Title Loan Activity in the 44060 Area
4
Loans Funded
$7,813
Average Loan Amount
2016
Average Vehicle Year
Recent Loans Near 7564 Tyler Blvd
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2020 | Kia | Forte | 70,000 | $5,610 |
| 2023 | Cadillac | Escalade | 38,000 | $20,000 |
| 2013 | GMC | Sierra 1500 | 200,000 | $2,500 |
| 2007 | Chevrolet | Silverado (Classic) 1500 Extended Cab | 110,000 | $3,143 |
Actual loan amounts vary based on vehicle condition, mileage, and state regulations.
Most Common Vehicles
Cadillac ($20,000 avg), Chevrolet ($3,143 avg), GMC ($2,500 avg)
Know Before You Borrow in Ohio
- Interest rate cap: 25% per year
- Loan range: $2,500 to $15,000 (typical; no state maximum)
- Repayment term: Minimum 6 months; no maximum; fixed monthly installments
- Regulated by: Ohio Department of Commerce – Division of Financial Institutions (DFI)
For complete Ohio title loan regulations and consumer protections, visit our full Ohio guide.
Quick Answers About Title Loans in Mentor
Yes. The average vehicle year among borrowers in the 44060 area is 2016. A 2007 Chevrolet Silverado (Classic) 1500 Extended Cab with 110,000 miles recently qualified for $3,143 near Mentor. Your vehicle’s condition and value matter more than its age.
The smallest recent title loan near 44060 was $2,500 for a 2013 GMC Sierra 1500 with 200,000 miles. Across 4 loans in this area, amounts start as low as $2,500. Your loan amount depends on your vehicle’s current market value.
A lien-free title is generally required. The way a title loan works is that the lender records a new lien with the Ohio BMV, which secures their interest during the loan term. If another lienholder is already recorded, the lender cannot take a first-position lien, which is typically required. Once you repay the loan, the lender releases the lien and your title is returned clear.
If you do not have your physical title, you will need a replacement from the Ohio BMV before a title loan can be finalized. You can apply for a duplicate title using Form BMV 3774 at your local BMV title office or online through bmv.ohio.gov. Processing time varies depending on the method you choose.
