South Carolina Title Loan Laws in South Carolina

South Carolina regulates title lending under the Consumer Finance Law and Title 37 of the SC Code. Lenders must be licensed and provide written disclosures. Military borrowers are protected by the federal 36% MAPR cap. This page is general information, not legal advice.

Key points for South Carolina borrowers

Platinum VIP loans are made by 1st Capital Finance of South Carolina Inc under a Supervised Lender license (No. SL-1966027) issued by the State Board of Financial Institutions, Consumer Finance Division, under Section 37-3-503 of the South Carolina Consumer Protection Code. A supervised lender must post its license, follow the Code's rules on charges and disclosures, and remains subject to examination by the Board.

Before you sign, federal Truth in Lending rules require your lender to show the amount financed, the finance charge, the Annual Percentage Rate, the payment schedule and the total of payments. On a Platinum VIP loan those numbers include the $15 South Carolina lien recording fee, which is the only fee we charge. When you repay in full, the lien is released so your title is clear again.

We lend only to South Carolina residents, and only online. If you have a concern about any lender, you can contact the State Board of Financial Institutions or the South Carolina Department of Consumer Affairs. Military service members and their dependents have additional protections under the federal Military Lending Act.

South Carolina Title Loan Laws with Platinum VIP pricing

Every Platinum VIP loan — whatever the law — 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

$3,000 over 24 months at 35.99% APR: payment $177.12/month, finance charge $1,250.88, total $4,250.88.

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: Goose Creek Gaffney Fort Mill Rock Hill. Related: Car Title Loans · Motorcycle Title Loans · SUV Title Loans

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.