Car Title Loans in Alabama

When you need cash to cover expenses, Title Pro can help. We understand that you probably don’t have a lot of time to research financing and visit bank branches to find title loans. Alabama consumers can turn to Title Pro for help with a secured online title loan. We offer financing at competitive rates with convenient lending terms. Title loans in Alabama have never been so simple!

What You Need for a Title Loan

With a focus on transparency and customer satisfaction, Title Pro has created a user-friendly title loan process that centers around educating the consumer and offering personal assistance throughout every step. When you are interested in an Alabama title loan, you can anticipate a fast and seamless process that both educates you and talks you through each step to get you the cash you need. Applying for an online title loan requires that you own your vehicle and that you have a vehicle title that is free of any liens. You must also possess a government-issued ID, and the name on your title must match your ID. Applying for an Alabama title loan requires that you be at least 19 years of age, and you must have a checking account, an email address, and a phone number to provide, and meet any state requirements such as proof of residency and proof of income.

The Title Pro Process

The steps to getting an Alabama title loan have been designed for simplicity and convenience. To begin, simply fill in and submit our secure online application. This routes your application directly to a customer service representative, who is waiting to assist you. This representative will call you to provide real-time assistance with the rest of the loan process. The representative will help with completing the vehicle appraisal process and submitting loan documentation. You also receive assistance with electronic signatures on loan documents. After collection of all of the necessary documentation, we will process the application. Many customers will receive a decision on their application as soon as the same day*! With approval, we can wire funds directly to your checking account, or we can send you the funds via Western Union. And while you’re paying us back, you can continue to drive your vehicle. Feel free to repay your loan early, too, as we don’t impose any penalties for doing so like some places do.

Getting Alabama Title Loans

If you think of questions at any time during the application or repayment periods, Title Pro representatives are happy to help. Title Pro is licensed under the Alabama Consumer Credit Act, and we provide title loans in accordance with all current codes and regulations, so you know that we’re a trustworthy financing option. A complete schedule of fees and charges for Alabama title loans is set forth below. For people seeking money to cover unanticipated expenses in Alabama, title loan services from Title Pro could be the answer you need. Title Pro is ready to help you get funds for important expenses with an online loan. Even customers with less-than-perfect credit have financing options. Contact us today for immediate assistance.


SCHEDULE OF LOAN FEES AND CHARGES
Alabama
Effective July 2016

Thank you for your interest in Title Pro. TMX Credit, Inc. d/b/a Title Pro is licensed under the Alabama Consumer Credit Act and makes loans in accordance with Code of Alabama § 5-19-1 et seq. and Code of Alabama § 8-8-5.

The complete schedule of fees and charges for our secured installment loan product is set forth below. If we do not have a current lien on the pledged motor vehicle collateral, we will impose a title lien filing fee of $15 (amount set by Alabama law). The title lien filing fee, which is included in the amount financed/loan principal, will be paid directly to the Department of Motor Vehicles from the loan proceeds.

36-Month Installment Loan
Loan Proceeds Title Fee Finance Charge Payment Schedule*
36 Payments of:
Total of Payments Annual
Percentage
Rate (APR)
$2,100$15 $ 1,371.52 $ 96.85 $ 3,486.5235.98%
$3,500$15 $ 2,279.30 $ 160.96 $ 5,794.3035.98%
$5,000$15 $ 3,252.27 $ 229.64 $ 8,267.2735.98%
$7,500$15 $ 4,873.47 $ 344.12 $ 12,388.4735.98%
$10,000$15 $ 6,494.60 $ 458.60 $ 16,509.6035.98%

*All loan examples above assume a monthly payment schedule with payments due on the same date of each month. The final scheduled payment amount typically differs from the standard payment amount. All Payment Schedules and APRs are examples only; actual monthly payment amounts and APRs may vary depending on the month and date of loan origination.

Available Loan Amounts: $2,100 to $10,100.00.

Loan Term: 36 months

Interest: 35.9% per annum, daily simple interest. Interest will continue to accrue on past due principal amounts until paid in full.

Lien Filing Fee: $15.00, which amount is included as part of the Amount Financed.

Prepayment: There is no prepayment penalty.

Licenses and Regulatory Information

Alabama Consumer Credit License

State of Alabama
State Banking Department
Bureau of Loans
Attn: Arlene Baldwin
P.O. Box 4600
Montgomery, AL 36103-4600

  • * Loan transactions completed before 4pm CST on the same business day may be eligible for same day funding.

    To qualify for a Title Pro loan, applicants must satisfy all Title Pro eligibility requirements including, without limitation, an unencumbered motor vehicle title, satisfactory vehicle appraisal, verifiable identity, a minimum satisfactory FICO® score, valid and verifiable email address, valid and verifiable bank account and, in some states, minimum verifiable income. Applicants must be 18 years of age or older (19 in Alabama). Title Pro reserves the right to require all applicants to submit documentation to validate loan eligibility requirements. Available loan amounts, repayment periods and applicable finance charges vary by state and are governed by state law and the Title Pro loan agreement. Refer to the States and Fees page for further details on Title Pro’s licenses, available loan amounts, and loan pricing.

    Title Pro currently does business only in South Carolina, Georgia, Alabama, California, New Mexico, and Utah. If Title Pro is not able to approve you for a loan, or if you reside in a state where Title Pro does not currently do business, you may request Title Pro to refer you to another creditor who may be able to assist you with your credit needs.

    In South Carolina, Georgia, Alabama, California, New Mexico, and Utah, all Title Pro loans have a contractual term of 36 months. Following is a representative example of a $3,500 Title Pro loan.

    In South Carolina, Title Pro makes motor vehicle title secured supervised loans authorized by the South Carolina Consumer Protection Code, § 37-3-501 et seq.; Title Pro does not offer short-term vehicle secured loans as defined by South Carolina Consumer Protection Code, § 37-3-413.

    Loan Proceeds Title Fee (amt. varies by state) Finance Charge Payment Schedule+ 36 payments of: Total of Payments Annual Percentage Rate (APR)
    $3,500 $15.00 $2,279.30 $160.96 $5,794.30 35.98%
  • + The loan example above assumes a monthly payment schedule with payments due on the same date of each month – actual monthly payment amounts and APRs may vary depending on the month and date of loan origination. The final scheduled payment amount typically differs from the standard payment amount.
  • - California customers: In California, the minimum loan amount is $2600. Loans are made by TMX Credit, Inc. d/b/a Title Pro, California Finance Lender Law License No. 603 J737. Refer to the States and Fees page for further details.

    The minimum contractual term of a Title Pro loan is 36 months, and the maximum contractual term of a Title Pro loan is 36 months. The maximum annual percentage rate (APR) for Title Pro loans is 35.99%.