Calculator
Title Loan Cost Calculator
A title loan is secured by your vehicle and priced as a monthly fee on the amount borrowed. This calculator shows the monthly fee, the total fees over the months you hold the loan, the total repaid, and the annualised rate.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
Enter your numbers and press Calculate. Nothing you type leaves your browser.
How this calculator works
A title loan uses your car as collateral and charges a fee each month based on the amount you borrowed. The calculator multiplies the loan amount by the monthly fee percentage to get the monthly charge, then multiplies that by the months you hold the loan.
Because the fee repeats monthly and the principal often does not fall, the total cost grows quickly. The calculator reports the monthly fee annualised as an APR so you can compare it with other borrowing. A title loan is secured by your vehicle, and if you cannot repay, the lender can take the car.
Title loan rules vary by state, and some states cap or prohibit the product. Enter the fee your lender quotes, and read the agreement carefully before signing anything.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.