What is the interest rate for a title loan?

The interest rate for your title loan will vary based upon the amount of time that your account is open and how you payback the title loan to Florida Title. Since a title loan is meant to be a short-term cash advance solution, your interest rate will ultimately vary because the shorter term the title loan is open, the less you will pay for a total cost of borrowing.

The finance fee for a title loan is $25 per every hundred borrowed on your title loan. Every 30-days that your account remains open, you can expect to pay $25 for every $100 unpaid in a finance fee to extend the transaction an additional 30-day period.

Florida Title has an exclusive 30-day interest free program that first time borrowers can possibly qualify for and if you pay off your title loan within the first 30-days, you are essentially receiving a title loan with a 0% interest rate! Our 30 days interest free promotion waives up to 30 days’ worth of interest upon payout, so the promotion is valid for the life of your account with Florida Title, and you do not have to pay out within the first 30-days to take advantage of this promotion. 

30 Days Interest Free; Not all customers will qualify for 30 Days Interest Free Promotion. In order to qualify for the 30 Days Interest Free Promotion, you must meet the following criteria: 1) Have a lien free title to your vehicle that has a pawn value of at least $1,000; 2) Have verified, documented income of at least $1,000 a month after taxes; 3) Provide an acceptable proof of Residency such as a service bill or bank statement in your name. You must open an account with Florida Title in order to receive the promotion. Promotion must be requested to a Florida Title representative prior to the completion of your Motor Vehicle Pawn Transaction in order to qualify. Promotion only valid one (1) time, per customer.

If you have additional questions, Florida Title can help answer any questions you might still have! Call now to speak to a representative at (850) 458-2274 or get preapproved over the phone or if you prefer, you can submit your information on our website to get an instant email quote for your title loan!