Home > North Carolina

Title loans in North Carolina

Fill in the online form

trust icons


Call us now

Open hours

Mon - Fri:

9am - 7pm
10am - 4pm

Shir Amram

Written by: Shir Amram

Understanding Title Loans in North Carolina

If you're considering a car title loan in North Carolina, it's essential to know that most title loans are illegal in the state.

North Carolina residents cannot apply for these loans anywhere within its boundaries. Despite this, there are still some potential options for obtaining an auto title loan, especially through specific financial institutions that operate outside of the state's strict regulations.

North-Carolina Flag, USA

North Carolina, known as "The Tar Heel State," features a flag with a blue background and a white star above the letters "N" and "C," symbolizing its historical significance during the American Civil War.

So, Is it Still Possible to Get Title Loans in NC?

Important Notice: Yes, residents of North Carolina may still get title loans. While some states, like North Carolina, prohibit car title loans, some lenders are still able to provide them. For example, banks, members of the FDIC who are not regulated by the states, may have title loan programs in certain states.

Alternatively, we may be able to help you find different loan options such as payday or unsecured personal loan. Submit your title loan inquiry through our online form and let us help you. 

What is a Car Title Loan?

A car title loan is a type of secured loan where your title vehicle is used as collateral. When you apply for the loan, you offer your car title as security.

The unique aspect of our loan arrangement is that you can continue to drive and use your vehicle as usual during your loan repayment period while the title is pledged. Additionally, you can get the money on the same day and use it for any purpose you may have. Leverage your car title to obtain up to 50% of its value, even with a bad credit score.

Eligibility Criteria for North Carolina Title Loans

To be eligible for an auto title loan in North Carolina, you need to fulfill certain important criteria:

  • Own your car with its title in your name
  • Show a regular income source
  • Share personal information
  • Provide valid government ID
  • Possibly get your car inspected

These flexible eligibility criteria make title loans in North Carolina an accessible option for a diverse range of borrowers, including those who may not qualify for a traditional bank loan due to credit history or other factors.

Lender Tip:

When considering title loans in North Carolina, it's important to remember that they should be reserved for true emergencies, especially if traditional lending options are unavailable due to poor credit. Title loans provide a quick solution when you're in a bind, but responsible use is key to avoid potential financial challenges down the road.

The Online Application Process for Title Loan in North Carolina

Montana Capital Car Title Loans now offers hassle-free online request form for title loans in North Carolina, eliminating the necessity for in-person store visits during the request process. 

How To Get an Online Title Loan in North Carolina?

Here's the step-by-step process:

  1. Online Application: Begin by completing an online request form, providing your personal details and your vehicle's information, such as make, model, year, and mileage.
  2. Submit Documentation: Share images of your car for evaluation. Capture photos or record a video of your vehicle and submit them online – no need to wait in line. Everything can be done digitally.
  3. Remote Evaluation: The auto title loan agent reviews your application remotely, assessing your car's value, equity, credit history, and confirming your income.
  4. Online Approval: If your application meets the criteria, you'll receive loan approval. The loan amount, determined by your car's value and income, will be communicated to you.
  5. Receive Funds: Choose your preferred method to receive the loan – through direct deposit to your bank account, branch pickup, or MoneyGram at Walmart.

This online title loan process removes the requirement for physical store visits, making it more convenient for applicants in North Carolina. 

However, please be aware that the possibility of obtaining a loan exclusively online depends on individual cases and is subject to the lender's consideration.

Charlotte, North Carolina

How Much Cash Can I Get?

The amount of cash you can get through a title loan, ranging from $100 to $15,000, is largely determined by the value of your vehicle and your capacity to repay the loan.

  1. Value of Your Vehicle- This refers to how much your car, truck, or motorcycle is worth. The higher its market value, the more money you may be able to borrow with a title loan. Lenders typically offer anywhere between 25% and 50% of your car's current market value.
  2. Capacity to Repay The Loan- This assesses whether you have the financial means to pay back the loan. Lenders want to ensure that you can comfortably manage the loan payments based on your income.

Proof of Income

If you aren’t employed, proof of your ability to repay a title loan may vary but could include bank statements or other supporting documents for the following:

Social Security Benefits


Passive Income

Severance Pay

Worker’s Compensation Pay


Trust Fund Income

Cash Settlements

Tax returns

Disability Insurance

Monetary Settlement Ordered by Court

Accessing Your Auto Title Loan Funds

Getting access to the loan funds promptly is vital for borrowers. Receiving your funds is both simple and fast.

