Overview

Where does TFC Title Loans do business?

TFC Title Loans is a direct lender based in Los Angeles, CA. It was founded in 1994 and offers access to auto title loans in 3 states across the USA.

What rates does TFC Title Loans charge?

TFC Title Loans offers auto title loans with APRs starting at 20% and up to 90%.

Does TFC Title Loans charge an origination fee?

Yes, TFC Title Loans charges a loan origination fee starting at 1.5% of the loan amount. TFC Title Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does TFC Title Loans charge a late fee?

Yes, TFC Title Loans charges borrowers a late payment fee of up to $15, which is triggered if you're 15 days late.

Does TFC Title Loans charge prepayment fees?

No, TFC Title Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from TFC Title Loans?

Loan amounts start at $2,500 and go up to $50,000.

What is the maximum loan term you can get with TFC Title Loans?

TFC Title Loans offers auto title loans with a maximum term of 44 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with TFC Title Loans?

Applicants with a credit score of at least 300 can apply for a loan via TFC Title Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify for a loan, you must have a clean title of your vehicle. In other words, you must be the undisputed owner of the vehicle. You can't have any liens or levies from creditors or other parties on your vehicle's title. Don't worry, there are other lenders who will consider borrowers who don't have a clean title.

Only U.S. citizens and permanent residents can apply for a loan.

TFC Title Loans will also consider borrowers who are unemployed as long as they have an annual income of $14,400 or higher.TFC Title Loans only considers borrowers who are employed and have an annual income of $14,400 or higher.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Proof of citizenship or residence permit
• Recent pay stubs

• Borrowers must have an active checking account to apply for a loan.
• Active duty servicemembers and their covered dependents cannot apply for a loan via TFC Title Loans. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

What is the estimated funding time for an auto title loan via TFC Title Loans?

TFC Title Loans will typically provide a credit approval decision in less than an hour and fund the loan within 0 and 1 days.