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Title Loans in Florida: Here's Everything You Need to Know

People often say that having a loan is bad. But loans may SAVE your life!

Did your property get damaged, and you do not have the finances for it? Did your household purposes become more expensive, and do you need cash as you speak?

Florida Flag, USA

Florida, known as "The Sunshine State," features a bold and vibrant depiction of its state seal on its flag.


If you need cash fast with faster service than your traditional loaning process, applying for a title loan may be the solution for you!

Read more to find out how to apply for a title loan in Florida!

How to Apply for Florida Title Loans?

Here are the steps to apply for a title loan in Florida! Luckily for you, the process is easy to accomplish!

Step 1: Choose Your Florida Local Loan Agent

Florida has many local loan agents to choose from!

The loan agent should tell you to disclose the information like the original maturity date of your loan, providing acceptable property for the title loan, and any important information on your classic vehicle!

It is always CRUCIAL to know the loan agent you will cooperate with.

Having a scammy loan agent will make you lose more money!

Florida has many different options for you! Make sure those agencies are pre-approved through licensing and choose wisely!

In short, be sure that the one you will apply to is LICENSED and TRUSTWORTHY!

Step 2: Apply Online!

Before you start the loan processing, do your RESEARCH!

Check if your agent has reasonable interest rates, conditions, good customer service, and high-quality services.

It is important to know if your agent is officially licensed to operate in Florida because if not, it is considered an illegal business!

Once you've done your part, give your loan agent a call or a click!

Apply online or call the service you wish to use!

If you have trouble accessing through online purposes and by chance you are using a screen-reader, you can always call the loaning agents through their telephone number provided.

Submit your online application form to your loan agent and wait from there.

Step 3: Submit the Required Documents

Once you have applied, you will be required to submit documents for the loan application.

These documents will require your personal information, basic information, and other needed information for the loan processing.

Always double-check your documents if it contains the correct information! Take note that some lenders may ask for more or fewer documents. Be ready for that!

Having documents with false information will make the process more difficult!

Step 4: Get Your Money!

Once the final approval has been made, you will RECEIVE your money the same day you apply!

The different agencies will give you options on how to receive it.

These methods can vary from direct deposit, automatic payment, hard cash, and others!

If you have any more concerns, the agencies always have their telephone number provided for you to call!

What Is Information Needed to Apply for a Florida Car Title Loan Contract?

When applying for title loans, expect the following vital information to come up and be ready to fill them up!

Vehicle Details

  • Vehicle make
  • Vehicle model
  • Vehicle year, specifically its manufacturing year
  • Vehicle Identification Number (VIN)
  • Vehicle's License Plate Number, if applicable

Vehicle mileage is NOT REQUIRED. However, it is great to know what your vehicle's equity is!

Personal Information

For your information, you should disclose the following.

  • Name
  • Address
  • Birth
  • Social Security Number
  • Bank account details

Terms of Car Title Loans

When applying for a title loan in Florida, take note of the terms of title loans in Miami. You should state the following information.

The Initiation of the Car Title Loan

This indicates when the contract was signed and whether the loan was funded or not.

This is for documentation and recording purposes.

The Amount of Money Borrowed

Also known as the PRINCIPAL, this is the amount borrowed from the agency.

It is the amount you need to pay when the loan hits its maturity date; this includes interest rates.

Maturity Date of the Title Loan

The maturity date is when the loan is scheduled to be paid off in full.

According to Florida laws, the maturity date of loans should be 30 days after signing.

In addition, the law allows an extension to the initial 30-day period. However, this depends on whether the customer and agency will come to an agreement.

What Are the Requirements to Submit for a Florida Title Loan?

Of course, when dealing with government-issued processes like loans, it is ideal for you to PREPARE the required documents and information for the title loan processing to run smoothly.

Here are the requirements to have when applying for title loans!

Government Issued ID

This includes documents like a driver's license, social security card, passport, etc.