Collection Methods

Once your loan is approved and your car title is submitted as confirmation, you have several options to receive your funds, such as:

1. Direct deposit

2. MoneyGram

3. Mailed check

4. Check pickup at a local branch

5. Prepaid or debit card

Make sure to consult with your lender to determine the most suitable method for your specific situation.

Do You Need Credit to Get Approved For a Loan?

While many traditional loans require a good credit score for approval, some types of loans, like car title loans or payday loans, don't rely heavily on your credit history. These loans often consider other factors, such as the value of your collateral (like your car) and your income, to determine eligibility. 

However, it's essential to understand that these types of loans may come with higher interest rates and fees, so it's crucial to carefully consider the terms and your ability to repay before taking out such a loan.

Lender Tip:

When taking out a car title loan, ensure you borrow only what you can comfortably repay to avoid financial strain and potential issues. Assess your repayment capabilities carefully.

Why Aren't Car Title Loans Allowed in NC Like Other States?

Compared to traditional bank loans, car title loans have notably higher interest rates and are usually considered a last-resort financing solution. One significant risk they pose is the potential repossession of the vehicle if the borrower defaults.

To protect its residents from such pitfalls, North Carolina has prohibited these secured loans, deeming them not in the residents' best interest. As a result, such loans should ideally be reserved for emergency scenarios and approached with caution.

Advantages of Choosing Online Title Loans in North Carolina

  1. Flexible Inquiry Process
    Allows individuals with poor credit or alternative income sources to access funds conveniently.
  2. Quick Approval
    Online title loans offer rapid approval, providing quick access to needed funds, especially for emergencies.
  3. Vehicle Use
    Borrowers can continue using their vehicles throughout the loan period, as long as they meet payment obligations. This maintains convenience while receiving financial assistance.
  4. No Prepayment Penalties
    Most lenders do not impose penalties for early repayment, allowing borrowers to clear their debt ahead of schedule and potentially save on interest.
  5. Accessible Customer Support
    Lenders typically offer comprehensive customer support to guide borrowers through the title loan process, answer any questions, and ensure a smooth and successful borrowing experience.

Yates Mill In Raleigh, North Carolina

How Can I Use My Title Loan Funds?

When unexpected expenses catch you off guard, having access to money quickly can be a lifesaver. Not everyone has a hefty savings cushion, which can lead to stress when urgent cash is needed. If you're a resident of North Carolina, considering an auto title loan could offer a swift solution.

Here are some examples of situations where extra funds might come in handy:

  • Covering Rent
  • Dealing with Medical Bills
  • Settling Utility Payments
  • Managing Debt Consolidation
  • Undertaking Home Improvement Projects
  • Taking Care of Veterinary Expenses

Other Money Options in North Carolina

Having a poor credit score can complicate your borrowing options. Lenders may charge higher interest, impose strict terms, offer smaller loan amounts, or even reject your application. However, alternative methods to secure funds exist, including:

1. Personal Loans: These loans are unsecured, meaning they don't require collateral like your car or home. Because there's no collateral, the lender takes on more risk, which often leads to higher interest rates. If you have bad credit, getting approved for these loans can be tough.

2. Credit Cards: A credit card loan allows you to borrow money from your credit card limit and repay it monthly with added interest over a specific period.

These loans are available even if your credit is not great, but they can be expensive and might affect your credit score negatively.

3. Payday Loans: These short-term, high-interest loans offer quick cash without a credit check but can be costly for immediate financial needs.

Comparing Title Loans with Other Bad Credit Loans

If you're facing financial challenges in North Carolina and have bad credit, auto title loans can be a lifeline worth considering. Here's why car title loans in North Carolina can be a better choice compared to payday loans, personal loans, or credit card advances:

  1. Extended Repayment Terms: Payday loans often demand quick repayment within a few weeks, which can be tough when you're strapped for cash. In contrast, title loans offer more extended repayment periods, often stretching to several months. This gives you breathing room to manage your finances better and pay back the loan at a more comfortable pace.
  1. Lower Interest Rates: Title loans typically come with lower interest rates compared to payday loans and credit card advances. While the exact rates can vary, title loans often have annual percentage rates (APRs) that are lower than those associated with payday loans, which can have APRs of 300% or more.

    This means you'll end up paying less in interest over the life of your title loan, reducing the overall cost of your borrowing.
  1. Easier Approval Process: When you have bad credit and limited income, it's challenging to qualify for personal loans or credit card advances, which often require a good credit history and higher income levels.

    Title loans, however, are more accessible. All you need is a qualifying vehicle title, some positive equity in your car, and a steady income source (must not be employed). This simplified approval process means you have a better chance of getting the financial help you need, even in challenging circumstances.

