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Title Loan Calculator

Title Loan Calculator

The original car title loan calculator provides an instant estimate of what a car title loan will cost with details of how each payment breaks down. You can also compare different loan amounts, interest rates, and repayment lengths. Fast Title Lenders was the first company to develop a title loan calculator, and today it is still the most useful. 

Title Loan Details:

Title Loan Amount: $
Number of Months:
Comparison Interest Rate:

Calculator Results:

Summary Totals:

How to use the Car Title Loan Calculator:

The title loan calculator is very easy to use, intuitive, accurate, and detailed. Simply enter a few data points and let the calculator do the rest. There are three inputs:
  1. Title Loan Amount – this is the amount you want to borrow. Remember, the more you borrow, the higher the repayment costs, so we recommend borrowing only what you need.
  2. Comparison Interest Rate – select the interest rate from the title loan you want to compare (optional).  This is not required but can help easily compare costs for different rates.
  3. Loan Term – this is the length of the loan in months. For single payment title loans select 1.

Then, adjust the numbers as many times as needed to compare different title loan amounts, monthly payments, and loan schedules. 

Now that you have a monthly payment and total cost estimate you can make a better informed decision.  

If you found a payment that works, inquire online when you’re ready.  If not, here are some alternatives to title loans. We hope you find one that meets your needs.  

How to get value from the Title Loan Calculator

Use the fast car title loan calculator to quickly and easily estimate any loan amount, monthly payment, interest rate, and full payment schedule. This information helps to determine whether or not a title loan is the right choice for your situation. 

The calculator also computes and displays both the monthly rate and the Annual Percentage Rate (APR). These are very important aspects to title loan cost and are very different as we’ll explain later. 

Transparency and convenience are important to us and are two characteristics that are common across the best title loan companies. The calculator is an important part of providing information and allowing customers to:

  • Calculate the Title Loan total cost and Interest Rate – knowing the total cost and interest rate is the first step to understanding the loan
  • Get an Instant Title Loan Estimate – get an estimate 24/7 from anywhere at any time
  • Estimate your repayment time – find out how long it will take to repay a certain loan amount
  • Compare different loan amounts and terms – analyze different lengths, monthly payments, and totals to optimize your loan
  • Compare different title lenders – enter any interest rate and compare payments. You can also use the car title loan comparison calculator for a more detailed breakdown of two different loans. 

Additional Benefits

Getting information online from your home is not only convenient but also important. Why go to a lender for a quote and estimate when you can get one from home? It saves time and effort and can be done any time 24 hours a day 7 days a week.

Additional benefits include the ability to compare various loan amounts and terms and analyze the differences. This allows you to optimize the loan to meet your needs. Optimization is especially important when preparing for a completely online title loan with no credit check and no inspection as you will not be visiting a lender in person. 

Compare Loan Terms and Effects

Loan terms and effects compared using the calculator output
Compare different loan terms with the calcualtor.

Perhaps the most valuable benefit of the car title loan calculator is the ability to change the loan term and compare different monthly payments as well as total costs for different loans. 

This is simple to do, just change the number of months and view the results. This lets you see how much your monthly payment will decrease if you increase the loan term, and how much the total loan cost will increase.

As you extend the loan term you’ll notice that the overall cost does increase. In some cases these costs get excessive. The ability to see this first hand is important to avoid an unnecessary costly loan. 

Get an Amortized Payment Schedule

As mentioned, the title loan calculator provides more than just a payment estimate. It also computes the entire payment schedule; showing how each loan is amortized in real-time.  Amortization is the process of breaking the loan into equal monthly payments. 

Optimize the Title Loan Amount and Term

Using the Car Title Loan Calculator on a tablet to optimize the loan
Use the title loan calculator to optimize your loan amount and term.

Using the title loan estimate from the calculator gives you the ability to optimize your loan. Unlike other calculators that only tell you what your vehicle might be worth or provide unrealistically low interest rates; our calculator provides the detailed cost of different loan amounts and terms. 

Use this information to optimize your loan amount and come up with the best car title loan for your needs.

Comparing Monthly Payment vs Total Loan Cost

One mistake that is often made is focusing on only the monthly payment without taking into account the total cost. This can lead to an excessive total cost, so make sure to take that into account. 

While increasing the loan term may decrease the monthly payment, make sure the increase in total loan costs is reasonable. A feature of optimizing your loan is finding a monthly payment that does not result in an excessive total loan cost. 

Monthly Interest Rate vs Annual Percentage Rate (APR)

To calculate any loan accurately you will need the right interest rate. It is important to compare loans using the same interest rate term. If you have the Annual Percentage Rate (APR) you need to compare it to APR; and if you have a Monthly Rate you need to compare to another Monthly Rate.

Comparing or calculating one loan using a monthly rate, and another using the APR, will produce inaccurate results. We have any easy solution; the APR to Monthly Rate converter.

Most title loans are quoted using the monthly rate; versus the more common annual rate or APR. Thankfully, the monthly rate can be converted to APR simply; just multiply by 12. Likewise, APR can be converted to the Monthly rate simply by dividing by 12.