Auto Cash Title Loans LLC
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6856 Midlothian Tpke, Ste 107, Richmond, VA 23225

Answers To Some Frequently Asked Title Loan Questions in Richmond, Virginia


What is a title loan?

It is a loan that uses your automobile as collateral. These types of loans are considered short-term loans, and we charge a flat 15 percent rate.

What do I need to get a title loan?

To obtain a title loan, you need to visit us with:

  • Your vehicle
  • A free and clear VA title (A title with no other liens on it. Also everyone whose name is on the title must be present)
  • A valid VA driver's license
  • Proof of insurance
  • A current pay stub or tax return
  • A current utility bill that shows your address
  • A current rental agreement if you lease, or a mortgage statement if you're a homeowner.

If you have all of this information, you will need to fill out an application and do some paperwork.
Once complete, you'll leave with cash fast. The whole process takes about 30 minutes.

What is a free and clear title?

This is a title that has no lien against it. Everyone who has a name on the title must be present. Keep in mind that it has to be a Virginia title.

How long do I have to pay off my loan?

The first payment is due after 30 days. You have 12 months to pay back your loan but you can always pay it off sooner if you'd prefer.

How much is the interest on my loan?

We usually charge 15% per month. Our Annual Percentage Rate is about 180%.

How much can I borrow?

You can borrow as little as $300.00 and as much as $5,000.00 depending on your automobile and ability to pay back the loan.

What vehicles are accepted?

We accept any non-commercial automobile made in the 1990's or later, but no motorcycles, trailers, or scooters.

What if I'm on disability or receive social security?

Then you would need to bring in your determination letter that shows how much you receive per month.