Because title loans can have very high interest rates, they aren’t permitted in all states. In some they are banned completely, and in others there are interest rate caps.

Another consideration is how steep the interest rates can be on a title loan. While certain states have set caps on the interest rates a lender can charge you (anywhere from 2% to 36%), ...

For title loans, the lender might also require you to have a vehicle with a clear title in your name. Interest rate: Expect an interest rate between 300% to 400% — though some states have caps ...

Note that interest rates on car title loans are high, often as much as 25% of the loan amount. If you cannot repay the loan on time, some lenders will roll over (renew) the loan for additional ...

One controversial practice associated with car title loans—and short-term loans in general—is the use of non-annualized interest rates.For example, if a lender advertises a 30-day loan with a ...