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Title Loans in California

Expenses happen, whether we’re prepared for them or not. Swift Title Loans offers financial support to those who need help getting back on their feet. Get pre-approved for cash in a few minutes with our easy online application. You may even get your funds on the same business day.

We make it easy to borrow between $500 and $50,000, or 25-50% of your car’s value, even if you have poor credit history. Apply for an online title loan in California and get approved in as little as 24 hours.

Key Takeaways

  1. A vehicle title loan is a short-term loan that uses your car title as collateral.
  2. Car title loans are legal in California but have interest rates of up to 300% APR.
  3. Apply online with our platform, and you may get funds on the same business day.
  4. Title loan amounts depend on your car's value and loan repayment capability.
  5. You can still obtain a title loan with us even if you have poor credit.

What Is A Title Loan?

A car title loan, or auto title loan, is a short-term borrowing agreement that uses your vehicle’s title as collateral. You give the lender your title until you’ve repaid the loan – in return, you receive the loan amount. If you can’t repay, the lender can take your car.

Title loans differ from traditional loans in their operation. Rather than your credit score, a title loan depends on your vehicle’s value and your ability to repay the loan.

One notable benefit of car title loans is convenience. You can keep your car while repaying your loan. 

How Do Car Title Loans in California Work?

Many Californians who can’t qualify for traditional bank loans opt for car title loans as short-term alternatives. 

Residents who need quick cash and have a vehicle title can borrow from any title loan lender licensed by the California Department of Financial Protection and Innovation (DFPI).

Here’s a quick look at some of the most important details about California title loans:

Minimum Loan Amount$2500
Interest Rate Cap30% APR cap for loans < $2500No APR cap for loans > $2500
Loan TermUsually 30 days to 36 months
Oversight AgencyCalifornia Department of Financial Protection and Innovation

Good to Know

Since most title loans in California are over $2,500, many have high annual interest rates. The average APR for car title loans in California is about 70% to 100%. However, interest rates may reach as high as 300%. That’s why it’s important to ensure you can repay a title loan before you agree to it.

California Title Loan Requirements

To get a car title loan in California, you need to provide certain documentation and have each of the following:

  1. Proof of income
  2. Proof of residence
  3. A valid ID
  4. A lien-free vehicle title 

You don’t have to have fully paid off your car to be eligible for a title loan. However, you must have ownership of the vehicle and either the pink slip or a California certificate of vehicle ownership.

How to Get a Title Loan in California

Choosing us for your car title loan guarantees a quick and simple process to obtain instant cash. Once your application and documents are reviewed, you can expect to potentially receive your funds on the same business day!

We’re here for you seven days a week – no appointments or wait times necessary. 

1. Apply Online

To get started, fill out our online title loan application or give us a call at (888) 557-7115. Our application process takes just a few minutes and is totally secure. 

2. Gather Materials

Submit copies of your documentation. The team will then review your application and materials. Meanwhile, the lender creates a loan offer suited to your needs.

3. Get Paid Fast

Once the lender approves your application and you’ve signed the loan documents, it’s time to get paid! In most cases, you receive cash the same business day you apply.

Get Quick Cash in California: We’re Here to Help

If you have a car title, you may be eligible for a quick cash from an online loan. Trust our reliable service to help you find the right solution.

Tips for Responsible Title Loan Borrowing

Ensure your title loan borrowing experience is as beneficial as possible with these helpful tips.

1. Understand Your Rights and Responsibilities

As a borrower, you are protected by laws like the Truth in Lending Act (TILA), which mandates that lenders fully disclose the terms of your loan. Always review these terms carefully before signing any agreement.

2. Borrow Responsibly

Only take out a loan for the amount you can realistically afford to repay on time. Keep in mind that this amount may be less than you are eligible to receive.

3. Consider the Costs

Remember, the convenience of quick and easy title loans often comes at a high price due to elevated interest rates and fees.

4. Read Before Signing

Ensure that your loan agreement clearly states all interest rates, the annual percentage rate (APR), and any additional fees. 

Frequently Asked Questions

Does California Allow Title Loans?

Yes, car title loans are legal in California. They’re watched over by the Department of Financial Protection and Innovation to ensure they’re fair and don’t take advantage of borrowers. However, they have limits and charge high interest rates, sometimes up to 291%. That’s why we suggest only using title loans as a last option.

What Is the Interest Rate on a Title Loan in California?

California auto title loans that are less than $2,500 have an annual interest rate cap of 30%. Loan amounts over $2,500 have no cap on interest. This means that lenders can charge as much as they want.

How Do I Get a Copy of My Vehicle Title in California?

To get a title copy, you first must either mail in or make an in-person request at your local California Department of Motor Vehicles (DMV) office.

Next, complete an Application for Duplicate Title Form (Form REG 227). If you are the vehicle’s legal or true owner, you must sign the document and have it notarized before submission.

Do Title Loans Affect Your Credit?

Title loans generally don't impact your credit score because lenders typically don't report payment history to credit bureaus. However, it's important to remember that defaulting on the loan can have negative consequences on your credit.

Why Are Title Loans So Expensive?

Title loans tend to be costly mainly due to their high interest rates and fees. Additionally, because they are often short-term loans and are secured by the borrower's vehicle, lenders may charge higher rates to mitigate the risk involved.

Our locations in California

We can provide you with a quick cash fix if you live in the following cities:

What are you waiting for?

Get started today and get a loan of up to $50,000!

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