Car Title Loans in Virginia2026 Guide
Virginia allows title loans with a 36% APR cap.
Legal Status & Regulations
Governing Law
Va. Code § 6.2-2200
Last Reviewed: April 2026
Law Summary
The Motor Vehicle Title Loan Act (Va. Code § 6.2-2200) regulates title loans in Virginia. Interest rates are capped at 36% APR plus a monthly maintenance fee. Loans must have a term of at least 120 days and no more than 12 months, and lenders are prohibited from making more than one loan to a borrower at a time, protecting against debt cycles. Virginia law also requires that lenders provide a notice of default and a right to cure before repossession. If a vehicle is repossessed, the lender must follow strict procedures for the sale and provide a detailed accounting to the borrower. Any surplus from the sale must be returned to the borrower.
Real Rate Example in Virginia
A $1,500 loan in Virginia at a typical market rate of 36% APR 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
Ready to Apply in Virginia?
Check your options in minutes with no credit check required.
Quick Info Card
Max Loan Amount
$2,500
Max APR / Rate
36% APR
Loan Term Range
Varies
Governing Body
VA Bureau of Financial Institutions