Car Title Loans

  • Get up to $25,000 online
  • No credit checks required
  • No store visit required
  • Keep driving your car while making payments
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Won't affect your credit score

Online title loans in Mississippi

Get the money you need without the hassle. Sound Financial makes applying online for a title loan in Mississippi simple, safe, and secure.

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Mississippi rates and terms

Full transparency is our goal at Sound Financial. Get access to the interest rates and terms to help you make a sound financial decision.

Loan amount

$200 - $25,000

Repayment term

30 - 180 days

APR range

36% - 350%

* Loan amount, repayment term, and APR shown are for representative purposes only. Your actual rates and terms will be determined by your lender based on your creditwortiness and other factors.

How title loans work in Mississippi

Mississippi is known for its iconic music, rich history, and delicious cuisine. It’s also one of the few states in the U.S. where you can get access to a quick injection of cash to pay off sudden medical expenses or pending bills, courtesy of a title loan.

All residents of the Magnolia state are eligible for this type of secured loan, provided they have a lien-free car title.

What is a title loan?

A title loan is a type of loan where an individual can borrow money using their vehicle as collateral. With a title-secured loan, the borrower provides the lender with the title of their vehicle as temporary security.

Once the loan is obtained, the borrower is responsible for repaying the amount within a specified timeframe, including any additional fees or interest charges. If the borrower is unable to repay the loan as agreed, the lender may have the authority to take possession of the vehicle.

Learn: Can you get a title loan with bad credit?

Mississippi title loan requirements

To qualify for a car title loan in Mississippi, you'll need to the following:

  • A Mississippi driver’s license or state-issued ID
  • A lien-free vehicle title
  • Proof of income
  • Proof of residency in Mississippi
  • A running vehicle

Learn: Can I get a title loan without the title?

You must also be over 18 years of age and not an active-duty service member of the United States military.

The title loan process

Once this is in order, you can apply for a title loan. Here’s how it works in Mississippi:

1. Application

First, you'll need to complete an online form detailing some information about you and your vehicle. This allows us to determine where in the state you reside and assess whether you’re eligible.

2. Verification

We will then verify your documents, including proof of residence in Mississippi, income details, and your lien-free car title.

3. Inspection

An inspector will assess how much money you can borrow based on your car's interior and exterior condition, as well as certain factors like the make and mileage.

Learn: Can you get a title loan with a damaged car?

4. Agreement

You will then be asked to sign an agreement with the lender. This document will detail all conditions related to the loan, including a predetermined payment schedule, fees, and interest rates, which in Mississippi is capped at 25%.

5. Disbursement

Once you've accepted and signed the agreement, your lender will begin the disbursement process. Depending on the disbursement option you choose, you can get the funds in your hand in as little as 2 hours.

Learn: Can you get a title loan without a bank account?

6. Repayment

Per the conditions stipulated in your agreement, you will be expected to repay the loan by the due date. The minimum term is 30 days, but the maximum repayment date depends on the agreement you sign.

Learn: What happens if you don’t pay a title loan back?

How title loans are regulated in Mississippi

Title loans in Mississippi are currently regulated under the Mississippi Title Pledge Act

Interest rates

The state of Mississippi limits the interest rates of title loans at 25%, which works out to an annual percentage yield of 300%.

Payment terms

The maximum amount of money you can borrow is capped at $2,500. The length of a title loan term is 30 days. If you're unable to repay the loan, you can extend your loan for another 30 days in what is known as a rollover.

Repossession laws

Mississippi law does not prevent the lender from repossessing your car if you fail to pay back the loan. However, it gives the borrower a right to cure, a 30-day extension period, during which you can catch up on your payments before your car is repossessed.

Cost considerations and title loan alternatives

The cost of a title loan in Mississippi is dependent on your loan amount and your APR. Here are a few examples to help illustrate the true cost of a title loan.

