Best Title Loan Companies in Illinois

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Author : Chris Morgan
Updated on : January 14th, 2023

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Known as the Garden of the West, Illinois is home to beautiful landscapes which feature cultivated corn and soybean fields. Far away from the rolling prairies of Illinois, there is Springfield, the capital and the government seat of the state. Chicago leads the way as the largest city in Illinois and the midwest known for its windy conditions, amazing architecture, and delicious deep dish pizza.

In terms of living conditions, Illinois is considered one of the most expensive in the United States. According to, Illinois is ranked as the 16th most expensive state. Despite the high cost of living, due to the economy and location, Illinois is considered as one of the top 10 states to live in the United States. It appears that many people are willing to pay more for the experience of living in Illinois.

Despite Illinois being a coveted state, there are times where funds are limited due to an emergency, and residents of Illinois may need cash without the headaches of qualifying for a credit check. This is where access to title loans is a convenient option for meeting short-term financial emergencies.

Are Title Loans Legal in Illinois?

According to the Consumer Federation of America, title loans are legal in Illinois as well as 15 other states. Under the specific laws in these 15 states, title loan companies are able to provide title loan services and products at triple digit APR’s.

Due to the high interest rates on title loans in Illinois, those interested in seeking a title loan are advised to borrow responsibly. Given that a vehicle is used as collateral to secure the title loan, failure to repay the title loan could result in vehicle repossession to repay the defaulted title loan.

How Do Title Loans Work In Illinois?

Getting a title loan in Illinois is not difficult with proper preparation of the documentation to expedite the title loan process. The Illinois Department of Financial and Professional Regulation states that title loans are available for up to $4000 or 50% of the applicant’s monthly income. There is a 15-day grace period between receiving consecutive title loans. 

If the applicant would like to renew a title loan, they must be willing to pay 20% of the existing title loan principal, and only one renewal is allowed. Repayment of the title loan is to occur in equal installments, and balloon payments are prohibited.

To ensure that consumers are receiving title loan services from legitimate and reputable companies, all title loan companies must be licensed to write consumer installment loans in Illinois and are referred to as consumer installment licensees (CILA).

Best Online Title Loans In Illinois

To assist consumers in obtaining a title loan from a reputable company, the following is a list of the best title loan companies in Illinois. For convenience, we begin this list with two companies that offer online title loans. This makes it easier to start the title loan process from the comfort of your home.

Max Cash Title Loans

Max Cash Title Loans Logo

Our top recommendation for online title loans is none other than Max Cash Title Loans. Since 2008, Max Cash has been a premier provider of online loan services throughout the United States. They have serviced over one million customers making them a trusted source for online loans.

Max Cash sets itself apart from the rest as it operates as an online loan broker. This makes it easier for customers to obtain the loan that they desire. With its platform that features multiple lenders, Max Cash easily connects consumers with an assortment of loan companies with one application. The application is then processed to help consumers find the best loan at competitive rates.

Max Cash Title Loans is a top choice for title loans because of:

  • An easy online application
  • A large network of loan lenders
  • Rate and service transparency
  • High-quality customer service

Check out our Max Cash review to find out more about their loan services and offerings.


LoanMart Logo

Coming in at second place for online title loans is LoanMart. Since 2002, LoanMart has operated as a direct loan lender funding over 250,000 title loans. This online title loan option is preferred by those who would like to cut out the middleman and expedite the title loan process.

One of the greatest benefits offered by LoanMart is the “Three Day Peace of Mind Guarantee.” Since taking on a title loan is a major responsibility, this three day grace period allows consumers to opt out of the loan contract without penalties or fees.

LoanMart is a great option for title loans due to:

  • The availability of several loan options
  • Fast receipt of funds
  • Competitive loan rates
  • Financial education resources
  • Three-day peace of mind guarantee

Learn more about the products and services offered by checking out our LoanMart Review.

The Top 5 Local Illinois Title Loan Companies

Online title loan services such as Max Cash and LoanMart may be convenient, but sometimes consumers prefer to complete a title loan in person. Thus, we have provided five local Illinois title loan companies.

