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Premier Title Loans – Title Loan Calculator

Our Title Loan Calculator – Explained

Don’t waste time figuring out how much you will pay with a title loan! There’s a lot to break down regarding a title loan’s monthly payments, APR, and repayment terms. You can pay thousands more than planned if you’re off by even a tiny amount. Besides worrying about getting the monthly payments or APR wrong, you’ll miss a clear snapshot of how much you’ll pay on your title loan! Our title loan calculator is designed to break down your monthly payment obligation and the expected interest rate for any title loan offer.

To use the Premier Title Loans calculator, enter the approximate resale value of your vehicle. You also want to know the amount you plan to borrow and what type of monthly payment you can afford. You can get estimated costs and payoff times by entering this essential information. Not only that, but you can also figure out how much you’ll save by making extra payments monthly and what the total loan payoff would be if you made early payments to repay the loan in full!

Features Of Our Car Title Loan Estimate Calculator

In addition to the vehicle’s resale value, you will be asked a few more personal questions to help estimate costs, options, and payoff time. Each calculation will differ; an accurate amount depends on a lender’s correct numbers. Even being off by a few interest rates or months can dramatically change a quote and lead you to pay more than you should have with a typical car title loan.

These calculators are great tools when shopping for the best rates and terms for a no inspection title loan. The estimated payoff time and principal are all based on the information you have entered in the calculator.

No more waiting days or even weeks for the company’s agent or representative to provide you with details on the loan terms. A title loan calculator affords you a quick snapshot of what to expect from that lender, and in most cases, we can deliver a detailed quote in less than a minute.

Do you want a more personal evaluation of your secured lending options? While some customers appreciate being able to get an estimate in minutes, we also offer phone consultations that provide a detailed breakdown of your title loan payoff terms. Call Premier Title Loans at 800-250-6279 to get a personalized title loan quote today!

Calculate Your Monthly Payment & Early Payoff With An Interest Calculator

You can do more with an interest calculator than get an initial quote. You can also estimate how much you’ll end up paying in interest and other fees over the life of the loan. Some customers will even use a title loan calculator to show the interest savings of getting a loan with different interest rates. Others want to see if it makes sense to refinance an existing loan with a lower monthly payment and reduced interest rate. You’d be surprised how much money you can save with a lower APR!

Use our interest calculator as a helpful tool in managing your finances, but never rely on the title loan estimate and quoted monthly payments to make a final lending decision. When it comes to the final interest rates and loan amounts with a title loan, those numbers will be spelled out in your loan contract.

How To Use A Title Loan Interest Calculator

Anyone interested in applying for an online title loan can and should use an online interest and payment calculator to determine what they’re getting into. The interest rates and payoff times of most title loan companies vary widely, depending on state regulations and other factors. By getting

Use a car title loan calculator as a backup plan for finding the best rate and terms in your search. Remember that you also need to consider the compounding interest payments and whether you plan to make extra monthly payments. Auto title loan calculators are a great source to help you better understand what you can expect before you call a company and make an appointment to meet with a lender near you.

Different Factors To Consider In Title Loan Calculations

You may think the only thing to consider with a title loan calculator is your monthly payment and interest rate. While those are the most important parts of a title loan, there are a few more factors to consider when calculating your loan.

First, start by checking for any applicable fees that can be charged on your title loan. The most common fees include late and application fees, but you can also expect administrative and early payoff fees in some scenarios.

Additional variables that can change the calculations on a title loan include consumer demand and market conditions. Lending conditions differ in all states, and some lenders aren’t willing to offer loans they may have funded just a few months ago. Also, the Federal Funds rate has been increasing over the past few years, and that will only make your loan more expensive as rates continue to rise.

Other factors influencing your title loan calculations include your credit score and whether you want to refinance an existing loan. While your credit score isn’t a critical underwriting factor, we still look for any major credit issues. Things like bankruptcy or repossession could raise your APR. With a title loan refinance, we may be able to offer a lower interest rate if you can show proof that you’ve made on-time payments on your existing loan.

Examples Of Payment Terms And Value Estimates With Our Title Loan Calculator

You probably already know you have a decent chance of qualifying for a title loan with a vehicle that’s paid off. But your loan amount and payoff terms typically depend on the vehicle’s value. With our title loan calculator, you can use our vehicle value estimator to get a better idea of how much your car or truck is worth when used for a title loan.

In most states, you can borrow around 50% of the vehicle’s value with a title loan, meaning a car worth $17,000 can lead to a loan amount of around $8,5000.  For example, if you applied for an online title loan in California using a 2018 Chevy Silverado as collateral, you should be able to borrow around $10,000. That’s because most Chevy trucks maintain their value for longer than other vehicles, and you should be able to cash out 50% or more of the truck’s value.

Use our vehicle value estimator in conjunction with our title loan calculator to get a detailed estimate of your lending terms and payment options!

 What’s The Process To Get A Title Loan After Using Our Calculator

Getting a title loan with Premier Title Loans is easier than ever, and it helps you know what interest and other fees you’ll pay before you apply.

Once ready to apply, you can use the Premier Title Loans application online or call us at 800-250-6279 to start the underwriting over the phone. You can get approved for a title loan up to $25,000 regardless of your credit history, and most applicants are pre-qualifed if they have a vehicle worth $2,000 or more that will be used as collateral. Other requirements include proof of income, verification of your ID and residency, and verification of your income.

While each loan amount and repayment term is different, a title loan is determined by the vehicle’s value and your debt to income ratio. If you have a car with a resale value of $6,000 and a debt-to-income rate of 30%, you can qualify for a title loan. Because of these differences in resale values and income amounts, it’s best first to understand the terms to expect with a secured loan. Use our title loan calculator to see how much you can borrow from a lender in your state!