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Title Loans

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What are Title Loans?

Title loans are a type of loan that uses your car or any vehicle as collateral. Your auto is worth a certain amount, and you can borrow against that amount. The lender puts a lien on your car title, which means they hold the title until the loan is repaid.

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Three Major Types of Title Loans

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    Auto Title Loan

    The amount you can borrow from an auto title loan depends on the value of your vehicle. If you have an old clunker, then you won{`'`}t be able to get much from the car title loan. However, if you have a newer car worth quite a bit, it can be one way to get some extra cash.

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    Boat Title Loan

    A boat title loan is based on the equity of your boat or watercraft. It means the lender uses your boat as collateral. To get a boat title loan, you must allow a lender to place a lien on your boat title. The lien will be removed when the loan is repaid.

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    Motorcycle Title Loan

    A motorcycle title loan is a secured loan that uses the motorcycle as collateral. To get a motorcycle title loan, you will need to prove that you own the motorcycle. And that it is in good working condition. The loan approval largely relies on the value of your motorcycle.

Pros and Cons of Car Title Loans

The pros and cons of car title loans vary depending on the lender and your credit history, but these cut across.


  • Quick cash: The application process is fast and straightforward so that you can have your money in as little as 24 hours.
  • Bad credit accepted: Even if you have bad credit or no credit at all, you may still be able to qualify for an online auto title loan.
  • Easy to qualify: As long as you have all the required paperwork in order, it’s easy to be approved for a loan.


  • Fees can add up: The APR for title loans can be 300% or more, making them among the most expensive forms of credit available.
  • You could lose your car: If you don't repay the loan, the lender can repossess your vehicle and sell it to recoup any losses incurred in providing you with the loan.
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Where Can I Find Title Loans Near Me?

Find Title Loan Offices Near Me

Do you know where the perfect place is to find a title loan? It's one that's located close to your home or workplace. When looking for a title loan via CocoLoan, finding locations nearby is easy. We provide you with all the local Title Loan Near Me information you need. Click to see what comprehensive details we can offer!

Find Title Loans Near Me Online

You can also get title loans online with us and receive an immediate response from our partnered lenders. They will let you know how much money you can borrow based on how much your car is worth.

Getting Online Title Loans is Fast

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    Step 1. Submit Basic Details

    Get started by filling out our easy form and get connected with our rich network of lenders. You will be asked to enter your basic details. This includes your name, address, vehicle type, mileage, and contact information. After you submit the information, you can choose from a list of our partners on our platform.

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    Step 2. Boat Title Loan

    Once you make a choice, our lender will contact you right away with a decision. If approved, you'll be told how much money you can get. They will also inform you about any interest rates and terms involved in the loan agreement.

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    Step 3. Motorcycle Title Loan

    Once you have been approved for a loan and everything checks out. You will sign a loan agreement. The lender will then transfer the funds directly into your bank account as soon as the next business day.

Frequently Asked Questions

  • Can I Get a Title Loan with Bad Credit?

    Yes! Since you have used your vehicle as collateral, you can get a car title loan even if you have bad credit or no credit at all. In fact, title loan lenders care about your car’s value more than anything else because they can keep your car if you fail to repay.

  • Will Title Loans Negatively Affect My Credit?

    In most cases, title loans will not hurt your credit score because title loan lenders do not report to the credit bureaus. However, if you are behind on payments and your title loan lender must repossess your vehicle, this will create a negative report on your credit history.

  • What Documents are Needed for Title Loans?

    These are the most commonly asked documents.

    • Your Driver's License
    • A Government-Issued ID card (Passport or Birth Certificate)
    • Proof of Income (Recent Pay Stubs)
    • Proof of Residence (Utility Bills)
    • 3 References (Not Related to You)
    • A clear title on the vehicle, in your name only
    • Proof of insurance on the vehicle
  • How Does Lender Value My Vehicle?

    The value of your vehicle is determined by the lending company based on a number of factors. These include age, mileage, condition, and your car's make and model. This allows the lender to offer you the most value for your car or truck.

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Get Started for Title Loans Completely Online Right Away!

Our goal is to help you get through your hard times with car title loans via our service. Start the process right away

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