It is important to note that the landscape of title loan lending in Illinois has changed significantly since the passage of the Predatory Loan Prevention Act in March 2021. This act prevents loan companies from charging more than 36% APR on all consumer loans. As a result, many title loan companies have ceased operation in Illinois.

While the following five local Illinois title loan companies have been thoroughly researched for your convenience, we advise those who are interested in seeking a title loan to do their due diligence and confirm that title loan companies are adhering to the 36% APR cap. Consumers can also refer to the list of licensed title loan companies in Illinois that adhere to the consumer installment licensee requirements.

To avoid possible title loan scams, consumers can opt to obtain title loans from one of the preferred online title loan providers such as MaxCash.

The following are five local Illinois title loan companies thoroughly researched and vetted for your convenience.

Illinois Title Loans, Inc.

Illinois Title Loans, Inc. Logo

Illinois Title Loans, Inc. offers same-day title loans for up to $4000. Applicants can begin the title loan process by completing an online application. In some cases, title loans can be approved within 30 minutes. Upon completing the online application, a store loan associate will contact the applicant to proceed with the title loan process. To expedite the processing of the title loan, applicants are encouraged to have a state issued driver’s license or identification, a lien-free title to a vehicle, and be prepared to present the vehicle for inspection in person at a brick and mortar location.

Contact Information:

  • Address: 5762 North Milwaukee, Chicago, IL 60646
  • Phone: (773) 775-4397

Sun Cash Loans

Sun Cash Logo

Sun Cash Loans is a local financial services company that offers cash advances and payday and title loans with no credit checks. Because a vehicle is used as collateral, applicants can easily receive up to $4000 via direct deposit. Consumers are required to submit an online loan inquiry which includes the requested loan amount, proof of vehicle details, and checking account information to receive loan funds and debit title loan payments. For faster receipt of title loan funds, funds can be received cash in hand at one of the local brick-and-mortar locations in Illinois.

Contact Information:

  • Address: 4244 W Fullerton Ave, Chicago, IL 60639
  • Phone: (773) 741-4865


Oportun Logo

With an A+ rating from the Better Business Bureau, Oportun offers a wide spectrum of financial services in the form of secured and unsecured personal loans, credit card services, savings accounts, and educational financial resources. They even have a Community Development Financial Institution Certification (CDFI) from the United States Treasury which ensures that they are able to provide trustworthy, reputable financial products to people in low come communities.

For title loans in Illinois, applicants can receive up to $4000 by completing an online application. Loan funds are quickly received via direct deposit, and Oportun offers affordable, budget-friendly monthly payments. Timely title loan payments are also reported to the credit bureaus to help consumers improve their credit rating.

Contact Information:

  • Address: 4013 W 26th St, Chicago, IL 60623
  • Phone: (312) 300-7158

SAIL Loans

SAIL Loans Logo

SAIL Loans offer both online and in-store financial services to include check-cashing, personal secured and unsecured loans, and a variety of financial tools to help customers build savings. The title loan application process can be completed online with approvals within minutes of submitting the application. Those approved for a title loan can receive up to $4000 which is directly deposited into a bank account for customer convenience. Repayment of the title loan is easily done through a secure online customer portal. Also, SAIL Loans now manages the loan products and services for previous customers of the now closed Illinois-based AmeriCash Loan locations.

Contact Information:

  • Address: 9500 S Halsted St, Chicago, IL 60628
  • Phone: (773) 298-9777

Express Auto Title Loans

Since 1999, Express Auto Title Loans has been a reputable provider of title cash loans throughout Illinois. With no credit check required, title loans are based on the value of the vehicle used for collateral. Applicants can get up to $4000 for a title loan, and the application process is quick and can be completed online within 30 minutes. To get started on the title loan application, applicants must provide a lien-free vehicle title, proof of employment, and a state issued driver’s license or identification. The vehicle used to secure the title loan must be inspected in order to provide an accurate appraisal for the title loan value. Plus, title loan funds can be received quickly via direct deposit or cash-in-hand at a brick and mortar location.

