and auto title loans in Indiana are designed for consumers who need to borrow money only for a short length of time – generally around two weeks.  These car title loans and auto title loans in Indiana are small loans secured by a borrower’s vehicle that typically have very high interest rates. 

Car title loans industry in Indiana is estimated to be about 20 million in revenues and growing.

As car title lenders in Indiana normally charge a triple digit interest rates for auto title loans, opponents of the car title loans industry stressed that Indiana legislature failed to pass legislation in the late 1990s that would have explicitly authorized title loans, title lenders have exploited a perceived loophole in Indiana law to make title loans of over $2,500 at extremely high rates of interest.

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