What if I cannot payback within 30 days?

If you are unable to pay back your loan at the end of the 30-day period, that is no problem. In fact, most customer are unable to payback their loan within the first 30 days. Paying your loan back in the first 30 days is the best because way to lower the cost of your loan, but it is not required. You just have to pay at least your accrued interest to extend the transaction for another 30-day period. We always advise our customers to pay more than your minimum accrued interest to lower the outstanding principal balance, which will then lower the minimum payment owed on your next payment.

If you are first-time borrower, you may be eligible for our 30-day Interest Free promotion.  Capital Title offers a 30-day interest free promotion to our first-time borrowers. Are you wondering how does this work if you cannot pay the loan back in 30 days? No problem! This promotion is valid for the life of your loan at Capital Title. This means you can pay your accrued interest by your due date, which will extend your loan for another 30 days. You can make your interest payment as each month until you are ready to pay your loan in full and at that time we will waive the accrued interest, leaving just the outstanding principal balance due to get your title back!

30-day Interest Free; Not all customers will qualify for 30 Days Interest Free Promotion. In order to qualify for the 30-day Interest Free Promotion, you must meet the following criteria: 1) Have a lien free title to your vehicle that is valued at least $1,000; 2) Have verified, documented income of at least $1,000 a month after taxes; 3) Provide an acceptable proof of Residency such as a service bill or bank statement in your name. You must open an account with Capital Title in order to receive the promotion. Promotion must be requested to a Capital Title representative prior to the completion of your Motor Vehicle Pawn Transaction in order to qualify. Promotion only valid one (1) time, per customer.

Still have questions? Call our knowledgeable Capital Title staff at (850)297-2274 with any questions you may have.