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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Title Loans Union Editorial Team
Consumer Finance & State Regulations Research
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
CT Department of Banking