Unlock the Potential of Your Vehicle in Michigan

Your automobile can be instrumental in securing the funds you need! Here at LoanCenter, we leverage your car as collateral, assuring the loan’s security. Using your vehicle as collateral doesn’t mean you’ll lose your driving privileges. As long as you stay up-to-date with monthly payments, you’ll maintain car ownership. Moreover, punctual payments positively reflect on your credit bureau score.

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Understanding Title Loans in the Great Lakes State

Credit score isn’t the be-all and end-all for loan eligibility, making title loans an excellent option for those with less-than-perfect credit ratings. If you own a vehicle, can prove income, and demonstrate an ability to repay, you may be eligible for a car title loan.

Here’s how it works:

We consider your car’s value to figure out your borrowing capacity.

By utilizing your vehicle as collateral

you retain ownership and could potentially enhance your credit score!

What Is a Car Title Loan?

Unveiling Car Title Loans

Most loans operate similarly. A lender scrutinizes your credit score, financial history, existing debts, and employment records to gauge if you’re a trustworthy borrower. If approved, the lender extends the funds for a specific purpose.

Conversely, car title loans grant you the freedom to spend the cash as you see fit. Unlike traditional loans, car title loans primarily depend on the value of your automobile rather than entirely relying on your financial history.

Benefits of a LoanCenter Title Loan

Benefits of Securing a LoanCenter Title Loan in Michigan

At LoanCenter, we focus on the broader financial picture of a borrower. Good credit, bad credit, we strive to make loans accessible to all. Being a Michigan resident, you are eligible for exclusive benefits such as:

  • Easy qualification process as your vehicle acts as loan security.
  • Quick application process ensuring rapid money disbursal.
  • Competitive rates, often lower than what rivals offer.

Whether it’s a financial emergency or you need a bit of extra cash, Loan Center is your reliable provider in Michigan. Reach out to us today and learn more about our offerings. We aim to surpass our competition by offering the best rates. Allow us to help you put your vehicle to productive use.

Our Auto Loan Process

You may be eligible to borrow money against the equity in your car. With a car title loan, you can borrow cash by applying for a title loan. If you accept your loan offer, you will be approved for a title loan. Finding out how much you qualify for is fast, easy, and free! Find out how much you can borrow by submitting your loan application.


Get Pre-Qualified

Fill out the form or call us at (866) 553-3840


See Your Offers

Let one of our LoanCenter Loan Officers show you how much you qualify for.


Submit Docs

Submit all your documents and finalize your loan paperwork


Get Your Cash!

Receive your cash—it’s
really that easy!

Accelerate Your Cash Approval Process

To expedite your approval process:

  • Provide accurate documents about your vehicle.
  • Submit all necessary documentation alongside your application.
  • Typically, proof of identification, vehicle title, and evidence of income are required.

Our loan officers will contact you once your information is received. Alternatively, you can call us toll-free at (866) 553-3840 to find out your borrowing eligibility. If you’re happy with the loan amount and wish to proceed with the car title loan application, your loan officer will guide you through the remaining paperwork. Engage in a discussion with a LoanCenter representative to understand the necessary documents needed. Begin assembling these documents now for a seamless application submission. Our team aims to review and make a credit decision on your car title loan application as swiftly as possible.

If you want to find the LoanCenter closest to you, try using our Licensed Partner Locations tool today.


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What to know more?

Here are some of the articles we’ve written to make things a little easier to understand.

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Michigan Loan FAQs

What is a Michigan Title Loan?

A Michigan Title Loan is a short-term, high-interest loan that uses the title of your vehicle as collateral. It’s a way to access fast cash, generally in a matter of hours or days.

Are title loans legal in Michigan?

Yes, title loans are legal in Michigan, and the state law imposes no cap on interest rates, except for those in excess of 25%

How does a Michigan Title Loan work?

Michigan Title Loans work by allowing you to borrow against the value of your vehicle. The lender becomes the lienholder on the car’s title until the loan is paid off.

What do I need to apply for a Michigan Title Loan?

