Here are some answers to Rapid Auto Loans most frequently asked questions.

What is an Auto Title Loan?

In a nutshell, an auto title loan is different from other types of debt because it uses the vehicle as collateral. Auto title loans are offered by car title lenders who offer financing options for those in need of emergency cash. The main difference between a traditional payday or installment loan and an auto title loan is the fact that we use your vehicle as collateral in exchange for the advance funds from a lender. We don't look at your income, debt, or credit score to provide this lending service.

What is Required to Get an Auto Title Loan?

You need your driver's license to apply for an auto title loan. We conduct a title search to verify that no liens have been filed against the vehicle before we proceed with an auto title loan. Additionally, we will need proof of insurance on your car to ensure it is adequately insured while in our possession.

What If I Own the Vehicle with Someone Else?

You can still apply for a title loan if you own the vehicle with someone else. If you own a car with someone, then the co-owner would also need to sign off on the loan in most situations. Contact Rapid Auto Loans to learn more about how the auto loan process would work in your unique situation. We can answer any questions that you might have about the approval requirements.

How Much Can I Borrow?

The amount of money you can borrow depends on the value of your car. You should know that the value of your vehicle is how much you could potentially get as a loan from us. In most states, the limit for car title loans is $10,000.

How Long Does It Take to be Approved for an Auto Title Loan?

It usually takes around 30 minutes to get approved for an auto title loan. You can start the loan process online from the comfort of your own home.

Can Self Employed People Get Approved for Auto Title Loans?

Yes, we will approve you for a loan if you are self-employed. Auto loans are based on the value of your vehicle, not your business.

Can Unemployed People Get Approved for Auto Title Loans?

Yes, we can approve you for an auto title loan if you are unemployed. Auto loans are based on the value of your vehicle, not your working status.

Are There Prepayment Penalties?

No, there is no prepayment penalty for auto title loans. When you pay off your loan early, we will close out your loan with no strings attached.

What Payment Methods are Accepted?

We accept many methods of payments including debit, bank draft, and cash at an authorized location. Payments can be made online, with a representative, at any Walmart MoneyGram Center or participating 7-11 store, or using any linked Venmo or PayPal account.

How Do I Pay My Loan?

You can pay for your loan online, over the phone with a representative, or at any Walmart MoneyGram Center or participating 7-11 store. If you have any questions about payment methods, you can contact Rapid Auto Loans or discuss payment options at the time of your loan disbursement.

Will I be Able to Keep Driving My Vehicle?

Yes, you can keep driving the vehicle that you are using as collateral for your auto title loan.

How Long are Auto Title Loans in Repayment?

Rapid Auto Loans offers a convenient 12-month repayment plan for all approved car title loans.

When is My First Payment Due?

Most loans require their first payment within 30 days after your loan is processed.

All loans have a repayment period of 12 months and there is no minimum prepayment penalty. Interest Rates are determined and approved by the State of Florida based on the borrowed amount and the maximum APR (which includes interest rate plus fees and other costs for a year) is 30%. You pay interest only for the time your loan is outstanding. Below is a representative example of the total cost of the loan, including all applicable fees:



Government Fee


Credit investigative Fee


Documentary Stamp Tax


Total amount Financed


Original Loan Date




Monthly Payment (x12)