Motorcycle Title Loans

Obtain secured loans using your motorcycle title as collateral. Find out if you qualify to pawn your motorcycle today and receive quick approval from lenders.

Want to borrow more than $5,000? Click here!

What Are Motorcycle Title Loans?

Like most other title-based lending options, a motorcycle loan is a type of short-term financing that offers you cash with your motorcycle as collateral. It is also often regarded as a motorcycle title pawn.

With motorcycle title loans, you can get up to $35,000, depending on the current market value of the motorcycle. Interestingly though, you still get to use your motorcycle throughout the loan, unless you fail to pay it back.

You can secure a single payment or an installment motorcycle title loan. Either way, this type of lending is known to come with high-interest rates.

Do I Qualify for a Motorcycle Title Loan?

Fortunately, motorcycle title loans have relatively simple qualification conditions. Here are four general requirements that are common to the majority of lenders.

  • Legal Age: Borrowers must be 18 years of age and older to qualify for a motorcycle title loan. This age limit may vary across different states in the country.
  • Proof of Residence: Provide a utility bill or other documents confirming that you are a resident of the state.
  • Lien-free Motorcycle Title: The ownership of the motorcycle must have been fully passed to you. There should be no existing loans with banks or other institutions.
  • Regular Income: Lenders want to see that you have a stable source of cash flow to make a repayment.

How to Get Motorcycle Title Loans?

You can complete a motorcycle title loan request in a few simple steps. While many states and lenders may vary in the sequence or have additional processes, here’s an outline of the generally accepted procedure.

Estimate the Worth of Your Motorcycle

You can explore several online resources to determine how much your motorcycle is worth in the current market. This amount influences how much you are eligible to borrow. You can use a title loan calculator to assess the loan amount you may qualify for.

Get Offers from Lenders

Make your application from some reputable online direct lenders or visit some physical car title loan stores. There, you may have to supply important information like your name, contact details, your motorcycle’s model, year of manufacture, and mileage. After reviewing your application, the lenders will get your offers.

Compare Different Offers

Go through the different offers carefully by comparing the interest rates, loan terms, loan amount, etc. If you’re satisfied with one of the offers, you can go ahead to accept it.

Vehicle Inspection

Subsequently, lenders will require you to appear in person with your motorcycle for independent assessment. Others may send a representative to your residence to inspect your vehicle and collect your title documents. In this process, you also sign paperwork for the loan.

Funds Approval

The lender transfers the loan amount to your account while you can continue driving the motorcycle.

Pros and Cons of Getting a Motorcycle Title Loan

No lending option is 100% perfect. So, before taking a shot at title loans, it would help if you weigh the several benefits and demerits. Here’s a quick rundown of what you stand to gain and potentially lose with a motorcycle title loan.


Pawning your motorcycle has several benefits. They include:

You Can Keep Using Your Motorcycle

This type of loan only temporarily transfers your motorcycle title to the lender. In essence, you can continue riding your motorcycle after you have received funding.

Available for Bad Credit

Regardless of your credit history, there are lenders willing to give you a motorcycle title loan. This happens mostly because the loan is a secured loan with your motorcycle serving as collateral. Also, since most lenders require proof of income to assess repayment, your credit score is not a major consideration in your loan application.

Flexible Payment Options

You can pay back your motorcycle title loan by cash, check, e-wallet, or other online payment platforms.

No Prepayment Penalty

Unlike many loans that charge you a prepayment penalty if you complete your payment earlier than agreed, motorcycle title loans online do not have this feature. So, you can make a full repayment as soon as you’re ready, without consequences.

Fast Funding

After signing the agreement with the lender, you may be able to receive your funds as fast as one business day.


Below are some of the main disadvantages of motorcycle title loans.

High-Interest Rates

Lenders typically charge expensive interest rates and fees when you take a motorcycle loan. The APR across a wide range of lenders can be up to 300%.

Legal Limitations in Some States

This loan type is not legal in all states. So, if you’re interested in getting a motorcycle title loan, you may need to find out if it is permissible in your state.

Potential to Trap You in a Cycle of Debt

With its high APR, there is the tendency that many borrowers may not be able to fully repay their motorcycle loans.

Can I Get a Motorcycle Loan through CocoLoan?

Unfortunately, CocoLoan does not partner with lenders that offer motorcycle loans. But don’t be discouraged. There are multiple other lending services available at our company. You can make a request for car title loans, installment loans, personal loans, and payday loans.

Here’s the procedure for submitting your details to apply for alternative loan options at CocoLoan.

  1. Begin your application by filling out an online form. You may be required to supply your personal and financial information. This process takes as little as three minutes.
  2. CocoLoan will automatically send your information to lenders in our network. Afterward, you will get offers from multiple potential lenders. It is always recommended you compare the offers before selecting one.
  3. If you accept one of the offers, sign the agreement with the lender. Depending on the type of loan and lender, you may receive your funds in as little as 24 hours or a few business days.

How Does CocoLoan Compare

default imgWhy Trust CocoLoan?
How much can you get?$50 to $35,000Zero upfront charges
What are the loan terms?1 - 36 monthsEasy repayment
Are credit checks needed?YesMostly soft pulls
Are bad credit accepted?YesAll credit considered
How to apply?Totally onlineSimple and straightforward
Get Started


Can I Apply for Motorcycle Title Loans with Bad Credit?

Yes, you can get a motorcycle loan with a bad credit score. Your motorcycle stands as security for your loan, and lenders typically require proof of income. So, most companies will assess your repayment potential through your collateral and cash flow rather than credit history.

How Much Can I Get with a Motorcycle Title Loan?

Borrowers typically receive anything between $500 to $35,000. Your loan amount depends on the value of your motorcycle. And even at that, many lenders will not give you your motorcycle’s full worth as a loan. Instead, you’ll get a percentage of its total value.

Can I Repay My Motorcycle Title Loans Early?

Absolutely. You can repay your motorcycle title loan before the agreed date without risking a prepayment penalty. This is one of the perks of taking a motorcycle loan as against other credit facilities.

default img
default img
default img

Get an Online Loan with CocoLoan Today!

Except for motorcycle title loans, you can opt for other online loans through CocoLoan easily! Submit your information today and get a loan with a reasonable interest rate!

Try Right Away