What is a title loan?

A title loan is a quick and easy way to access a line of credit with Florida Title, using the title to your vehicle as the collateral for your loan. With limited requirements, on your free and clear title, we can provide you with the cash that you need today! We can have you in and out in just minutes. We are open 6 days a week to assist you with flexible hours if needed.

A title loan with Florida Title is considered a pawn, not a loan, as we are governed by the State of Alabama Banking Department. A title pawn is not like a traditional pawn, were you exchange your personal items and leave the personal items with the pawnbroker for the duration of the account. In fact, you keep your car with a title loan from Florida Title! Although the title to your car is the collateral you use to open an account with Florida Title, you can continue using your vehicle as normal throughout the duration of your pawn, provided you are complying with the repayment terms of the agreement. Florida Title will keep your title and secure a lien on the title of your vehicle, just as your traditional auto lender would. When you are ready and pay off your account with us, we will simply release the lien that was secured on your title and get you your title back!

You might be wondering also – ‘how does the payback work?’ – title loans are really easy when it comes to the payback. Although title loans are meant to be short-term, small loans, the borrower is in control of the terms for their account with Florida Title. At Florida Title, you can receive anywhere from $200-$5,000 (or more). The amount that you will be approved for and receive for your title loan will be determined based upon the value of your vehicle and your ability to repay the obligation. The transaction is meant to be a 30-day loan however if you are unable to payback your account in 30-days, you can pay the minimum payment to extend the transaction for an additional 30-day period. You can keep doing this as long as you need, however, like any form of borrowing, the longer that your account is open, the more interest you will end up paying for the transaction.

Have an electronic title? Skip that trip to the DMV to get your physical title! We can complete your title loan application with just your registration if your title is electronically held through Alabama or Florida!

In fact, we are one of the only companies in the area that can still process your loan with it being an electronic title.

The application and approval process are quick and easy! Call our representatives today at (850) 458-2274 and we can answer any additional questions that you may have.