The ID is to ensure to your agent that your identity is legitimate and the loan process will go smoothly through the government procedures.

Proof of Residence

These documents include household utility bills, bank statements, mortgage statements, lease agreements, etc.

Be sure to have these with you to help your agent with the zip code matches, location purposes, etc.

Proof of Income

These documents include recent pay stubs, pension, social security account statements, tax records, etc.

This is ESSENTIAL for lenders because this will determine if you are capable of repaying the loan or not.

If you see that you have lower payments than other applicants, you may get your application DENIED.

Showing your proof of income will help your agent determine if you have the capabilities of REPAYING THE LOAN.

Qualifying Title to Classic Vehicle

This requirement is simply identifying that you own the property and its name.

The title will help agents confirm that the model you are loaning is yours and not a different car.

Photos of the Car

The photos of your vehicle are simply for photographic evidence that the vehicle you plan on loaning is truly the property you wish to loan.


How did you know about the lender's agency? Where did you get the information about your car?

Some loan agencies will ask for references, so they know how you found out about the agency.

Other Documents

Although some do not require these documents, it is still important to submit them if the lender wishes more.

This may be requested for clarification purposes and to hasten the loan processing.

How Do Car Title Loans Work in Florida?

The ESSENTIAL part in understanding how title loans work in Florida is reading the Florida Title Loan Act, specifically Chapter 537 to the 33rd statute.

The chapter lays down the foundation on how title loans operate in Florida.

It also provides regulations for lenders and provides the rights of loan customers.

Applying in Florida

If you want to apply for a title loan in Florida, you have to be sure that the loan agent you are applying to is licensed in the state of Florida.

If that loan agent has SEPARATE branches, those branches need to be licensed.

It is important to note that your zip code matches the place you wish to apply for your loan to.

This is CRUCIAL because you are essentially doing illegal business if you participate in a not licensed branch!

It NEVER HURTS to do your research before committing to a loan.

How Do Loan Agencies Determine the Amount of Cash One Receives?

These are 2 factors loan agencies consider when it comes to determining how much you can get. Be sure to go over these thoroughly to ensure you receive your funds smoothly!

Condition of the Property

Many factors determine how much cash you will be receiving.

This includes the vehicle's current condition, the vehicle year, how much money you have, etc.

Once you get the conditional approval from the pending review and final approval overall, you will know how much you will be receiving!

Note that vehicles are NOT THE ONLY PROPERTY you can loan for in title loans!

You may give whatever property you wish to give as long as you are providing acceptable property and it is pre-approved to be used as the loaning instrument.

Capabilities of the Loaner to Pay

During the loan processing, if you can demonstrate the ability to repay the loan, the money you will receive can be higher than usual!

Pros and Cons of Title Loans

Let's take a look at some benefits and drawbacks of securing title loans.

Pros of Title Loans

Here are the advantages of applying for title loans!

While having debt may seem bad for many people, it never hurts to always have cash with you to pay for the important things like bills!

  • You can apply ONLINE, which means faster service, faster wait time, funding time on the same day, and it is available on ANY BUSINESS DAY.
  • Title loan cash is transferred to your bank account via MANY METHODS like direct deposit, automatic payment, etc.
  • Funding time is done on the SAME BUSINESS DAY you applied!
  • The processing has a fast wait time and an even faster service.
  • You will get your money the same business day you applied for the title loan.
  • You can borrow ANY AMOUNT, no matter how much cash you need!

Cons of Title Loans

While having money as fast as possible sounds amazing, it always has drawbacks. Here are the disadvantages of applying for title loans!

  • You have to give your property to the agency, meaning it will not be in your possession under the loan.
  • You have to pay at the original maturity date of the loan, or else you will pay additional charges.
  • Title loans have HIGHER INTEREST RATES than your average loans.
  • Having an existing title loan may coincide with your other loans, causing MORE CHARGES.
  • If you DO NOT demonstrate the ability to pay for your loan, you will be DENIED title loans.

