Jason Rathman
Written by Jason Rathman

Jason writes about all financial topics such as loans, debt solutions, and bankruptcy. He is an expert when it comes to subjects like APR, loan fine print, debt collection laws within the United States. With his in-depth knowledge of all things financial, he is a great asset to Greendayonline.

If you want to know how to get a car title loan in Nevada, you should know that you must put up your vehicle as collateral for the auto title loan. Because your car was used as collateral for the loan, the creditor has the right to take possession of it if you fail to make the required payments on the loan.

In most cases, the approval of your loan agreement and the amount you can pay on the current worth of your automobile are on the market. Suppose your car has a positive equity balance. In that case, the lending company may still agree to provide you with a personal loan or even secured loans regardless of how good or bad your credit history is. Because the online application procedure for a loan against your title is often uncomplicated, fast, and simple, more borrowers who need financial assistance choose this lending choice.

Besides payday loans, an auto title loan also requires a credit check to assess your ability to repay the loan on time. However, lenders may be more lenient when considering your credit history due to the collateral in place.

Suppose you are interested in acquiring a title loan in Nevada. In that case, the laws of Nevada provide you with various sorts of protection. You are required to get acquainted with these laws before applying. You may also research the procedures every lender must follow when dealing with loans where the borrower has defaulted.

Laws Regarding Title Loans

According to the regulations governing title loans in Nevada, every financial institution or the person who wants to lend title loans must have the relevant license. In addition, a lender of this kind must publish their license information, yearly percentage rates, and any other costs in a manner accessible to the general public. Title loans and other short-term loans are addressed under Nevada Revised Statute section 604A.10.

Title loan companies and personal loans providers must adhere to these laws, ensuring transparency and compliance. This way, borrowers can confidently engage in online title loans and the traditional title loan application process.

What Are the Prerequisites for Getting a Car Title Loan?

Car title loans, a specific type of loan, are considered collateral loans because the borrower uses their vehicle as collateral to secure the loan. To obtain such a loan, you must provide proof of vehicle ownership and meet other requirements set by financial institutions, which may include providing proof of income, residency, and a valid ID. Car title loans generally have a high approval rate as long as the requirements are met, making them a popular solution for those needing quick cash.

It doesn’t matter where you reside in Nevada; most criteria are the same for everyone who requires a loan based on their vehicle’s title. These prerequisites are as follows:

A Clean Car Title

A vehicle title that is free and clear of any liens; in addition, you must be able to provide evidence that you own the vehicle free and clear, which is a crucial part of the application process and ensures a smooth approval process.

Types of Loans

While there are various types of loans available, such as a signature loan, the focus, in this case, is an online title loan process, which is a fast and convenient option as it allows for a quick title loan application and instant funding after approval.

Nevada Car Registration

The vehicle must be registered in your name in Nevada and have a valid registration sticker on the windshield. Be sure to present the original vehicle title during the application.

Driver’s License

A valid driver’s license — your age, identity, and place of residence in the state will all be verified using this document. If you do not call the state of Nevada home, you will not be eligible for a Nevada title loan. Other evidence of residence, such as a utility bill or mortgage statement, is also acceptable when applying for a title loan in Nevada.

Proof of Income

Lastly, proof of income is essential for evaluating your ability to make loan repayments, which ensures that you can comfortably afford the loan and avoid potential financial difficulties.

Documentation of your earnings: if you are an employee, the most recent pay stub you have received might serve as documentation of your payments. On the other hand, a self-employed person may use their most current bank statement. A social security disability statement and an annual 1099 form are two more documents that might indicate source of income.

What Is the Process of Applying for Instant Title Loans?

You must bring your vehicle, the title to your car, and an ID provided by the government when you travel to the lender’s office. Borrowers can start the loan procedure online with some title loan services.

  • Communicate with the agents and complete the necessary papers.
  • You must consent to the lender inspecting and evaluating your vehicle.
  • Give your consent to the agreements and the appraisal of your automobile.
  • Give the title to your vehicle, and you will be given the cash advances you need.

As a leading provider of title loans in Nevada, we are proud to serve numerous cities across the state, providing quick and convenient financial solutions to our valued customers. Whether you’re in need of emergency funds, facing unexpected expenses, or simply seeking a flexible loan option, our company is here to help. We understand the importance of accessibility and have strategically established our presence in key cities throughout Nevada. Below, you’ll find a table highlighting the most important cities where we are actively serving customers, making it easier for you to locate and access our services. Explore the table below to discover if we are available in your city and embark on your hassle-free title loan journey with us.

Las VegasHendersonNorth Las Vegas
RenoSparksCarson City

What Are the Laws About Gross Income for Title Loans?

When facing unexpected expenses, title loans can provide a solution for those with bad credit scores. Many lenders offer unsecured loans at competitive rates, allowing borrowers to repay the loan balance over time.

Every company that gives out title loans has to look at how much money the borrower makes. The law in North Las Vegas, Nevada, says that your loan payment can be at most 25% of your monthly gross income. You have to show proof of your monthly income so the title lending company can ensure that the loan amount doesn’t cost you more than 25% of your monthly payment.

