Loans Against a Paid-Off Car in South Carolina

If you own your car outright, you have equity you can use. A clear title is the key requirement for a Platinum VIP loan.

Loans Against a Paid-Off Car with Platinum VIP pricing

Every Platinum VIP loan — whatever the paid-off vehicle — carries a maximum APR of 35.99%. That cap applies to every loan we make to South Carolina residents. Always quick, confidential and easy!

Sample cost

$800 over 6 months at 35.99% APR: payment $147.67/month, finance charge $86.02, total $886.02.

Is this right for you?

A title loan is secured by your vehicle, so it should be used for real needs and only when the payment fits your budget. Ask yourself whether the monthly payment above is affordable alongside rent, insurance and groceries. If not, consider borrowing less or one of the alternatives on our responsible lending page.

Next steps

Check the requirements, review rates & terms, then apply. We work to make the process hassle free, so you can get back to your day.

Popular in: Spartanburg Myrtle Beach Loris Conway. Related: Lost or Missing Car Title Help · APR Explained: What 35.99% Means · Title Loan Buyout

More from the Platinum VIP team

“Expect the unexpected” may sound great until something “unexpected” happens to you. When you’re dealing with a medical bill or an electrical issue in your home that came out of nowhere, you may not know where to turn. How can you get a loan without jumping through hoops and with no hassle? Well, by using your car as collateral for a type of secured loan called a title loan? A title loan may be your answer, and it won’t take a few days or longer to get the funds you need- unlike some traditional bank loans.

Lien-Free Title: Your car must be lien-free, so there can be no outstanding liens placed on it. The title must also be in your name at the time of your loan inquiry. If someone else’s name is on the title, you will need to change it at your local Department of Motor Vehicles (otherwise known as the Bureau of Motor Vehicles, Division of Motor Vehicles, etc.). To complete a title transfer, you must be the rightful owner of the car.

Valid, Gov. Issued Photo ID: To verify your identity, you’ll need to provide your driver’s license, U.S. passport, or state-issued photo ID (like a REAL ID). Note, that the name on your ID should also match the name on the car’s title. Additionally, you must be at least 18 years old.

Residence: Lenders will want you to submit proof of residence to verify that you reside in a state that allows title loans. Generally, a recent utility or phone bill will work.

Proof of Income or Ability to Repay the Loan: You’ll also need to show proof of your income (recent pay stub or bank statement), but it doesn’t have to be from just employment, many other forms of regular income may also work, as long as your ability to repay the loan is valid.

APR disclosure: The Platinum VIP Title Loan carries a maximum Annual Percentage Rate (APR) of 35.99%, which includes the $15 South Carolina lien fee. Your actual APR, finance charge, payment amount and term are disclosed in your written loan agreement before you sign. A title loan is secured by your vehicle; if you do not repay as agreed, your vehicle may be repossessed. Borrow only what you can afford to repay. Loans are made by 1st Capital Finance of South Carolina Inc, the lender, 3420 Hwy 21 Ste B, Fort Mill, SC 29715. 1st Capital Finance of South Carolina Inc is licensed by the South Carolina State Board of Financial Institutions, Consumer Finance Division, as a Supervised Lender (License No. SL-1966027) under S.C. Code § 37-3-503. Loans are available only to South Carolina residents and are originated online. Submitting information on this website does not guarantee loan approval.