Use your paid-off car, SUV, or sedan as collateral.
- Motorcycle Title Loans: Ideal for motorcycles or scooters.
- Truck & Commercial Vehicle Title Loans: For work trucks, box trucks, or small business vehicles.
- RV and Recreational Vehicle Title Loans: Borrow against higher-value motorhomes, campers, or trailers.
- Installment Title Loans: Repay over time with manageable monthly payments.
- Same-Day Online Title Loans: Receive funds quickly, often within 24 hours.
- Refinance Title Loans: Reduce interest rates, monthly payments, or extend terms.
Why Use TFC Title Loans
TFC Title Loans is a trusted nationwide title loan broker since 1994, helping borrowers:
- Compare offers from licensed lenders
- Access transparent loan terms and fees
- Get flexible repayment options
- Avoid prepayment penalties
With our Title Loan Calculator, you can see what your monthly payments will be before applying.
Online Title Loan Tips
Before applying:
- Review interest rates and fees carefully
- Compare multiple lender offers
- Choose a repayment plan that fits your budget
- Avoid overborrowing
Remember: Missing payments can result in vehicle repossession.
Frequently Asked Questions
You can find other questions and answers to common title loan questions, on our FAQ page.
1. Can I get a title loan with bad credit?
Yes. Title loans are secured by your vehicle, so credit scores are not the primary factor in approval.
2. How much can I borrow?
Loan amounts depend on your vehicle’s value and available equity. Many lenders allow up to 80% of the wholesale value.
3. Can I refinance my existing title loan?
Yes. Refinancing can lower monthly payments, reduce interest, or extend your loan term.
4. How fast can I get funds?
Online title loans can be approved quickly, with funds often available within 24 hours.
5. Are online title loans legal?
Yes, in many states. TFC Title Loans only works with licensed lenders who comply with federal and state regulations.
Get Started With Our Title Loan Calculator
Use the TFC Title Loans calculator today to:
- Estimate your monthly payments
- Compare loan offers
- Explore refinancing options
- Find a title loan that fits your budget
Other Title Loan Resources
How are title loans calculated?
Can you get a title loan out of state?
