Car title loans in Illinois: what's allowed instead
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Illinois title loan rules at a glance
| Governing law | Consumer Installment Loan Act, 205 ILCS 670 (title-secured loans are referenced in s. 1 and governed by 38 Ill. Adm. Code 110.300), subject to the 36% cap of the Predatory Loan Prevention Act. (205 ILCS 670/1; 815 ILCS 123/15-5-5) |
|---|---|
| Rate / fee cap | 36% APR, all-in (Military Lending Act method). (205 ILCS 670/15(a); 815 ILCS 123/15-5-5) |
Your options in Illinois
Payday loans aren't offered by state-licensed lenders here, but you can still request a personal installment loan of $100 to $5,000 through our form. Installment loans spread repayment over several months, so each payment is smaller. See Illinois personal loans.
Credit services / credit access businesses
The PLPA bans any device to evade the 36% cap, including arranging a loan through mail, phone or internet, and treats a company that holds the predominant economic interest in a bank-partner loan as the lender. (815 ILCS 123/15-5-15)
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| Indiana | — | |
| Iowa | Limited | — |
| Kentucky | Limited | Up to $15,000, excluding charges (consumer loan act limit). |
| Missouri | Legal | A title lender may not make a loan over $5,000. |
| Wisconsin | Legal | $25,000, and no more than 50% of the vehicle's retail value. |
Personal loans by city in Illinois
Counties in Illinois
Show all 102 counties
Also see: Payday Loans in Illinois · Personal Loans in Illinois · All Illinois loan options
Frequently asked questions
Are title loans legal in Illinois?
Title-secured loans may still be made by lenders licensed under the Consumer Installment Loan Act, but only at or below 36% APR (all-in). IDFPR reports that almost every high-cost auto title lender has surrendered its Illinois license since the cap took effect in 2021.
What interest can title lenders charge in Illinois?
36% APR, all-in (Military Lending Act method).
Can I get a title loan on a financed car in Illinois?
Sometimes. If you still owe money on your car, some lenders may approve a title loan based on your equity, meaning the car's value minus what you owe. Others require a title that's fully paid off and in your name. Because policies vary, enter your vehicle and current loan details on our form, and lenders serving Illinois will tell you what they can offer.
Can I refinance my title loan in Illinois?
Often, yes. Some lenders let you refinance an existing title loan into a new loan with a different payment amount or term, and a new lender may be able to pay off your current one. Options depend on your vehicle's value, your income and Illinois rules. Enter your details on our form to see what lenders in our network can offer you. It takes about 3 minutes.
Can I get a title loan online in Illinois?
Yes. Many title lenders let you start and complete most of the process online. You enter your vehicle and income details, then upload photos of your car, title and ID instead of visiting a store. Some lenders may still ask for a quick in-person inspection. Funds are usually sent to your bank account. Start your Illinois title loan request in about 3 minutes.
What do I need for a title loan in Illinois?
Most lenders ask for a vehicle title in your name, ideally free of other liens, a valid government-issued ID, proof of income, proof of residence in Illinois, and the vehicle itself for photos or a quick inspection. Some lenders also ask for proof of insurance or a spare key. Requirements vary by lender. Start our 3-minute form to see what lenders need from you.