We offer car title loans, and there’s often no inspection required!


Are you looking to borrow cash using the equity in your vehicle? Premier Title Loans offers same day approval for your vehicle's collateral and there are very few credit requirements. Apply online and get a funding decision in less than an hour.

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    How Auto Title Loans Work In Maryland & What’s Required

    The main requirement for a car title loan in Maryland is a clear title on your vehicle. That means you can’t have any outstanding liens or cosigners on the car’s title, and the pink slip needs to be in your possession. Other lesser requirements may include a request for proof that you have a job and make enough monthly to afford the payments. You may need to provide a bank account with direct deposit and a valid ID.

    For higher loan amounts, you will also need proof that the car is registered in MD and has an active insurance policy with full coverage in case the car’s in an accident or stolen. Lastly, the car must undergo a brief vehicle inspection to ensure it’s worth the current resale value and has no significant damage or engine issues that would lower the value.


    Maryland Title Loans With Bad Credit

    Car title loans are possible for someone with poor credit or no borrowing history because the vehicle’s value is used to secure the loan, not your credit history. As long as you show that you make enough income each month to afford the payments comfortably, most Maryland title loan lenders will work with you regardless of your past credit mistakes or issues with a bankruptcy or loan default.

    Additionally, car title loans are a great way to rebuild your credit score by making all your timely payments. Some larger title loan lending companies will report your monthly payments to the credit bureaus. That means if you make the payments on time, you can see some improvements in your score.


    Washington Monument Statue in Baltimore MD.


    Loan Amounts With A Maryland Title Loan

    Generally speaking, most title pawning companies allow you to borrow up to $5,000 if your car is worth that much or more. A few title loan companies may lend you more depending on your ability to repay and other factors, but $5,000 is the maximum amount most borrowers will get. Again, it depends on the vehicle’s resale value in terms of minimum loan amounts, but the floor for lending amounts tends to start at $400 and go up from there.


    What Else To Know About Maryland Title Loans

    A common question we get from people is whether or not they can keep their vehicle or does the lender hold their car as collateral. You can keep and drive your vehicle as usual while making the payments. The only time the lender would ever take possession of your vehicle is if you default on the loan and fail to make payments for an extended period.

    Another perk of vehicle equity loans is that you won’t be hit with early payoff fees if you pay the total amount early. If you come into some extra money or want to avoid the additional finance charge, it makes sense to get out of the debt without any consequences from the original lender.

    Finally, online title loans are a great way to get quick cash without going through a lengthy approval process like a bank loan, credit union, or traditional lending institution. As long as your car is paid off, getting you funded should be no trouble!


    How To Get A Vehicle Title Loan In Maryland

    Getting a title loan in Maryland is easy if you know what’s required and where to look. Are you interested in applying online or with a local finance company in Baltimore? You’re in good shape for those living in larger metro areas like Baltimore because there are countless equity lenders. However, even if you don’t live in or around Charm City, title loan companies will fund your loan request if the vehicle is brought into one of their physical locations for a brief inspection. You have all of the proper documentation.

    Even though anyone can apply in person, the more popular approach has often been applying online. This is quicker and easier because you can complete the entire process from home. Applicants also have the choice to complete the entire application online with Premier Title Loans and then pick up their funds within an hour or two at any direct lending location in Baltimore or Columbia, MD. Compare this timeframe to what’s typical for a bank transfer by ACH that takes 1-2 days or funds disbursement from a bank or installment lender in Maryland that takes upwards of a week!