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Title loans in Virginia

Title loans for bad credit in Virginia

Title loans are allowed in Virginia from state-licensed lenders (Motor vehicle title lender license). Here are the limits Virginia law sets, what a typical loan can cost, and where to get free help if you need it.

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Last updated .

Part of the Virginia guide

What Virginia law allows

Title loans in Virginia
ProductStatusAPR capAmountTermLicenseLaw
Title loans[1][2][3][4][5] AllowedHigh-cost loan 36% APR Up to $2,500 183 days to 2 years Motor vehicle title lender license Code of Virginia sec. 6.2-2200 et seq., esp. sec. 6.2-2216
Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow.

Bars place each APR cap on a 0 to 400% scale; the pin marks the cap. A striped bar means the statute sets no numeric cap.

The rules in full

Title loans

Rate cap
Motor Vehicle Title Loans, chapter 22, sec. 6.2-2216: interest at a simple annual rate not to exceed 36 percent.
Fees
Monthly maintenance fee: lesser of 8 percent of the original loan amount or 15 dollars (not addable to principal for interest purposes). Returned check/draft fee capped at 25 dollars. Late charges capped at 20 dollars. Repossession and sale costs limited to 5 percent of the originally contracted loan amount. Civil collection damages/costs cannot exceed the original loan amount. Storage fees are prohibited, and interest generally stops accruing after repossession or 60 days of non-payment unless the borrower is concealing the vehicle.
License
Motor vehicle title lender license under Code of Virginia Title 6.2, chapter 22, issued by the Virginia State Corporation Commission's Bureau of Financial Institutions. Licensees that held authority before January 1, 2021 to make title loans from consumer finance offices may continue collecting on outstanding loans made before that date.

Full detail for every loan type: Virginia lending laws.

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Rent and jobs in Virginia

Typical rent and the jobless rate, to weigh before a loan payment.

Rent and unemployment in Virginia
MeasureValueYear
Fair market rent, 2 bedroom (monthly)[6]$1,735FY2026
Unemployment rate[7]3.6%2026-08

Other options in Virginia

Cheaper options to try first

Worth checking whatever your credit: these can cost less than a high-rate loan.

  • Credit union payday alternative loans (PALs), capped at 28% APR under NCUA rules (12 CFR 701.21).
  • Nonprofit credit counseling through the National Foundation for Credit Counseling.
  • A payment plan from the company you owe, if you ask before you miss a payment.
  • 211 for help with rent, utilities and food: call 211 or visit 211.org.

More cheaper options in Virginia.

Other loan types allowed in Virginia

See every loan type Virginia law allows.

Title loans in nearby states

Sources

  1. law.lis.virginia.gov/vacode/title6.2/chapter22/section6.2-2216. Retrieved September 23, 2026.
  2. Justia. law.justia.com/codes/virginia/title-6-2/chapter-22. Retrieved September 23, 2026.
  3. scc.virginia.gov/consumers/banks-consumer-lenders/file-a-financial-complaint. Retrieved September 23, 2026.
  4. law.lis.virginia.gov. Code of Virginia sec. 6.2-2200 et seq., esp. sec. 6.2-2216. Retrieved September 23, 2026.
  5. scc.virginia.gov. Virginia State Corporation Commission, Bureau of Financial Institutions. Retrieved September 23, 2026.
  6. National Low Income Housing Coalition. Out of Reach 2026: Virginia. Retrieved September 23, 2026.
  7. U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.

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Important disclosures

APRs vary by lender and state in Virginia. Each lender sets its own rates and terms and must show you the APR before you sign.

Representative example

Amount borrowed
$1,000
Annual percentage rate (APR)
36%
Repayment
12 monthly payments
Payment
$100.46
Finance charge
$205.52
Total of payments
$1,205.52

Example: a $1,000 title loan at 36% APR repaid in 12 monthly payments of $100.46 costs $1,205.52 in total, including a finance charge of $205.52. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.

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  • Questions about a lender licensed in Virginia? Contact the Virginia State Corporation Commission, Bureau of Financial Institutions or file a state complaint.
  • You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.