HOW TO GET APPROVED FOR A TITLE LOAN IN TEXAS
Apply For A Title Loan
Online or Give Us a Call
Tell us about yourself and what you drive. We'll need to know your current vehicle information, ability to repay, and how much cash you need.
Easy Online Approval and
Documentation Process
Send us your title, proof of income, and proof of Texas residency. We check it against lender guidelines and can usually give you an estimate in 30 minutes.
Sign Your Agreement
And Receive Your Funds
Once you sign your agreement, and the lender is listed as lienholder on your title, you can typically get your money by direct deposit or at a local lender's office.
Requirements To Qualify For A Title Loan In Texas
You'll need a lien-free title in your name. Lenders generally won't accept titles with co-owners, and you must be at least 18 years old with a government-issued photo ID. Lenders will check your income and ability to repay, and you'll need to prove you live in Texas. Some lenders also want to see that the title is recorded with the TxDMV.
Texas Title Loan Rules At A Glance
| Topic | What It Means To You |
|---|---|
| State Oversight | The Office of Consumer Credit Commissioner (OCCC) licenses Credit Access Businesses (CABs) in Texas. |
| Borrowing Limits | Some lenders go up to $20,000, depending on your car's value. In Dallas, Austin, Houston, San Antonio, Fort Worth, and other ordinance cities, loans are capped at the lesser of 70% of the car's retail value or 3% of your gross annual income. |
| Interest & APR | OCCC data puts most Texas title loan rates between 262% and 366% APR. |
| Repayment Rules | CAB title loans max out at 180 days. In ordinance-governed cities, title loans can have up to 3 renewals, or installment agreements are limited to 4 payments. Each renewal or payment has to reduce your principal balance by at least 25%. |
| Keeping Your Car | You keep driving your car while you repay the loan. |
What Happens After I Submit An Online Application?
Initial processing and pre-approval usually takes 30 minutes after you send in your vehicle information. After you sign the contract, the lender holds your car's title until you pay off the balance. The amount you can borrow in Texas depends on your income and the retail value of your car, truck, or SUV.
Interest Rates & Fees For Title Loans In Texas
Rates in Texas are above standard bank rates because many applicants have credit issues. Your car is the collateral, so approval mostly comes down to your vehicle's value and your ability to repay. According to OCCC state reporting data, title loans in Texas run between 262% and 366% APR. The rate and terms you're offered depend on the lender and your situation. Before signing, check that the company holds an OCCC license.
How Much Can I Get With An Online Title Loan?
Loan amounts in Texas can reach $20,000, though amounts that size are uncommon. What you get depends on your car's condition and your finances, and there's no set minimum. You don't need a full-time job but most lenders still want proof of income, like bank statements, pay stubs, or proof of benefits.
How Long Does It Take To Get My Money After Approval?
Many lenders fund the same day you sign. Funds can be wired to your checking or savings account, or sent via ACH, though ACH can take a day or two to clear. Some lenders also let you pick up cash or a check in person.
Can I Get A Texas Title Loan With Bad Credit?
You can still qualify for a car title loan even with a low credit score or no credit history. Unlike most personal loans, title loans lean on your car's value more than your FICO score. We can help you find lenders who can look past your credit score. Many lenders in Texas offer online title loans with no store visit and remote appraisals. Apply now to see if you qualify.
Can I Refinance or Buy Out an Existing Title Loan?
You can refinance with another licensed lender, which usually means they pay off your current loan and set new terms. Approval still depends on your car's value minus what you still owe. If the other loan is over 50% paid off, you have a better shot at improved terms.
Repayment terms for title loans vary based on where you live and who you borrow from. While CAB contracts in Texas are capped at 180 days, loans in cities with local ordinances are typically limited to four payments. Title loan APRs in Texas vary widely and run far higher than traditional loans. In Texas, Credit Access Businesses (CABs) may charge a fee to arrange a title loan. Review the fee schedule and mandatory notice from the Office of Consumer Credit Commissioner (OCCC) provided to you by the CAB before signing.