How does a car title loan work? A title loan is meant to be a short-term loan however, you can keep the account as long as you need to if you make the minimum monthly payment on or before your due date.
Step 1: Apply online or come by our office to get approved for a loan. To be approved, please bring all required documents with you.
Step 2: Our title loan staff will complete a quick 5-minute inspection of your vehicle.
Step 3: You are given cash for the value of your vehicle. No keys are required; you get to keep your vehicle.
Step 4: Once you have paid back your title loan in full, we will release the lien on your vehicle and will return the title to you.
**Because of the high risk associated with short-term loans, the Annual Percentage Rate (APR) can be as much as 300%.
Jacksonville Title is committed to giving its customers the best experience possible. How does a car title loan work? – Car title pawns are secured by the equity in your vehicle. This type of pawn is not intended to be a long-term solution. The max APR for a title pawn is 0%*, plus a mail fee of $5.91. Pawn repayment periods can range from 61 to 90 days.
If you choose to pay your pawn within 61 days, then the total repayment for a $100 loan is $100. The customer is also responsible for paying a mail fee of $5.91.
|PAWN AMOUNT (Amount Financed)||PAWN TERM (# of Days)||PAWN FEE (Finance Charge)||CHECK AMOUNT (Total of Payments)||APR|
|Representative Pawn Examples (Changing Terms)||One Time Fee||Total|
|Amount||Term||Rate (APR)||No. of Payments||Monthly Payments||Mail Fee|
* This offer is only provided to customers whose applications originated via a paid Google advertisement. Your actual rate depends upon loan amount, loan term, credit usage, and history, and will be agreed upon between you and the lender.