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, so using a calculator upfront can help you decide whether it's the right move. Don't blindly apply; get a preliminary estimate of the terms and payoff amount first. Our online calculator can estimate this based on your requested payoff terms and the amount you want 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, and the amount you borrow drives the total cost. APRs run between 262% and 366% 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 each payment to reduce your original principal balance by 25%, which significantly lowers the interest you'll pay over the term of a title loan.

- To compare different loan scenarios side-by-side. Compare 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 can make an informed lending decision that saves you money and gets you to 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 ordinance cities, you're limited to 4 payments, so enter 4 rather than a longer term. The calculator will then estimate the monthly payments and total interest paid after all payments are made.

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, it helps to know how much you want to borrow and how quickly you plan to repay the loan. 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 getting multiple estimates before you apply makes sense.

Estimate The Monthly Payments With Our Title Loan Calculator

Car title loans are one way to borrow money when you can't qualify for a personal loan from an installment lender. Even though there's often not a full credit check, 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 estimate monthly payments and the APR and fees you'll pay over the loan term. Some people also ask for an estimate to decide whether a title loan buyout or a refinance is a better fit.

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

Run the numbers through the calculator above to compare options.