Estimate your payment
Monthly payment
$366.91
over 12 months
Total cost of credit
$1,978
$1,903 interest + $75 fees
Total you repay
$4,478
roughly 79% effective APR
Installment vs. 30-day renewal
An amortizing installment loan at these terms returns $4,478. The same principal on an interest-only structure that you renew for 12 months before paying the balance in full costs $5,575. The gap is the price of not paying principal down every month, and it is the single biggest decision in a title loan.
Use this estimate to choose confidently
- Monthly rate is not APR. A 10% monthly finance charge is roughly 120% annualized before fees. Always convert before comparing an offer to any other credit you have.
- Fees belong in the math. Origination, lien recording and document charges sit outside the quoted rate and can add ten percent to the total.
- Ask for one number. "If I pay this off on this date, how many dollars do I hand you in total?" That figure is comparable across every lender.
- Paying early should be free. Confirm in writing that there is no prepayment penalty and that extra payments reduce principal.
These are estimates. Submit your request to see any available rates and terms for your vehicle and state. You are not obligated to accept an offer.
Ready to move forward? Complete the form beside this calculator, or review title loan interest rates explained or start with how a title loan works.