Swift Title Loan
Sign up by noon, get cash today!
Bad credit & past bankruptcies? All welcome to apply!
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Easily apply online
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Get cash and keep your car
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Repay loan and get title back
Swift Title Loan
Sign up by noon, get cash today!
Bad credit & past bankruptcies? All welcome to apply!
Easily apply online
Get cash and keep your car
Repay loan and get title back
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Michigan title loans are licensed installment loans with fixed monthly payments and an interest rate capped at 25% a year.
There is no state loan limit, so the amount you qualify for depends on your vehicle's value and your ability to repay.
For example, a $1,000 loan over 12 months costs about $95 a month, or roughly $1,141 in total.
You keep driving your vehicle while you repay. Borrow only what you need so the monthly payments stay comfortable for your budget.
Michigan does not have a dedicated title loan statute. Instead, a loan secured by your vehicle must follow the state's general lending rules, which cap the rate and require a license. Here is what that means.
| Rule | What Michigan Allows |
|---|---|
| Interest cap | 25% a year on a vehicle-secured consumer loan |
| High-rate title loans | Not legal. Charging above the cap can be criminal usury |
| License | Required, through the Department of Insurance and Financial Services (DIFS) |
| Processing fee | A limited loan processing fee is allowed, capped by DIFS |
| Loan amount and term | Set by the lender within the rate cap; no fixed state minimum or maximum |
| After repossession | Sale follows state law; any surplus is returned to you |
| Regulated by | Michigan Department of Insurance and Financial Services (DIFS) |
Because Michigan caps the rate at 25% a year, the cost is far lower than in states that set no limit at all. The examples below use the 25% cap on a 12-month installment loan. A lender may also add a limited processing fee.
| You Borrow | Term | APR | Monthly Payment | Total to Repay |
|---|---|---|---|---|
| $1,000 | 12 months | 25% | ~$95 | ~$1,141 |
| $2,000 | 12 months | 25% | ~$190 | ~$2,281 |
| $3,500 | 12 months | 25% | ~$333 | ~$3,994 |
Your exact rate, fee, and payment depend on your lender and contract, so read it closely before you sign.
Governing law: Michigan's Credit Reform Act rate cap, enforced by the Department of Insurance and Financial Services.
Before you sign, make sure you understand the full cost: the monthly payment, the total you will repay, and any fees. Confirm the exact numbers in your own contract.
It is worth comparing a few options before you borrow against your title, then choosing the one that fits your situation.
Michigan credit unions such as Consumers Credit Union and Genisys Credit Union offer small personal and payday-alternative loans, and they consider members with limited credit.
You can also ask a creditor for a payment plan, or get free guidance from a nonprofit counselor through the National Foundation for Credit Counseling.
Quick answers to help you feel confident about title loans.
Title loans made simple.
Get a free quote online in 7 minutes,* or visit a location near you. Same-day funds available.*
207 E Canal St #7, Mulberry, FL 33860 | (863) 591-5449
Approval for any loan product from Swift Title Loans is based on our internal underwriting standards. Rates, terms, and the types of loans available to you depend on the laws of your state and your individual financial situation. Not every person who applies will be approved, and the amount you qualify for may be less than the maximum we offer. All products are governed by their respective terms and conditions. Title loans and related products are built for short-term financial relief. They are not designed to serve as ongoing credit facilities. If you find yourself in a cycle of borrowing, please reach out to a credit counseling professional for guidance. Online applicants should be aware that verification of submitted details may be necessary, which could delay funding by up to two business days after final approval.
Your FICO® Score is not affected when you submit a loan request to Swift Title Loans. We may check your background through a non-traditional consumer reporting agency. That check could show up on your record with the agency in question, but it has no impact on your FICO® Score.
USA PATRIOT ACT ACCOUNT OPENING NOTICE: Federal law mandates that financial institutions obtain, verify, and maintain a record of the information used to identify anyone who opens an account. During this process, you will be asked for your name, address, date of birth, and other identifying information. A driver's license or other form of government-issued ID may also be required.
*Completing the online request may take about seven minutes. Funding is subject to approval, document review, and receipt of all required signed documents submitted before noon local time on a business day.
^About “no store visit” and “no inspection”: These terms mean no in-person store visit or walk-around vehicle inspection at a branch. Applicants are still required to submit photos and/or videos of the vehicle, including all four exterior sides, interior front and back, odometer, and VIN. Some states may require an in-person visit by law for title verification, and we may require an in-person inspection if vehicle condition cannot be fully assessed from photos or videos. Loan availability, terms, and approval depend on state law and individual qualifications.
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