What Are the Interest Rates on Title Loans?

There is no restriction on title loan interest rates; thus, title loan firms and direct lenders can charge borrowers whatever amount they want, which is common to Nevada since most state laws need a cap on the yearly percentage rate. However, borrowers can also explore alternatives, such as credit unions for a more traditional loan that may offer a fairer interest rate.

Many organizations in Nevada that provide cash for vehicle titles impose a monthly interest rate of 25 percent. In general, the absence of an interest rate cap occasionally disadvantages borrowers. For those seeking a long-term financial solution, it could be beneficial to consider credit counseling or other financial assistance options before opting for a high-interest title loan.

Maximum Loan Amounts for Title Loans

Sometimes, borrowers may need access to cash through conventional means, and a title loan is a viable option. Remember that bad credit loans may have higher interest rates and more stringent repayment terms, so weighing all available options before deciding on a title loan is crucial. It’s essential to work closely with title loan representatives to ensure you’re selecting an appropriate loan amount and repayment plan.

No law says how much a person can borrow as a quick title loan in Nevada. The amount given must equal the vehicle’s fair market value. Lenders often give you about 40% of your car’s market value.

Length of Title Loans

Nevada title loan rules require a 30-day loan duration since borrowers are expected to repay. In many cases, this loan term length does not materialize since short payment periods make it impossible for borrowers to repay on time. Because these are high-interest loans, the amount owed after 30 days is often too much for people in difficult financial situations.

The inability to pay might lead to title loan extensions. A title loan extension involves paying interest and getting another 30-day loan period.

The extension has the same rate as the initial loan. Borrowers may extend loans six times.

Here are some statistics on Nevada car title loans:

Loan amount$300-$10,000
Interest rate300%-400%
Repayment period15-30 days
AvailabilityBorrowers with fair to bad credit
RegulationRegulated by the state of Nevada
ProsQuick and easy way to get cash, no credit check required, can be used to cover unexpected expenses
ConsHigh interest rates, short repayment period, can be difficult to repay if you lose your job or have unexpected expenses, if you default on the loan, the lender can repossess your vehicle
TipsShop around for the best interest rate, make sure you understand all the fees associated with the loan, be prepared to repay the loan on time, consider other options, such as a personal loan or credit card, if you can
Statistics on Nevada car title loans

Frequently Asked Questions

Will Taking Out Another Title Loan Affect My Credit Score?

Unlike debit cards and credit cards, obtaining title loans from auto title loan companies typically does not impact your credit score. Most lenders do not report to credit bureaus. Still, it’s important to remember that failing to repay loans can lead to repossession of your vehicle. Furthermore, you may opt for a direct deposit. In that case, it may take one business day for the funds to reflect in your account, depending on the loan applicants‘ banks.

In addition to title loans, other options like cash loans, auto loans, or credit card advances can be considered depending on your financial needs and credit status.

Borrowing money based on the value of your car is what title loans amount to in their most basic form. Most title loan lenders will only do a simple query on your credit report when applying for a quick title loan. Therefore, they will not affect your credit ratings.

How Do I Get a Second Title Loan?

If your state permits two title loans, know your car’s worth. You might borrow 50% of your car’s value, depending on the lender. In Carson City, for example, you can find quick loan options like online loans and truck title loans.

Your lender needs your automobile, title, and papers, which include Proof of vehicle insurance and valid vehicle insurance. Make sure you have your vehicle registration ready as well. You may apply online but must visit a title lender to sign the paperwork. The lender holds the vehicle’s title, sets a lien, and pays you the money.

How Many Vehicle Title Loans Am I Eligible For?

There is no limit on the number of automobiles that may be used to secure quick title loans, provided that the borrower’s monthly revenue can cover the additional expense. Every title in your possession, free of liens and encumbrances, gives you another option to get extra cash by pledging one of your titles as collateral.

Do You Provide Title Loans for More Than One Vehicle?

The clarity of this title has been called into question, and more is needed to fulfill the standards. Because the lender sets a lien on your title when you receive a title loan on your vehicle, you can’t get two title loans on the same automobile. However, suppose you have multiple vehicles and can provide income proof to repay the loans over a period. In that case, you may be eligible for multiple quick title loans using your other vehicles as collateral to obtain the needed extra cash.


With minimal restrictions on interest rates, loan amounts, and lending practices, Nevada has become a haven for title lenders and borrowers alike from across state lines. This permissive regulatory approach differs considerably from states bordering Nevada. California bans title loans altogether. Arizona recently enacted interest rate caps and restrictions on renewals. Idaho prohibits rollovers and caps rates. And Utah imposes tighter limits on industry practices as well compared to Nevada’s limited oversight.

Jason Rathman

Jason Rathman


Jason writes about all financial topics such as loans, debt solutions, and bankruptcy. He is an expert when it comes to subjects like APR, loan fine print, debt collection laws within the United States. With his in-depth knowledge of all things financial, he is a great asset to Greendayonline.