Looking for a title loan in Maryland? Whether you're looking for secured loans or flexible payment terms, it's important to understand local lending laws and explore your options. Title loans are not legal in Maryland due to state regulations on high-interest loans. Residents must seek alternative loan options. Apply online or consult us by phone to find the best solution for your financial situation in Maryland.
Regulations
Maryland law caps interest rates at 24%, making traditional title loans illegal. Other loan products with lower interest rates are available.
Requirements:
- Vehicle title in your name
- Proof of income
- Government-issued ID
- Proof of residency
Important Considerations
With title loans prohibited, Maryland residents should explore personal or secured loans with more favorable terms.
FAQ Section
No, title loans are prohibited in Maryland.
Interest rates are capped at 24% APR.
Yes, personal loans are available online, but title loans are not legal.
Statistics about Maryland
| Median Household Income | $94,384 |
| Median Gross Monthly Rent | $1,105 |
| Average Family Size (People) | 3.21 |
| Mortgage Loan (Avg) | $400,000 |
| Auto Loan (Avg) | $35,000 |
| Personal Loan (Avg) | $7,200 |
| Student Loan (Avg) | $40,500 |
