Swift Title Loan
Sign up by noon, get cash today!
Bad credit & past bankruptcies? All welcome!
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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!
Easily apply online
Get cash and keep your car
Repay loan and get title back
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A Michigan title loan lets you borrow money using your vehicle as collateral while continuing to drive it.
Michigan law limits interest rates on vehicle-secured consumer loans to 25% per year. As a result, the very high-rate title loans common in some states are not legal here. Any lender offering a title loan in Michigan must be licensed by the Department of Insurance and Financial Services.
While Michigan's rate cap helps keep title loan costs lower, a title loan is still a financial commitment because your vehicle secures the loan. Before borrowing, consider lower-cost alternatives and borrow only what you need.
With Swift Title Loans, you can receive a free, no-obligation estimate online. If you decide to move forward, you can verify your vehicle by uploading photos instead of attending an in-person inspection, making the process faster and more convenient.^
Apply from anywhere. No need to drive to a location or wait in line. Complete everything from your phone.
Skip the hassle of bringing your car somewhere. Just upload photos of your vehicle from your phone. That's it.
Past bankruptcy or low credit score? No problem. Your car's value matters more than your credit history.
Apply in 7 minutes.* Get cash as fast as the same business day when you apply before noon.*
Swift Title Loans is 100% free to use. Get a quote, compare offers, and decide what works for you.
Getting the cash you need is quick and simple with our title loan process
Complete a simple form from your phone or computer. No store visit, no appointment needed.^ 7 minutes for pre-approval.*
Upload photos of your car (all 4 sides, odometer, VIN, interior), ID, title, and proof of income. No physical inspection required.^
Receive a loan estimate based on your car's value and your ability to repay. No obligation.
Once approved, funds are deposited directly to your bank account. Keep driving your car while you repay. Same-day funding available.*
We specialize in fully online title loans, so Michigan drivers handle every step from a phone or laptop. There is no store visit, and no physical inspection.^ Instead of bringing your car in, you upload photos for a virtual inspection, and you keep driving it while you repay.
Same-day funding is possible, but it depends on timing. If you apply before noon, send every document we ask for, and get approved that morning, qualified borrowers can be funded the same day, usually by direct deposit.* If we need more time to verify your details, funding can move to the next business day.
You repay online in fixed monthly installments, and there is no penalty for paying early.
Michigan uses an Electronic Lien and Title system through the Secretary of State, so we never hold a paper title. While you repay, the lien sits electronically on your record with the Michigan Department of State.
When your loan is paid in full, we release the lien electronically. Michigan law requires a lender to release a paid-off lien within 14 days, and once all liens are cleared the Secretary of State prints and mails your paper title.
The Electronic Lien and Title network itself is fast; once the Secretary of State receives the release, it can be cleared within 24 to 48 hours.
Why the full timeline can take a few weeks: most of the wait is the payment hold, not the electronic system.
Many lenders hold off 7 to 10 days after a final payment to confirm it has fully cleared and will not be reversed before releasing the lien. In our experience, we release as soon as your final payment clears, so you are not left waiting longer than necessary.
You can review the steps and confirm your title status through the Michigan Secretary of State.
These examples show typical loan amounts and costs received by other borrowers. Your loan amount, terms, and costs may vary based on your vehicle, income, and underwriting review.
2013 Ford F-150 | 2022 Kia Forte | 2020 Jeep Compass | |
| Estimated Vehicle Value | $8,725 | $14,150 | $16,600 |
| Loan Amount | $1,890 | $3,307 | $4,000 |
| Loan-to-Value | 22% | 23% | 24% |
| Term | 12 monthly payments | 12 monthly payments | 12 monthly payments |
| APR | 25% | 25% | 25% |
| Monthly Payment | ~$180 | ~$314 | ~$380 |
| Total to Repay | ~$2,156 | ~$3,772 | ~$4,562 |
Real Swift Title Loans vehicles funded in Michigan, shown at the state's 25% rate cap on a 12-month installment. These are estimates, not a quote.
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.
Michigan's 25% rate cap keeps title loans here well below the cost in states with no cap, but a title loan is still a serious commitment because your car is the collateral, so borrow only what you need and make sure you can repay it on time.
Before you sign, review your full cost: the rate, any processing fee, the payment schedule, and the total due. Always confirm the exact numbers in your own contract.
There is no prepayment penalty, so paying off early lowers what you pay.
You can verify any Michigan lender through the DIFS licensee search before you borrow.
A few options can cost less than a title loan, especially with poor or no credit.
Many Michigan credit unions offer small personal loans or auto refinancing at a lower cost, and they consider members with thin credit. Examples include Lake Michigan Credit Union and MSU Federal Credit Union.
It is also worth asking a creditor for a payment plan or speaking with a nonprofit counselor through the National Foundation for Credit Counseling before you put your car on the line.
Quick answers to help you feel confident about title loans.
Title Loans. No Inspection.
Get a free quote in 7 minutes.* No store visit required.^ 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.
If you use a screen reader or experience any accessibility issues with this website, call (863) 591-5449 and we will provide the assistance you need.