The APR for our car title loans in Utah range from 90% to 180% depending on your
credit worthiness. Fees for our car title loans include an origination fee of 5%
of the amount that you borrow, which we will add to your loan balance. For example,
on a $1000 loan, your origination fee will be $50.
For questions or complaints regarding loans, you may call our customer service at 818-215-2126.
If your problem cannot be resolved by speaking with us and the nature of the complaint is something other than a high rate of
interest or lack of funds to pay the loan then you may want to call the Department of regulatory relief, if warranted.
Utah residents may contact the Utah State Department of Financial Institutions at 801-538-8830
If you obtained your loan electronically, you should note that we are registered
or authorized to offer title loans through the Internet in the following states:
California, Arizona, Illinois Missouri, and New Mexico.
Please review interest rate table below. For a more specific payment schedule please
use our payment calculator located on the lower right hand corner of this page.
THERE IS NO PREPAYMENT PENALTY.
For example, on a $1000 Auto Title Loan for a six (6) month term with a 144% APR,
the monthly payments are reflected in the chart below:
Monthly Payment $ = 243.23
|
Month
|
Balance
|
Principal
|
Interest
|
Total Payment
|
APR
|
|
1
|
$876.77
|
$123.23
|
$120.00
|
$243.23
|
144%
|
|
2
|
$738.76
|
$138.01
|
$105.21
|
$243.23
|
144%
|
|
3
|
$584.19
|
$154.57
|
$88.65
|
$243.23
|
144%
|
|
4
|
$411.06
|
$173.12
|
$70.10
|
$243.23
|
144%
|
|
5
|
$217.17
|
$193.90
|
$49.33
|
$243.23
|
144%
|
|
6
|
$0
|
$217.17
|
$26.06
|
$243.23
|
144%
|
|
Total
|
|
$1000.00
|
$459.35
|
$1459.35
|
|
For example, on a $3000 Auto Title Loan for a eighteen (18) month term with a 108%
APR, the monthly payments are reflected in the chart below:
Monthly Payment $ = 342.64
|
Month
|
Balance
|
Principal
|
Interest
|
Total Payment
|
APR
|
|
1
|
$2927.36
|
$72.64
|
$270.00
|
$342.64
|
108%
|
|
2
|
$2848.19
|
$79.17
|
$263.46
|
$342.64
|
108%
|
|
3
|
$2761.89
|
$86.30
|
$256.34
|
$342.64
|
108%
|
|
4
|
$2667.82
|
$94.07
|
$248.57
|
$342.64
|
108%
|
|
5
|
$2565.29
|
$102.53
|
$240.10
|
$342.64
|
108%
|
|
6
|
$2453.53
|
$111.76
|
$230.88
|
$342.64
|
108%
|
|
7
|
$2331.71
|
$121.82
|
$220.82
|
$342.64
|
108%
|
|
8
|
$2198.93
|
$132.78
|
$209.85
|
$342.64
|
108%
|
|
9
|
$2054.19
|
$144.73
|
$197.90
|
$342.64
|
108%
|
|
10
|
$1896.43
|
$157.76
|
$184.88
|
$342.64
|
108%
|
|
11
|
$1724.48
|
$171.96
|
$170.68
|
$342.64
|
108%
|
|
12
|
$1537.04
|
$187.43
|
$155.20
|
$342.64
|
108%
|
|
13
|
$1332.74
|
$204.30
|
$138.33
|
$342.64
|
108%
|
|
14
|
$1110.05
|
$222.69
|
$119.95
|
$342.64
|
108%
|
|
15
|
$867.31
|
$242.73
|
$99.90
|
$342.64
|
108%
|
|
16
|
$602.74
|
$264.58
|
$78.06
|
$342.64
|
108%
|
|
17
|
$314.35
|
$288.39
|
$54.25
|
$342.64
|
108%
|
|
18
|
$0
|
$314.35
|
$28.29
|
$342.64
|
108%
|
|
Total
|
|
$3000.00
|
$3167.46
|
$6167.46
|
|
|
Important Information On Car Title Loans In Utah
If you are a Utah resident, there are certain aspects of car title loans that you should understand. While the basic idea of a title loan is the same in every state, some states have specific regulations or guidelines that must be followed. 1-800LoanMart is very aware of the laws of each state and how they affect car title loans.
Utah-Specific Information
The APR for Utah auto title loans ranges from 90% to 180% based on your current credit standing. The better credit you have, the lower the interest rate will be. This is because low credit is considered a sign of risk. However, even if you have bad credit you can get car title loans in Utah. In addition, there is a 5% origination fee for each loan that will be added to the loan balance. The actual value of your car determines the amount you may borrow, which in Utah is $1500 and up. You need to have proof of your willingness to pay back the loan in order to qualify for car title loans in Utah, and there is no penalty for prepayment. This means that you can pay your loan off based on the regular payment schedule or pay it off early if you want.
For more information about getting car title loans in Utah, contact 1-800LoanMart.