LoanMax Review
title-loan from $300 to $10,000
Fast approval • Secure application • No commitment
LoanMax at a Glance
About LoanMax
LoanMax Title Loans LLC, founded in 1990 and headquartered in Alpharetta, Georgia, is one of America's largest title lending companies with over 650 store locations across 17 states. Similar to TitleMax, LoanMax specializes in auto title loans where your vehicle serves as collateral, allowing you to borrow $300 to $10,000 while keeping your car.
As a direct lender with over 30 years of experience, LoanMax has perfected the title loan process: bring your car, title, ID, and proof of income to any store location, get your vehicle appraised in 20 minutes, and walk out with cash the same day. The entire process typically takes 45 minutes from start to finish.
LoanMax's competitive advantage is their flexible repayment options—you can choose 3-month, 6-month, 12-month, or 24-month terms depending on your budget and loan amount. Monthly payments are automatically debited from your bank account, and there's no prepayment penalty if you want to pay off early and save on interest.
With a 7.5/10 rating and 37% approval rate, LoanMax appeals to borrowers who need larger amounts ($3,000-$10,000) and own vehicles with sufficient equity. APRs range from 100-300%, typical for title loans and lower than unsecured payday loans. However, the same risk applies: default on payments and LoanMax can legally repossess your vehicle to recover their loss.
Expert Opinion: Recommended with Caution
LoanMax is nearly identical to TitleMax in products, pricing, and risk. Choose LoanMax if there's a convenient location near you or if TitleMax doesn't operate in your state. The same caution applies: only use title loans for large emergencies ($2,000+), have a solid repayment plan, and understand the risk of losing your vehicle if you default. Exhaust unsecured options first (MoneyLion, OppFi) before putting your car on the line.
Example Loan Cost
Representative example of a typical LoanMax loan:
*This is a representative example only. Your actual APR and costs will depend on your credit profile, loan amount, and state regulations. Always review your loan agreement before accepting.
Pros & Cons of LoanMax
Advantages
- ✓ Large loan amounts ($300-$10,000) based on vehicle value
- ✓ Lower APR (100-300%) than unsecured payday loans
- ✓ 650+ store locations across 17 states
- ✓ Same-day cash within 45 minutes at store locations
- ✓ Flexible repayment terms: 3, 6, 12, or 24 months
- ✓ Keep driving your vehicle during the loan—only title held as collateral
- ✓ No prepayment penalty—pay off early to save on interest
- ✓ Over 30 years in business with established reputation
Disadvantages
- ✗ Risk of vehicle repossession if payments are missed
- ✗ APR still high (100-300%) compared to traditional auto loans (4-8%)
- ✗ Must own vehicle outright with clear title
- ✗ In-store application required—cannot complete 100% online
- ✗ Available in only 17 states
- ✗ Late fees and repossession costs can be substantial
- ✗ 37% approval rate depends on vehicle value and condition
How to Apply for a LoanMax Loan
Start Your Application
Visit LoanMax's website or use our comparison tool to submit your application. You'll need basic personal information, employment details, and bank account information.
Get Approved
LoanMax will review your application and make a lending decision within 24 hours. You'll receive notification via email or SMS.
Review & Accept
Carefully review the loan terms, including APR, fees, repayment schedule, and total cost. Only accept if you understand and agree to all terms.
Receive Funds
Once you accept the loan, LoanMax will deposit funds directly into your bank account. Funds typically arrive within 24 to 48 hours.
Frequently Asked Questions
How much can I borrow from LoanMax?
LoanMax lends $300 to $10,000 based on your vehicle's wholesale value. Typically, you can borrow 25-50% of your car's appraised worth. For example, if your car is worth $20,000, you might qualify for $5,000-$10,000. Newer vehicles with lower mileage qualify for higher amounts. Motorcycles, RVs, and commercial vehicles are also accepted.
What are LoanMax's repayment options?
LoanMax offers flexible terms: 3 months (highest monthly payment, least interest), 6 months (moderate payment), 12 months (lower payment, standard option), or 24 months (lowest payment, most interest). Choose the term that fits your budget. You can pay off early anytime without penalty to save on interest.
What states does LoanMax operate in?
LoanMax has stores in Alabama, Arizona, Florida, Georgia, Illinois, Louisiana, Mississippi, Missouri, Nevada, New Mexico, South Carolina, Tennessee, Texas, Virginia, Wisconsin, Delaware, and Kansas. Not available in states where title lending is banned (California, New York, Pennsylvania, etc.).
Alternatives to LoanMax
While LoanMax is a solid choice, you may also want to consider these alternatives:
- → Credit Union Payday Alternative Loans (PALs) – Lower APRs (28% max) but slower approval
- → Installment Loans – Longer terms (6-24 months) with smaller monthly payments
- → Cash Advance Apps – $50-$250 advances with low/no fees (Earnin, Dave, Brigit)
- → Compare Other Lenders – See all 30 lenders in our network
Ready to Apply with LoanMax?
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Apply Now at LoanMax →⚠️ Important Disclosure
High-Cost Loan Warning: LoanMax loans have APRs ranging from 100% to 300%, which is significantly higher than traditional bank loans. These loans are intended for short-term financial needs only and can be expensive if not repaid quickly.
Responsible Borrowing: Only borrow what you can afford to repay on time. Late or missed payments can result in additional fees, collection actions, and damage to your credit score.
Editorial Independence: Credizen.net is a comparison service. We may earn a commission when you click on lender links or apply for a loan through our platform. All reviews and ratings are based on publicly available data and user feedback. LoanMax has not influenced this review.
Emergency Financial Help
If you're experiencing financial difficulties, contact your local financial counseling service.
- South Africa: National Credit Regulator - 0860 627 627
- Romania: ANPC - 0213142200
- Colombia: Superintendencia Financiera - (571) 594 2222
- Poland: KNF - 22 262 5000