Looking for a title loan in Virginia? 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 Virginia, but they are regulated to protect consumers from excessively high interest rates. Apply online or consult us by phone to find the best solution for your financial situation in Virginia.
Regulations
Virginia caps title loan interest rates at 264% APR for loans over $2,500. Loan terms must be clearly outlined for borrowers.
Requirements:
- Vehicle title in your name
- Proof of income
- Government-issued ID
- Proof of residency
Important Considerations
While title loans are legal, Virginia borrowers should still review loan terms carefully to avoid high fees and ensure timely repayment.
FAQ Section
Yes, title loans are legal in Virginia with some interest rate caps.
Interest rates can reach up to 264% APR for loans over $2,500.
Yes, online applications for title loans are available in Virginia.
Statistics about Virginia
| Median Household Income | $80,963 |
| Median Gross Monthly Rent | $1,467 |
| Average Family Size (People) | 3.13 |
| Mortgage Loan (Avg) | $350,000 |
| Auto Loan (Avg) | $33,000 |
| Personal Loan (Avg) | $7,000 |
| Student Loan (Avg) | $37,500 |