You need a clear title of your vehicle, a government-issued ID, proof of income, and sometimes proof of residence.

How old do I have to be to apply for a Michigan Title Loan?

You must be at least 18 years old to apply for a Michigan Title Loan.

Can I get a title loan in Michigan without a job?

Some lenders may offer title loans even if you don’t have a traditional job, as long as you can provide proof of a steady income source.

How much can I borrow with a Michigan Title Loan?

The amount you can borrow depends on the value of your vehicle and your ability to repay, but typically ranges from a few hundred to several thousand dollars.

Does my car need to be paid off to get a Michigan Title Loan?

Yes, typically your car has to be paid off, and you must hold the title to be eligible for a title loan.

Do I lose access to my vehicle during the loan period?

No, you retain the use of your vehicle during the loan period.

What happens if I can’t pay back my title loan?

If you fail to repay your title loan, the lender has the legal right to repossess and sell your vehicle to recover the loan amount.

How quickly can I get a Michigan Title Loan?

The process can often be completed within a few hours or by the next business day.

Can I get a Michigan Title Loan with bad credit?

Yes, since the loan is secured with your vehicle, your credit history is less of a factor.

Can I pay off my title loan early?

Yes, most lenders allow you to pay off the loan early without a pre-payment penalty.

How many title loans can I have at once in Michigan?

Michigan law only allows one title loan per vehicle at a time.

Can I refinance a title loan in Michigan?

Yes, depending on the lender, you can refinance a title loan if you’re struggling to make payments.

Will a title loan impact my credit score?

Generally, title loans aren’t reported to the credit bureaus so they won’t impact your score unless you default and it’s sent to collections.

How long do I have to pay back my title loan?

Typically, title loans must be repaid within a 30 day period, but terms can vary.

What if my vehicle’s title isn’t in my name?

You might not be eligible for a title loan if the vehicle’s title isn’t in your name.

Can I get a title loan on a salvage title in Michigan?

Most lenders in Michigan do not offer title loans on vehicles with a salvage title.

Can I get a title loan online in Michigan?

Yes, some lenders offer online applications for title loans in Michigan.


What is a car title loan?

A car title loan is a personal loan that is secured by the borrower’s vehicle. The loan amount is based upon the vehicle’s value and the borrower’s ability to repay, making your credit score a less important factor. The borrower gets to keep driving the car while the loan is outstanding.

What do I need in order to get approved for a car title loan?

The amount you are approved for will depend on several factors, including:

  • Your Car’s Value
  • State Laws
  • Your Income
  • Type of Vehicle

How much does my car have to be worth?

In general, the car needs to be worth more than the amount of money you borrow. It takes only a few minutes to find out how much you can borrow, and there is no charge and no obligation to find out.

Can I get a car title loan if someone else’s name is on the title with mine?

Yes. We can offer a loan if more than one name is on the vehicle’s title.

Can I get a car title loan if I cannot find the title to my car?

Yes. We may offer a loan if you have lost or misplaced the vehicle’s title.

Do I get to drive my car while the loan is outstanding?

Absolutely! One of the benefits of a car title loan is that you can keep driving your car while the loan is outstanding.

What is the cost of my credit going to be?

The interest rates vary depending on the state of residency of the borrower, creditworthiness, collateral, and the terms agreed to. The annual interest rates vary between 34.99% and 157.99%. For a typical loan of $4,000 with an 80% annual percentage rate and a 24-month term, the monthly payment is $338.61, the total scheduled interest is $4,126.87, and the total of payments is $8,126.64. The interest on the loan may vary depending upon the timing of the payments made.

For Utah residents only please click here to see our Utah Fee Schedule.

For Missouri residents only please click here to see our Missouri Fee Schedule .

Is it possible to have a co-signer on my car title loan?

Yes. You can have a co-signer on your car title loan. The co-signer will need to sign a credit application and provide identification, proof of residence, and proof of income. We keep all non-public personal data private and will not let the borrower see the co-signer’s data and vice versa.

For more questions and answers, head to our Frequently Asked Questions page.

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