Title Loan Calculator
Enter your loan amount, monthly rate, term, and fees to see the true cost of a title loan.
Result
How to use
- Enter your values in the fields above.
- Press Calculate to see your result instantly.
- Use the Share button to copy a link to your result.
About this calculator
A title loan is a short-term, high-cost loan secured by a vehicle's title, typically repaid over 15 to 30 days or in monthly installments, with the lender able to repossess the car on default. Because rates are usually quoted monthly rather than annually, the true cost is easy to underestimate.
This calculator applies the stated monthly rate over the loan term to find total interest, adds any fees (such as origination or lien fees) to get total repayment, and annualizes the monthly rate to an approximate APR — the figure lenders in the US are required to disclose under the Truth in Lending Act, and the one most useful for comparing a title loan against other borrowing options.
Because title loan APRs frequently run into the triple digits, seeing the total repayment and APR side by side helps make the real cost of borrowing against a vehicle explicit before signing.
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