Contact Information:

  • Address: 353 N Milwaukee Ave Suite 2, Chicago, IL 60090
  • Phone: (847) 215-4850

What Are The Title Loan Requirements in Illinois?

The Consumer Installment Loan Act-205 ILCS 670 details the requirements for consumer loans in Illinois. For title loans specifically, companies interested in providing title loans in Illinois must be recorded as a consumer installment licensee and adhere to the 36% APR cap per the Predatory Loan Prevention Act passed in March 2021. Title loan companies are not allowed to loan more than $4,000 and/or 50% of the applicant’s monthly income. 

Consumers interested in title loans are required to provide a state-issued identification or driver’s license, proof of employment, and a lien-free title to the vehicle used as collateral for the title loan. To determine the amount of the title loan, a vehicle inspection is necessary. The title loan company may request, at their discretion, either an in-person vehicle inspection or photos of the vehicle to determine the vehicle value for the title loan.

Do Title Loans Hurt Your Credit?

Title loans are a preferred fast cash option mainly because they do not require credit qualifications which makes title loans accessible for people with little to no credit and poor credit. This is because the title loan is secured using a lien-free vehicle title as collateral. Some title loan companies report timely payments to the major credit bureaus which can improve credit ratings. 


Similarly, the failure to pay the title loan could result in a negative credit rating if payments are reported to the credit bureaus. Thus, how a title loan impacts credit depends on how the consumer handles the title loan repayment and if the title loan company reports payments to the credit bureaus.

If you are seeking ways to improve your credit while obtaining a title loan, view our post on The Best Credit Repair Companies in the United States for more details.

What Are The Disadvantages of a Title Loan?

While title loans provide a quick and efficient way for those with less than stellar credit to obtain cash, it is important to utilize these loans with discretion as there is a price for the convenience offered via a title loan. Some of the aspects to consider when getting a title loan include:

  • The possibility that the vehicle used to secure the title loan will be repossessed if the title loan is not paid in full. Lenders, however, do not prefer this option. They would much rather work with you to get the loan paid off.
  • Many title loans are offered at high interest rates. It’s always in the borrower's best interest to pay back the loan quickly.

To determine if a title loan is a reasonably convenient emergency cash option for you, check out our post on Do No Credit Check Loans With Guaranteed Approval Exist?

Can I Negotiate a Title Loan?

Before receiving a title loan, consumers must agree to specific loan terms and conditions and sign a loan contract. These loan conditions are established and governed under Illinois state law. Generally, the initial title loan terms require repayment of the title loan in equal installments. There is an option for a renewal of the title loan if 20% of the loan principal is paid. 

If the original title loan terms aren’t sufficient and the consumer has decided that they cannot repay the title loan, there is the option to willfully allow the title loan company to repossess the vehicle used to secure the title loan. In most cases, this settles the title loan debt.

Some companies allow for title loan refinancing to assist consumers with obtaining more affordable title loan payments.

Conclusion and Next Steps

It’s time to take the first steps in obtaining a title loan in Illinois. Our list of online and local title loan companies have been vetted to assist you in getting the title loan you desire from companies that you can trust.

Head over to Max Cash, our preferred online title loan provider, to start the title loan process. With a well-developed online platform that connects consumers to numerous title loan companies at once, you are well on your way to receiving the title loan you want at competitive rates.

If you need cash fast, get in touch with

Max Cash.

Max Cash Title Loans Logo

When doing research, Credit Help Info relies on credible and authoritative sites. These research sources are provided so that you can see exactly where we get our information.

About the Author

Chris Morgan

Chris Morgan is a credit expert and founder of Credit Help Info. He has been featured in Addition Financial, GOBankingRates, MSN Money, Yahoo Finance, and many other publications. He has read hundreds of books and resources on finance and the credit industry. Because he did this, you don’t have to. As a school teacher for over 20 years, Chris enjoys taking complicated material and breaking it down into manageable information that’s easy to understand.

Learn more about Chris Morgan

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