Disclosure and Example of Title Loan Rate & Fees
Loan approval is subject to meeting the lender's credit criteria, which may include providing acceptable property as collateral. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by consumer. Repayment terms are greater than 90 days and up to 36 months. Loan proceeds are intended primarily for personal, family and household purposes. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.
The following chart contains examples that illustrate the cost of a loan to the borrower. It is for informational purposes only to show how APR works.
Please let us know if you have any questions or queries. We are happy to answer all questions and provide any additional information that you may need. Our process is completely transparent, ensuring that you are able to make an informed decision.
Not all consumers will qualify for the representative examples below. Final rates, terms, and fees may vary by lender. If you are offered a loan, you will have the opportunity to review the final offer before accepting. Providing your information on this website does not guarantee approval for a product offering. There is no charge to use this website. Speedy Title Loans may receive compensation from lenders and advertisers in certain circumstances.
| Number of Months | Annual Percentage Rate (APR) | Finance Charge | Amount Financed | Minimum Monthly Payment | Total of Payments |
|---|---|---|---|---|---|
| 12 (minimum) | 35.9056% | $535.44 | $2,615.00 | $256.60 | $3,150.44 |
| 24 | 35.9047% | $1,086.68 | $2,615.00 | $151.24 | $3,520.80 |
| 36 (maximum) | 35.952% | $1,692.37 | $2,615.00 | $117.70 | $4,307.37 |
Disclaimers
- There are no penalties for making additional payments or prepayment.
- APR is calculated based on all installment periods being of equal length.
- Additional fees: Lien fee of $15.00 is financed. Prepaid Documentation Fee is $75.00 for loans up to $4,999 or 5% for loans $5,000 or more.
- Speedy Car Title Loans utilizes the FICO scoring method when credit score is a factor in determining customer credit worthiness.