South Carolina Title-Secured Loans

Thank you for your interest in Title Pro, where you’ll find some of the most competitive rates for title-secured loans in South Carolina. When emergencies happen, they are often costly and unexpected. While you could attempt to get the funds that you need by asking relatives or by pursuing other traditional lending or non-traditional financing methods, a title-secured loan is a far simpler solution. Title-secured loans are a convenient way to get the cash you need when you need it. SC title-secured loans from Title Pro allow you to use the title of your car, truck, or another type of vehicle to secure a loan.

Our application process is straightforward and allows you to apply online at any time and from anywhere in South Carolina. Title-secured loans come with a few requirements. If you are interested in a SC title-secured loan, you must be at least 18 years old and have a current checking account, email address, and phone number. Our potential borrowers must also present us with a valid, government-issued identification such as a driver’s license. The name on it must match the name on the title of the vehicle in question and you must meet any state requirements such as proof of residency and proof of income.

As a resident of SC, there are things that will apply to you specifically, and you should be aware of them before applying. South Carolina has fees and charges that can affect your loan application. The complete schedule of the fees and charges for our 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 (that amount is set by South Carolina 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.

As you are looking for title-secured loans in SC, also just called “car title loans” in other states, it helps to have a little information about the companies that you are considering. TMX Credit Inc., d/b/a Title Pro, is a supervised lender licensed under South Carolina law. Loans made by Title Pro are supervised loans that are authorized by the South Carolina Consumer Protection Code, § 37-3-501 et seq. All of our title-secured loans are offered in full compliance with all state laws and regulations.

Once you’ve read over South Carolina’s fees and charges, simply complete our application form to start the process. Depending on when you apply, your application can often be completed within the same day, and you can keep driving your vehicle during the term of the loan. If you have any questions about title-secured loans in SC, you’ll find answers by checking out our FAQs page. Need more assistance? Our customer service representatives are available to help you throughout the application and repayment process. Let Title Pro make it simple to get the cash you need and get on your way. Apply with us today!


SCHEDULE OF LOAN FEES AND CHARGES
South Carolina
Effective May 2016

Thank you for your interest in Title Pro. TMX Credit, Inc. d/b/a Title Pro is a Supervised Lender licensed under South Carolina law. Loans made by Title Pro are supervised loans authorized by the South Carolina Consumer Protection Code, § 37-3-501 et seq. and are not short-term vehicle secured loans as defined by South Carolina Consumer Protection Code, § 37-3-413.

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 South Carolina 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)
$1,200$15 $ 787.80 $ 55.64 $ 2,002.8035.98%
$2,500$15 $ 1,631.05 $ 115.16 $ 4,146.0535.98%
$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: $1,200 to $10,100

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, which amount is included as part of the Amount Financed.

Prepayment: There is no prepayment penalty.

Licenses and Regulatory Information

South Carolina State Board of Financial Institutions
Consumer Finance Division
3rd Floor, Edgar Brown Building, Suite 306
1205 Pendleton Street
Columbia, SC 29201

Phone: 803-734-2020
Fax: 803-734-2025
General e-mail: cfd@bofi.sc.gov

  • * 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%.