Car Title Loans in Connecticut2026 Guide
Connecticut does not allow high-interest title loans.
Legal Status & Regulations
Governing Law
Conn. Gen. Stat. § 36a-555
Last Reviewed: April 2026
Law Summary
Connecticut prohibits high-interest title loans under the Small Loan Lending Act (Conn. Gen. Stat. § 36a-555). The state mandates that any lender charging more than 12% APR must be licensed, and licensed lenders are subject to strict rate caps that do not accommodate the high-cost title loan model. This effectively bans the industry and protects consumers from high-interest vehicle-secured debt.
Real Rate Example in Connecticut
A $1,500 loan in Connecticut at a typical market rate of APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
CT Department of Banking