Keeping Your Vehicle During the Title Loan Period

One of the main concerns borrowers might have when considering an auto title loan is whether they can continue driving their vehicle during the loan period. The good news is that as long as you make timely payments and adhere to the loan agreement, you can keep driving your car while repaying the loan.

This feature benefits borrowers by allowing them to continue using their vehicle without the stress of losing their transportation while dealing with financial issues.

Title Loan Repossession

Repossession is when the lender takes your vehicle because you can't make your loan payments as agreed. You can still use your car every day, but it's essential to realize it's the collateral for the loan. If you can't pay back the loan or follow the agreement, you could lose your vehicle. Be aware of the risk of repossession and make sure you can repay your loan on time to keep your vehicle.

Lender Tip:

It's vital to maintain regular communication with your lender and ensure timely payments to avoid repossession. By doing so, you can enjoy the benefits of a title loan while maintaining your mobility and independence.

Finding Reputable Title Loan Lenders in North Carolina

When searching for a trustworthy title loan lender in North Carolina, it's important to consider a few key factors. We are here to guide you through the process of finding a reliable lender who can meet your financial needs.

Here's What You Need To Know:

  1. Credibility Matters: Look for lenders with a solid reputation in the industry. Check for reviews, ratings, and customer testimonials to gauge their reliability.
  2. Transparent Terms: Reputable lenders provide clear and transparent terms, ensuring you understand the loan agreement, interest rates, and repayment options.
  3. Responsive Support: A trustworthy lender offers responsive customer support, addressing your queries promptly and professionally.
  4. Approval Criteria: Understand the approval criteria. While credit history might be checked, there's still a chance for individuals with poor or no credit to qualify.
  5. Convenient Process: Reputable lenders offer 24/7 support for a hassle-free process. Ensuring you can access information when you need it.
  6. Clear Communication: Effective communication is essential. Reputable lenders provide concise and informative content, keeping you well-informed without unnecessary jargon.
  7. Experts in the Field: Look for lenders with expertise in auto title loans. They should be knowledgeable about state regulations, helping you navigate the lending process smoothly.

Remember, the goal is to find a lender that prioritizes your financial well-being and provides valuable assistance. Our focus is on delivering informative content to help you make well-informed decisions.

Frequently Asked Questions

Are Car Title Loans Allowed in North Carolina?

Car title loans are not allowed in North Carolina. This is due to the strict rules in the North Carolina Consumer Finance Act. This act makes sure that loans are fair for people who borrow money.

North Carolina has made these high-interest loans illegal to keep its people safe from unfair lending practices. Companies that give out car title loans can't do business in North Carolina, either in physical stores or on the internet.

Who Makes Sure Title Loans Follow the Rules in North Carolina?

The North Carolina Attorney General's Office oversees title loan lenders in North Carolina. 

To do business legally, these lenders must get a license from the North Carolina Commissioner of Banks. This makes sure they follow the consumer protection guidelines.

Can I Get a Car Title Loan in SC if I Live in NC?

Unfortunately, since you don’t live in SC and your vehicle is not registered there, you cannot get a car title loan in the state of South Carolina. However, you can still apply for a title loan in North Carolina where you reside and your vehicle is registered.

How Do I Get My Title After Paying Off My Car Title Loans?

Once you’ve paid off your car title loan, you can obtain the title by submitting an application for Removal of Lien and Duplicate Title at your local DMV office.

Your lienholder, which is your lender, will also provide an official release of the lien letter which must be submitted with the application.

Payday loans are illegal in North Carolina due to the North Carolina Consumer Finance Act, which has been in effect since 2001.

This makes North Carolina one of the strictest states in terms of payday loan regulations.

Can I Register a Car in NC Without a Title?

No, in North Carolina, a notarized title is required to register a vehicle. If you don't have a title, apply for a duplicate through the NCDMV.


Despite the stringent regulations in North Carolina that prohibit title loans, it's essential to be aware that legal alternatives exist for residents of the state. These alternatives involve out-of-state lenders who offer online applications. You can explore this option to check for pre-approval and receive a loan offer without any obligations from one of these lenders.

Before making a decision, it's advisable to carefully evaluate all your available loan options. We are here to assist you with any questions or concerns, whether through online communication or by phone at 800-700-8900.

Shir Amram

Written by

Shir Amram

Shir Amram is a senior loan officer at Montana Capital Car Title Loans. With over 10 years of experience in the finance industry, Shir has been an asset in her role and has contributed significantly to our company's success, Shir’s academic background in economics and financial knowledge helps us fulfill our education mission as she creates a valuable content to our blog. 

Skip to content