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Alabama Title Loans

Fast and Easy Car Title Loans in Alabama

Need fast Cash? As long as you have a vehicle with equity a car title loan is an option to consider. 

  • From $100 to $10,000 plus
  • No Credit Needed
  • Instant Online Approval
  • Direct Deposit Same Day

Title loans are available in Alabama. These are what we consider title pawns, in other words very short term loans. In fact, title loans is Alabama ar governed by the Alabama Pawn Shop Act.

In that sense it is just like you were pawning your car, the only real difference being you continue to own and drive your car during the loan period. A summary of certain requirements follows.

Type of Title Loan available in Alabama

As we’ve written about many times, title loans are typically either single payment loans or monthly installment loans.

Single Payment or Monthly Installment?

Alabama title loans are single payment title loans (or title pawns). The full amount of the loan, plus interest and fees, is due at the end of the loan term

Interest Rates

Alabama title loan examples
Car Title Loans in Alabama have Single Payments

Every state has different rules about how much interest a lender is permitted to charge. The maximum allowable interest rate in a Alabama is 25% per month. This is on the high end of the scale for title loan interest rates.

Just because lenders can charge up to 25% per month, however, does not meant that all lenders do so. In fact, some of the best title loan companies charge a fraction of this rate.

Alabama Title Loan Fees

In addition to interest rates, title loan fees are also regulated at the state level.

Lien Fee

Lien fees are the fees the lender pays to record their lien on your title. It is reasonable for a lender to recover this fee from the borrower, as long as it is the actual cost to record the lien.

In Alabama since the loan is considered a title pawn the lender does not record a lien on the title so there is no lien fee.

Other Title Loan Terms in Alabama

Some other terms that change from state to state include repossession requirements, roll over limits, and others. Find out why title loan roll overs are not a good idea.

Car Title Loan Benefits in Alabama

Fast Cash

Fast Cash

Get the cash you need with a car title loan in less than 24 hours.

Keep Driving

Unlike a car title pawn, keep driving your car while making payments.

Best rates

Best Rates

Keep more money in your pocket with the best interest rates.

Completely Online

100% Online

No need for a store visit or inspection, completely online title loans.

How it Works

Find out About the Title Loan Process in Alabama

Fast Title Lenders helps you save time and money with getting a title loan fast in Alabama. The process is simple and easy with three high level steps:

Apply Online

Apply for a Title Loan Online

The first step in the online title loan process is apply online. The application process is usually fast and easy.

Complete Loan Agreement

Complete Loan Agreement

Make sure to read the loan agreement in full before signing. Get the best title loan for your situation.

Get Funds Direct Deposit

Get Funds Direct Deposit

Once completing your title loan direct deposit is a common funding method; checks can be mailed also.

Car Title Loan uses in Alabama

The proceeds from a title loan in Alabama can be used for any reason. Some of the common reasons borrowers get a title loan in Texas include:

General Expenses

Many people get title loans to cover general expenses until they have time to get the funds from another source. Having equity in a vehicle makes it easy.

Car Repairs

The cost of car repairs and even general maintenance in Alabama can be expensive. When an unexpected car repair comes up, a title loan can help pay for the repair to keep your vehicle on the road.

Medical Bills

Medical expenses can also be significant in Alabama with a variety of factors determining the actual cost of the visit. Car title loans can be used as a short term solution for paying medical bills.

Home Improvements

Just like other services even a small home improvement can cost quite a bit in Alabama. Having equity in your vehicle makes it easy to go through with a home improvement using the proceeds from the loan.

Title Loan Locations in Alabama

Car title loans are widely available in Alabama. This includes all major cities and the surrounding areas. Finding a title loan near you in Alabam is easy with locations in:

Frequently Asked Questions

Yes, in most states completely online title loans are a convenient option. Simply apply now to find out more.

The benefit of a car title loan is they are secured by the equity in your vehicle. This means the loan amount is based on your vehicle value, not your credit score.

There is no prepayment penalty with title loans. This means you can pay your loan in full at any time to save on interest charges. 

Yes, completely online title loans with no inspection are often funded by direct dpeosit. Other funding methods include a debit card and check.