Title Loans in Delaware

Delaware allows title lending with minimal state-specific restrictions. Title lenders must be licensed through the State Bank Commissioner. As Delaware has no interest rate caps, borrowers should compare offers carefully and understand all costs before borrowing.

How Title Loans Work in Delaware

Delaware title loans work by using your vehicle title as collateral for a loan. The lender places a lien on your title while you continue to drive your car. Once the loan is fully repaid, the lien is removed and full ownership is restored.

Delaware Title Loan Regulations

Title lending in Delaware is overseen by the Office of the State Bank Commissioner. Lenders must obtain proper licensing, though the state maintains relatively few restrictions on loan terms.

• Lenders must be licensed with the Delaware Office of the State Bank Commissioner
• Maximum loan amount: No statutory cap
• Maximum interest rate: No cap
• Cooling-off period: None

Typical Terms in Delaware

While terms vary by lender, here's what you can typically expect:

• Loan amounts: $100 to $10,000+ depending on vehicle value
• APR¹: Often 150% to 300% or higher
• Loan terms: Usually 30 days to 12 months
• Loan-to-value: Typically 25% to 50% of vehicle value