Title Loan Laws
Short-term Title Loans of Michigan are regulated by the state’s laws what concerns their rates and terms. Michigan Authorities set the maximum and minimum loan amount, repayment period, limit interest rates and other finance charges. For detailed information on Car Title Loan regulations in Michigan check the table below:
| MAX Loan Amount | $600 |
|---|---|
| MAX APR | 300.00% |
| Repayment Terms | up to 31 days |
| Eligibility Criteria |
|
If Title Loans are prohibited in your state, or you don’t want to use your vehicle as collateral, consider same day financing with fast and easy Payday Loans in Michigan .
Easy Online Car Title Loans in Michigan
Title Loans with an easy online application have a number of benefits you can take advantage of:
- Online Title Loans are fast to get
- You can apply completely online
- The requirements are very simple
- You are guaranteed to qualify even with bad credit
- You get an approval decision in a few minutes
- No hard credit check
- The funds can be deposited into your bank account the same day
Title Loans in 3 Easy Steps!
- Fill out an application form completely online with no store visit or find Loan company near you.
- Discuss the terms and conditions of the loan, provide your vehicle title as collateral and finalize the process in the company’s location after a car inspection.
- Sign the loan agreement and get the money in less than an hour.
Do I qualify for a title loan?
Car Title Loans are available for any Michigan resident who meets the following eligibility criteria:
- Age over 18
- Michigan residency
- A clear car title
- A proof of income
- A Government-issued ID
- Active bank account
- Valid contact information