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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Title loans are legal in Tennessee and are regulated under the Tennessee Title Pledge Act, T.C.A. Title 45, Chapter 15. Lenders are licensed by the Tennessee Department of Financial Institutions, and you keep driving your car while the loan is outstanding.
Tennessee caps a title pledge at $2,500 per vehicle title. What you are offered inside that ceiling depends on your vehicle's value and on your ability to repay.
The price is set in two pieces, and both are charged monthly: 2% interest plus a fee of up to 20% of the loan amount. Taken together those reach 264% APR, which is the statutory maximum rather than a quote. Both pieces are calculated on your original loan amount, not on the balance you have left, so the monthly charge does not fall as you pay down.
A pledge runs 30 days at a time. Tennessee places no limit on how many times you renew, but from the third renewal onward you must pay at least 5% of the original principal along with that period's interest and fees, so the balance has to start moving.
2017 Toyota Highlander | 2023 Nissan Frontier | |
| Loan Term | 24 month | 36 month |
| Estimated Vehicle Value | $0 | $0 |
| Loan Amount | $5165 | $5179 |
| Processing Fee | $75 | $75 |
| Lien Recording Fee | $15 | $15 |
| Monthly Payment | $374.31 | $312.99 |
| Monthly Interest | 5.00 | 5.00 |
| APR | 60.00% | 60.00% |
*All our repayment plans are without any hidden fees or prepayment penalties.
| Rule | What Tennessee Allows |
|---|---|
| Legal structure | A title pledge under the Tennessee Title Pledge Act, made by a lender licensed with the Department of Financial Institutions (T.C.A. Title 45, Ch. 15) |
| Interest | 2% per month on the original principal (§ 45-15-111) |
| Additional fee | Up to 20% of the original loan amount per month, charged separately from interest (§ 45-15-111) |
| All-in maximum | 264% APR once both the interest and the fee are counted |
| Amount | Up to $2,500 against one vehicle title |
| Term | 30 days, renewable |
| Renewals | No cap on the number, but from the third renewal you must pay at least 5% of the original principal plus that period's interest and fees |
| Cancelling | You may cancel by the close of the next business day for a full refund, with no fee |
| Repossession | Permitted on default, and the lender must notify local authorities (§ 55-5-128) |
| Redemption | 20 days after repossession to reclaim the vehicle by paying what is owed — no extra interest or fees may accrue during that period |
| Repossession costs | Limited to the actual costs the lender was charged |
Tennessee's charges are figured on the amount you originally borrowed rather than on your declining balance, so each 30-day period costs the same. Interest works out to $20 per $1,000 and the fee to $200 per $1,000.
The table shows a single 30-day term at the statutory maximum. It is a ceiling, not a quote — your own agreement governs.
| You Borrow | Term | Interest + Fee | Total You Repay |
|---|---|---|---|
| $500 | 30 days | $110 | $610 |
| $1,000 | 30 days | $220 | $1,220 |
| $2,500 | 30 days | $550 | $3,050 |
Your lender must hold a current licence with the Tennessee Department of Financial Institutions. A pledge made without one is void, so it is worth checking before you sign.
Before you sign, the lender has to put the loan amount, the interest, the fees, the payment terms and the total due in writing, and disclose the annual percentage rate, the monthly rate of interest and the original principal balance.
You can walk away: cancelling by the close of the next business day gets you a full refund with no fee. If the car is later repossessed, you have 20 days to redeem it, nothing further may be added to what you owe during that window, and any repossession costs passed on to you are limited to what the lender actually paid. Tennessee does not permit criminal prosecution over an unpaid title pledge.
Before you sign, be clear on the payment, the number of payments, and the total you will have paid when the schedule ends. The figures in your own agreement are the ones that count, not the examples on any website — ours included.
A title loan is one way to cover a shortfall, and it is worth putting it next to a few alternatives before you commit your car's title. A credit union small-dollar loan, a payment plan negotiated directly with the biller, a paycheck advance from your employer, or help from a local assistance programme will often cost less. If none of those work, borrow the smallest amount that solves the problem and pay it off as quickly as your budget allows.
Keep your vehicle in the picture too. The title is the security, so a loan you cannot repay puts the car you rely on at risk — and in most cases that car is worth considerably more than the loan.
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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