Use our Calculator to See Monthly Payments on your Title Loan
Our car title loan calculator will tell you what you can expect for your payments. Just pop in your requested Loan Amount and Interest rate. This is good to do before you begin the application process is to get an idea of how much your payments might be based on the amount you’re borrowing as well as the interest rate at which you’re borrowing.
What Was That About an Interest Rate That Decreases Over Time?
We have lenders who, with each payment, your interest rate AND PAYMENT decreases and if need to get a car title loan in the future, you would qualify for the rate you were not, not the one which you started.
Max Cash Title Loans brokers title loans across the entire United States. To see if your city is eligible for a loan that offers an interest rate that drops every month after every on-time payment, contact a professional and friendly Max Cash Title Loans representative toll-free at (855) 561-5626. Our team of highly experienced loan processors are standing by and are available to talk, text, and/or chat 7 days a week.
3 Simple Steps to Calculate Title Loans
Step 1: Estimate How Much You Want to Borrow
The amount of money you borrow plays a huge role in calculating how much you’ll be paying. Max Cash Title Loans can help find you loans from $500 up to $50,000.
Step 2: Choose a Time frame for Paying Back Your Loan
It’s always better to pay back your title loan as soon as possible. The longer the term, the more you’ll end up paying for interest. Max Cash Title Loans deals loans that offer up to 3 years to pay back. Simply figure out the maximum amount of months you’re comfortable making payments for and then plug them into the calculator.
Step 3: Find an Annual Interest Rate
Having an interest rate in mind is key to getting a clearer idea of how much your monthly payments may end up being. Title loan interest rates typically range from as low as 32% up to 300% and in some cases even 400%. A good average to use for Max Cash Title Loans would be around 90%.
Also, when figuring an interest rate into your calculation, a good rule of thumb is to try to use higher percentages. If you do this, you’ll have a greater chance of being pleasantly surprised if and when your title loan is approved4 and your monthly payments are lower than you expected them to be.
Car Title Loan Calculator
Enter the values for:
- Loan Amount
- Number of Payments
- Annual Interest Rate
The Benefits of Using Our Title Loan Calculator
Using our title loan calculator will give you peace of mind before you apply for a title loan. It can be confusing when loan processors start speaking numbers. The title loan calculator allows you to take your time to decide on what a good loan amount would be for you. Max Cash Title Loans wants you to be comfortable with your title loan. We work for you and never the lender. So, your financial well-being is always what is most important to us.
Here are a few reasons why using our title loan calculator is a good idea:
- Gives insight into monthly payments
- Allows you to compare loans from various lenders
- Breaks down your balance and payment information by months
- Reveals the total loan amount that you could be paying in the end
- Offers you peace of mind before beginning the application process
Title Loan Calculators Save You Time and Money
Knowing what you’re getting into before you get into it can greatly help you save time. Borrowing money is a serious business and people often jump into it without knowing exactly what it is they are agreeing to. Mapping out a loan term and how much you want to borrow, allows you to put yourself in an advantageous position. You can budget based on how much you have saved, how much monthly income you receive, and how much you’re comfortable borrowing and paying.
Max Cash Title Loans offers an experience like no other when it comes to finding the right title loan for each customer. We understand that for many people, taking out a title loan can be a bit confusing – scary even. That’s why we have these two resources on our site to help you navigate your way through the process:
More on Calculating Interest Rates
Interest rates are perhaps the most confusing aspect of figuring out how much you’re going to pay. Most title loans have a fixed interest rate while others have an interest rate that reduces after every monthly on-time payment (more on this later).
The title loan calculator makes it easy to figure out how much everything will cost, however, one of the biggest factors behind a title loan balance is the amount of interest being accrued. You want to choose an interest rate that is realistic for a title loan. This is roughly an annual interest rate of between 36% all the way up as high as 400%. Considering the average interest rate Max Cash Title Loans brokers is approximately 175%, you’ll want to at least start there. Though it is advisable to start with a higher number, as it is better to overestimate how much you’ll be required to pay than to underestimate it.
Want More Details on That Unique Loan Option?
- Some loans have Payments that reduce every month as the interest rate drops after every on-time monthly payment
- Final payments could be 50% less from where they began!2
- Up to 3 years to pay off the loan balance3
- Borrow more money at your current interest rate1,2
- Potentially increase your credit score as on-time payments are made!
- No need for an in-person vehicle inspection
- Provide a few simple documents and upload online
- No Hidden Fees!
Now You’re Ready to Apply
You figured out how much you’re comfortable borrowing, at what annual percentage rate, and the desired duration of your loan, now you’re ready for the next step: it’s time to apply.
Fortunately for you, the process of applying for a title loan through Max Cash Title Loans is simple and painless. All you have to do is gather some basic information about your car such as the year, make, model, and mileage, then apply with our super easy and convenient online application form. You’ll also need to provide a little of personal information to get things started.
You can get completely preapproved and secured a loan in no time at all! Live representatives are available to talk, chat, and even text!
Common Requirements to Get Title Loans
- Possession of a driver’s license from your state
- Possession of the car’s title, registration, and insurance
- Proof of residency
- Proof of income
- Possession of a Social Security card or Tax ID number
- A few references
Need More Information on How Title Loans Work?
The process of getting a title loan can seem confusing at first. Max Cash Title Loans offers this complete step-by-step guide that covers how title loans work. Also, take a look at our frequently asked questions to see if we can better assist you!
Max Cash Title Loans Cares About Your Financial Well-Being
Max Cash Title Loans works for you and never the lender. When it comes to finding you the most affordable title loans in your area, you won’t find a more professional service than the one Max Cash offers.
We provide this title loan calculator as a first step for getting a title loan because we understand the importance of keeping one’s finances in balance. It’s a good idea for you to understand how your income, the value of your car, and the amount you’re comfortable paying for a title loan, so you make the best decision possible. Max Cash Title Loans wants to help you out with making that decision by providing top-notch quality service.
Max Cash Title Loans trains our employees by helping them understand all the risks and rewards of getting a title loan, and we want them to give that knowledge back to the customer. Our staff is not only knowledgeable, however, they are also friendly and professional. You can trust working alongside our experienced loan processors as they assist you in finding a title loan that not only gets you the money you need fast but also helps you get your finances back on a healthy and safe track.
Max Cash Title Loans is fast, secure, and convenient. Sometimes life throws you lemons. And when making lemonade doesn’t help matters, you need an affordable loan that is not only convenient but also helps you reestablish your financial stability. With all these benefits, you can be certain that you’re getting the best deal possible on a title loan.
Even if you have bad or no credit, Max Cash Title Loans has your back. Thousands of satisfied customers agree that when it comes to finding the best title loans, Max Cash cannot be beat.