Title Loans in Boston, MA
Straight answer first: title loans are illegal in Massachusetts. Massachusetts does not license car-title lending, so no shop in Boston — or anywhere in the state — can legally lend you money against your car title. If someone offers you a title loan here, that is a warning sign, not an opportunity.
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Why there are no title loans in Massachusetts
In states where title lending is licensed, the deal works like this: you hand over your car title, the lender holds it (and often a spare key), and if you miss a payment they can take the car — the one thing you need to get to work. Massachusetts looked at that model and never licensed it. There is no legal way to do it here, which means any "title loan" offered in Boston is operating outside the law. Protect yourself and your car: don't sign it.
The pivot: keep your car, borrow on what's in your closet
Here is the part title-loan shoppers actually need to hear: you keep your car, and you keep driving it. A title loan puts your transportation at risk. A collateral loan at LBC Pawn risks only an item you choose — and most people own something that qualifies:
- Gold jewelry — including broken & scrap gold
- Rolex & luxury watches
- Designer bags — Hermès, Chanel, Louis Vuitton
- Diamonds & fine jewelry
- Electronics — MacBooks, phones, consoles
- Cameras & pro lenses
- Gold & silver coins, bullion, graded collectibles
- Musical instruments, fine art & antiques
How it works: bring your item and a photo ID (18+), we appraise it at the counter in front of you, and you walk out with cash the same day — usually in minutes — at 3% per month, with no credit check. Loans over $2,000 are handled in our private VIP room with bank-level privacy: nobody sees your cash or your loan size. Repay within 4 months and take your item home, or renew online in about a minute with the free MobilePawn app.
Need a bigger number? See large collateral loans — $10,000 and up, our guide to personal loans in Boston, or the overview of collateral loans. First loan with us? Your first loan is free up to $500.
What it costs — the whole cost, up front
3% per month plus a one-time 8% charge in the first month only:
| If you borrow | After month 1 | After month 2 | After month 3 | After month 4 | Renew 4 more months |
|---|---|---|---|---|---|
| $100 | $111 | $114 | $117 | $120 | just $20 |
| $500 | $555 | $570 | $585 | $600 | just $100 |
Month 1 includes the one-time 8% charge; after that it is a flat 3% per month. Renewing means paying the interest and charges due — your loan restarts for another full 4 months, and you can renew from your phone with the MobilePawn app. No hidden fees — the full cost is printed on your ticket before you sign.
*Pawn loans: 3% per month interest plus a one-time 8% charge in the first month only. Example: a $100 loan costs $111 after month 1, $114 after month 2, $117 after month 3 and $120 after month 4. Loans run up to 4 months and may be renewed by paying the interest due. Borrowers must be 18 or older with valid photo ID. Items not redeemed by the end of the loan term may be sold as allowed by Massachusetts law.
Questions we hear
- Are title loans legal in Massachusetts?
- No. Title loans are illegal in Massachusetts — the state does not license car-title lending, so no shop in Boston or anywhere in the state can legally lend you money against your car title. Be wary of anyone who offers you one here.
- Can I borrow against my car at LBC Pawn?
- No — we do not lend against car titles, and legally nobody in Massachusetts can. The good news: you keep your car and keep driving it. Bring valuables you own instead — gold, a Rolex or luxury watch, a designer bag, electronics, coins — and borrow against those the same day.
- What can I borrow against instead of my car?
- Anything valuable you own: gold jewelry (including broken gold), Rolex and luxury watches, designer bags, diamonds, cameras, MacBooks, game consoles, gold and silver coins, and graded collectibles. Loans over $2,000 are handled in our private VIP room.
- What does it cost?
- 3% per month interest plus a one-time 8% charge in the first month only: borrow $100 and it is $111 after month 1, $114 after month 2, $117 after month 3 and $120 after month 4. Borrow $500 and it is $555, $570, $585 and $600. Loans run up to 4 months and can be renewed by paying the interest due.
- What happens if I never repay?
- The item you borrowed against may be sold as allowed by Massachusetts law — and that is the end of it. No debt collectors, no balance owed, no credit damage — and your car was never on the line.
Text a photo of your item to 857-867-6468 and get a ballpark loan number before you come in. Or visit: 1107 Commonwealth Ave, Boston · Mon–Fri 11–6:30 · Sat 11–4:30.