Looking for a title loan in South Carolina? 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 legal in South Carolina, though they come with high interest rates and short repayment terms. Borrowers should carefully review loan conditions. Apply online or consult us by phone to find the best solution for your financial situation in South Carolina.
Regulations
South Carolina does not cap title loan interest rates, allowing APRs that can exceed 300%. Loans are generally short-term.
Requirements:
- Vehicle title in your name
- Proof of income
- Government-issued ID
- Proof of residency
Important Considerations
Borrowers should be cautious about high interest rates and the risk of vehicle repossession if the loan is not repaid.
FAQ Section
Yes, title loans are legal in South Carolina.
There is no cap, and APRs can exceed 300%.
Yes, online applications for title loans are available in South Carolina.
Statistics about South Carolina
| Median Household Income | $61,513 |
| Median Gross Monthly Rent | $1,001 |
| Average Family Size (People) | 3.19 |
| Mortgage Loan (Avg) | $245,000 |
| Auto Loan (Avg) | $26,000 |
| Personal Loan (Avg) | $6,000 |
| Student Loan (Avg) | $36,500 |