  • Example 1: You borrow $2,500 at an APR of 300% and pay it back in 30 days.
    If you took out a $2,500 loan and paid it back in 30 days, you would pay a total of $3,125 back to your lender in 1 payment. In this example, you’re paying $625 in finance charges to borrow $2,500.
  • Example 2: You borrow $2,500 at an APR of 300% and pay it back in 6 months.
    If you borrowed $2,500 and paid it back in 6 months, you would pay a total of $5,082.30 back to your lender in 6 payments of $847.05. In this example, you’re paying $2,582.30 in finance charges to borrow $2,500.

Personal installment loans: A better and more affordable way to borrow money with bad credit

If you're in Mississippi and looking for an alternative to title loans, you might want to check out installment loans. They're a different kind of borrowing option that could be more suitable for you.

Instead of using your vehicle as collateral, installment loans allow you to borrow money and repay it in monthly installments over a specific period. The best part is that the payments are fixed, so you can plan your budget accordingly.

Frequently asked questions

Here are some of the most commonly asked questions that we get regarding Mississippi title loans.

Can I qualify for a title loan with bad credit?

Yes! Your credit score is irrelevant when applying for a title loan. All you need to apply for one in Mississippi is a lien-free car title.

Can I get a title loan completely online with no credit check and no inspection?

Yes! You can get a title loan online without leaving your home or checking your credit. However, without a proper vehicle inspection, a lender will not be able to assess how much money you can borrow

Will I receive the funds from my title loan instantly?

In Mississippi, it’s possible to receive the funds on the same day if you finish the application process and have all your documents ready for inspection.

Do you offer car title loans near me?

Yes! We offer title loans nearby through direct title loan lenders in many cities in Mississippi, including:

  • Bay St. Louis
  • Biloxi
  • Booneville
  • Brandon
  • Brookhaven
  • Byram
  • Canton
  • Clarksdale
  • Cleveland
  • Clinton
  • Columbus
  • Corinth
  • D'Iberville
  • Diamondhead
  • Flowood
  • Gautier
  • Greenville
  • Greenwood
  • Grenada
  • Gulfport
  • Hattiesburg
  • Hernando
  • Horn Lake
  • Indianola
  • Jackson
  • Laurel
  • Long Beach
  • Madison
  • McComb
  • Meridian
  • Moss Point
  • Natchez
  • New Albany
  • Ocean Springs
  • Olive Branch
  • Oxford
  • Pascagoula
  • Pearl
  • Petal
  • Picayune
  • Ridgeland
  • Senatobia
  • Southaven
  • Starkville
  • Tupelo
  • Vicksburg
  • West Point
  • Yazoo City
Customer reviews

Success stories from real people like you

Read real reviews from the many satisfied customers who chose Sound Financial for a title loan.

Jameson W.
star star star star star

I have taken out a title loan in the past and I can say much better experience with Sound.

Yusef K.
star star star star star

First time getting a title loan and this site made it super easy. They were upfront about fees and payments, which was hard to find, and the process was smooth.

Dennis M.
star star star star star

Best place to get this type of financing, hands down!

George V.
star star star star star

I appreciated the transparency and honesty of this marketplace. No hidden fees or surprises and exceedingly good customer service. A more than positive experience!

Paulina S.
star star star star star

Helped me find the right loan for my situation and did well in answering all my questions. 5⭐s!!!!

Jaime B.
star star star star star

I’ve been around the block a few times w/ these types of online loans and Sound is refreshing. Didn’t feel like I was being taken and it felt like they genuinely had my best interest at heart.

Ian G.
star star star star star

Ran into money trouble and came to Sound Financial for a title loan. Was pleasantly surprised by their quality of service (not typical). Very appreciative.

Creisha J.
star star star star star

Glad to see that there is a company out there that actually cares for borrowers with bad credit. 🤗❤️ Thank you!!

Antoinette C.
star star star star star

M/O 3 here with lackluster credit, so a title loan was my only resort. Sound helped me find a lender AND understand how to properly manage my repayment. Forever grateful.

Roderick T.
star star star star star

PROS: I was able to keep my car, fantastic customer care, site gave me all the pertinent details… CONS: None… Add me to the “another satisfied customer” list.

Mississippi title loans in 30 minutes or less.

Get the cash you need with our fast and flexible title loans. Apply now and see how we can help you today.

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