Title Loan Activity in the 23502 Area
4
Loans Funded
$3,415
Average Loan Amount
2014
Average Vehicle Year
Recent Loans Near 6106 E Virginia Beach Blvd
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2014 | Jeep | Cherokee | 67,000 | $2,471 |
| 2015 | Honda | Pilot | 205,000 | $3,289 |
| 2011 | Ford | F150 | 100,000 | $5,500 |
| 2016 | Chrysler | Town & Country | 15,000 | $2,400 |
Actual loan amounts vary based on vehicle condition, mileage, and state regulations.
Most Common Vehicles
Chrysler ($2,400 avg), Ford ($5,500 avg), Honda ($3,289 avg)
Know Before You Borrow in Virginia
- Interest rate cap: 36% per year interest plus optional monthly maintenance fee up to $15/month
- Loan range: Up to $2,500 (no minimum)
- Repayment term: 6 to 24 months
- Regulated by: Virginia State Corporation Commission (SCC) – Bureau of Financial Institutions
For complete Virginia title loan regulations and consumer protections, visit our full Virginia guide.
Quick Answers About Title Loans in Norfolk
Yes. The average vehicle year among borrowers in the 23502 area is 2014. A 2015 Honda Pilot with 205,000 miles recently qualified for $3,289 near Norfolk. Your vehicle’s condition and value matter more than its age.
The smallest recent title loan near 23502 was $2,400 for a 2016 Chrysler Town & Country with 15,000 miles. Across 4 loans in this area, amounts start as low as $2,400. Your loan amount depends on your vehicle’s current market value.
Virginia title loan costs are higher than most other borrowing options even with the 36% annual cap. Personal loans from banks and credit unions typically cost less. Understanding the full cost, including all fees shown in your written contract, before signing is essential.
If you default on your title loan in Norfolk, you could lose your vehicle. In Virginia, the lender must give at least 10 days’ written notice before selling the car and allow you time to catch up. If the car sells for more than you owe, the surplus must be returned to you. Contact your lender early if you think you may miss a payment.