Frequently Asked Questions (FAQs)

Here are some of the most often FAQs. If the article did not provide enough information for you, hopefully, this section of the article will!

How Much Money Can I Get By Applying for a Title Loan?

The general rule for a car title loan is that it can be approved for a loan of $2,600 to $20,000.

This depends on what kind of vehicle you have, meaning that your vehicle will have a different value from a different car depending on its model and other factors.

The process upon completion requires a conditional approval that is given a pending review to examine the property loaned, the money of the customer, and other factors that are not stated.

After this, only then will the money be finalized and have value.

Can I Get Denied When Applying for a Title Loan?

Yes, you can get denied when applying for title loans.

These are the factors that may have contributed to why you may have been denied.

Vehicle Value Is Not Enough

The property you want to give may not have a good value for a loan.

It may be too old, too damaged, or it lost its value due to heavy usage.

If you plan on loaning property, ensure it is properly maintained so that the loaning agency will recognize its value and not give damaged property.

Problematic Car Title

A problematic title focuses more on the DAMAGES AND OWNERSHIP of the property.

Your local agency may not accept your property because the ownership rights and process may not have been properly processed, causing a problematic title.

Ensure that your property has proper ownership rights and processes and is maintained.

Inability to Repay

You MUST have the ability to pay the money you borrowed from the loaning process.

If your loaning agents see that you cannot repay the money, they will deny you.

Before applying, you need to have the capacity to pay with interest in the long run!

Loaning agents will not give you their services if you cannot pay them back.

Recovering From a Denied Title Loan Application

This gives agents the impression that you may have failed on certain factors in the application process that will force them to think about whether or not they should accept you or not.

As much as possible, give the agency property that is in good faith, capabilities of paying back, and having proper ownership rights over your property.

What Is the Difference between Car Title Loans and Auto Title Loans?

A car title loan is a loan that uses your property as collateral, and it comes with a higher interest rate than your typical bank or other factors that use an interest rate.

These are typically PAID WITHIN 15-30 days, depending on what is agreed upon.

These are usually used by people that want a quick buck.

Meanwhile, an auto title loan is for customers that want to buy a car with not enough cash at hand. 

These are paid longer since these products are FAR MORE EXPENSIVE to pay back. On average, one pays the amount in around 69 months, depending on what's agreed upon.

Do Credit Scores Matter When Applying for a Title Loan?

It is both GOOD and BAD that credit scores do not impact title loans.

It is a good thing because if you have a poor credit score, it prevents you from getting anything from the bank.

It is a bad thing because applying for title loans WILL NOT help improve your credit score if you have a good credit score.

In short, it is still important to take note of your credit scores!

One day, it might bite you in the ass!

What Can I Use My Title Loan Proceeds For?

Once your money has been transferred via direct deposit, automatic payment, and others, you can use it to whatever suits your needs!

Personal Use

We HIGHLY RECOMMEND that your loan proceeds be intended primarily for essential expenses like household purposes, personal purposes, and family purposes.

If you need any essentials to pay and do not have enough to pay them off, use the title loans to pay those immediately!

Paying Urgent Expenses

Have your taxes and bills piled up to the point that you cannot pay them anymore?

Use the proceeds to pay them off!

However, do not DEPEND on this method because the interest rate will make you pay more than you earn.

An average lender's recommendation is to pay early to avoid more financial charges.


Overall, title loans are a GREAT WAY to get some cash IMMEDIATELY.

Florida has many loan agencies to choose from if you want to apply for one!

Just keep in mind that applying for a loan like a car title loan requires you to pay back that loan in a certain amount of time, and that interest is involved in it.

It takes only a short amount of time to apply! If you're using a screen reader or do not have internet, give your local loan agency a call!

What are you waiting for?

If you need the money now, apply online or give your local loan agency a quick call! The funds will be in your bank account in a heartbeat!

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