DISCLOSURE: All of our loans are between 12 months or more with no prepayment penalty. There is no late charge if paid late. We are licensed by the State of South Carolina Board of Financial Institutions. Our rates are 300% and there is a payment calculator on the this page. We are not a payday lender. This is a solicitation for a loan. This is not a guaranteed offer and is subject to a vehicle evaluation, income verification and time at your residence and the rough wholesale value of your vehicle. Our interest rate is 25% a month which equals to 300% annually. For a loan of $601.00 you will pay 12 payments at approximately 165.36 for a total note of 1984.32. You will roughly pay back 3 times the amount you borrow in 12 months at 300%. If you are a resident of South Carolina we will charge a $15 lein fee. This is a high interest loan, if you have the ability to borrow money at a lower interest you should, you are putting your automobile at risk.
Thank you for your interest in 1st Capital Title Loans we are a Supervised Lender licensed under South Carolina law. Loans made by 1st Capital are supervised loans authorized by the South Carolina Consumer Protection Code, § 37-3-501 et seq. and are not short-term vehicle secured loans as defined by South Carolina Consumer Protection Code, § 37-3-413.
The complete schedule of fees and charges for our secured installment loan product is set forth below. If we do not have a current lien on the pledged motor vehicle collateral, we will impose a title lien filing fee of $15 (amount set by South Carolina law). The title lien filing fee, which is included in the amount financed/loan principal, will be paid directly to the Department of Motor Vehicles from the loan proceeds.