Title Loans in Utah

Utah permits title lending without caps on interest rates or loan amounts. The Department of Financial Institutions oversees lender licensing. Due to the lack of restrictions, Utah borrowers should carefully compare offers and understand all costs.

How Title Loans Work in Utah

Utah title loans use your vehicle title as collateral. You keep driving while the lender holds your title. Loan amounts are typically based on 25-50% of your vehicle's value, and terms are determined by the lender.

Utah Title Loan Regulations

The Utah Department of Financial Institutions regulates title lending. While lenders must be licensed, Utah has few restrictions on interest rates or loan terms.

• Lenders must be licensed with the Utah Department of Financial Institutions
• Maximum loan amount: No statutory cap
• Maximum interest rate: No cap
• Cooling-off period: None

Typical Terms in Utah

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