ONLINE TITLE
LOAN CALCULATOR

If you're considering a secured loan against your vehicle, it's important to understand how much you can borrow and what the APR will be. These loans can be expensive, and using a calculator upfront can help you decide if it's the best move. Don't blindly apply, get a preliminary estimate of the terms and payoff amount first. Our online calculator can estimate all this based on your vehicle's value, your requested payoff terms, and the amount you're looking to borrow.

Why Use A Title Loan Calculator? A Few Reasons:

- To understand the expected monthly payments and payoff totals. We know some of you have never taken out a title loan, and the entire process can be hard to follow. Use our online calculator to find out how much you can borrow.

- To see how much interest you'll accrue with each monthly payment. Interest rates are high, with most title loans being over $1,000. Some lenders charge APRs over 100% and our calculator can help you understand the full amount you'll pay with interest.

- To determine if a title loan is your best lending option. Our calculator can tell you if another lending option might save you money. Title loans aren't for everyone, and you may want an unsecured loan that doesn't require a vehicle as collateral and comes with lower interest rates. Also, if you live in a city such as Austin, Dallas, Houston, or San Antonio, local lending ordinances require that each payment you make reduce your principal balance by 25%, which significantly lowers the amount of interest you'll pay over the term of a title loan.

- To compare different loan scenarios side-by-side. Our calculator will break down the monthly payments and APRs for a title loan, title pawn, and auto equity loan. Go with the secured loan option that best fits your needs.

A title loan calculator can give you a quick estimate of the expected payments and interest rates. That way, you should be able to make an informed lending decision that saves you money and gives you the quickest payoff.

How To Use The Calculator

Before using our interest calculator, you should confirm the vehicle's value and determine how much you can afford to pay each month. Customers use our interest calculator to evaluate their lending options and determine if a title loan is right for them.

Next, input the loan amount you're looking for, the desired interest rate, and the loan term. Note: In many Texas cities with local lending ordinances, your loan term is capped at 4 installments (payments) to ensure a quick repayment. The calculator will then estimate the monthly payments and total interest paid in full after all the payments.

You can also compare different loan scenarios to see how much you'll pay over the repayment term and the expected interest charges.

How To Determine Your Vehicle's Value Before Using The Calculator

To determine your car's value, you need to know its year, make, and mileage. In addition to the vehicle details, knowing how much you're looking to borrow and how quickly you plan to repay the loan is helpful. With that info, you can check recent sales of comparable vehicles to estimate the vehicle's value. The finance rates and monthly payments may be too high for an auto title loan. It may turn out that you're better off going with a personal loan lender in Texas or a title loan with no credit check. That's why you want getting multiple estimates with our calculator before you apply makes sense.

Estimate The Monthly Payments With Our Calculator

Car title loans are a great way to borrow money when you can't qualify for a personal loan from an installment lender. Even though you won't have your credit checked, you'll still pay interest on the collateralized amount. Our calculator can help you see how the mandatory 25% principal reduction (required in most larger Texas cities) helps you pay off a title loan in months rather than years.

With our interest calculator, you can determine the monthly payments and estimate the APR and fees you'll pay over the lending term. Some people will also ask for an estimate to decide whether they're better suited to a title loan buyout or a refinance.

Another benefit of a quick lending estimate is knowing instantly if the title loan is too expensive for your budget. While these loans can be helpful for someone facing a financial crisis, you may be able to take out other loans with lower interest rates.

Run the numbers through the calculator above to see how much you'll save.