Car title loans in Massachusetts: what's allowed instead
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Massachusetts title loan rules at a glance
| Governing law | Title loans are not separately authorized; they fall under the small loan law (loans of $6,000 or less) or the criminal usury statute. (M.G.L. c. 140, § 96; c. 271, § 49) |
|---|---|
| Rate / fee cap | Licensed small loan companies may charge no more than 23% a year on the unpaid balance (actuarial method), plus a $20 administrative fee when the loan is made. The $20 fee may be charged no more than once in any 12-month period. On other loans, charging interest and expenses above 20% a year is criminal usury. (209 CMR 26.01(1)(a); M.G.L. c. 271, § 49(a)) |
Your options in Massachusetts
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 Massachusetts personal loans.
Credit services / credit access businesses
A broker or arranger model cannot avoid the cap: brokerage fees and commissions paid to anyone in connection with the loan are counted in the 12% licensing threshold and the rate limit. (M.G.L. c. 140, § 96)
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| Connecticut | Not available | — |
| New Hampshire | Legal | — |
| New York | Not available | — |
| Rhode Island | Limited | — |
| Vermont | Not available | — |
Personal loans by city in Massachusetts
Counties in Massachusetts
Show all 14 counties
Also see: Payday Loans in Massachusetts · Personal Loans in Massachusetts · All Massachusetts loan options
Frequently asked questions
Are title loans legal in Massachusetts?
High-cost car title loans are not allowed in Massachusetts. Loans of $6,000 or less are subject to the small loan license and 23%-plus-$20 cap, and the criminal usury law bars charging more than 20% a year on other loans (with limited exceptions).
What interest can title lenders charge in Massachusetts?
Licensed small loan companies may charge no more than 23% a year on the unpaid balance (actuarial method), plus a $20 administrative fee when the loan is made. The $20 fee may be charged no more than once in any 12-month period. On other loans, charging interest and expenses above 20% a year is criminal usury.
How much can I get for a title loan in Massachusetts?
The amount depends mainly on your vehicle's value, along with your income and Massachusetts rules. Lenders typically offer a portion of what your car is worth, so newer vehicles with lower mileage usually qualify for more. You'll see the exact amount and terms before signing. Enter your vehicle's details on our form to see what lenders may offer. It takes about 3 minutes.
What do I need for a title loan in Massachusetts?
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 Massachusetts, 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.
Can I get a title loan online in Massachusetts?
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 Massachusetts title loan request in about 3 minutes.
Can I refinance my title loan in Massachusetts?
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 Massachusetts rules. Enter your details on our form to see what lenders in our network can offer you. It takes about 3 minutes.