What a title loan costs — before New Hampshire’s rules
A title loan is usually a single-payment loan due in 15–30 days at around 25% per month — roughly 300% APR — secured by your vehicle. The defining risk is not the rate but the collateral: miss a payment and the lender can repossess the car, and research finds about one in five borrowers eventually loses the vehicle. Where a state caps rates low, single-payment title lending is not offered and a loan above the cap is generally void.
The law in New Hampshire
- Rate cap
- Maximum 25% per month, roughly 300% APR (RSA 399-A:16 / 399-A:18); loans limited to $10,000 and a one-month term (renewable subject to limits).
- Key law
- New Hampshire RSA Chapter 399-A (Regulation of Small Loans, Title Loans, and Payday Loans); RSA 399-A:18 (Title Loan Lenders).
- Enforcement
- Regulated by the New Hampshire Banking Department. A lender may not make a title loan to a borrower who had an outstanding payday or title loan within the prior 60 days.
New Hampshire caps title-loan interest at 25% per month (about 300% APR) under RSA 399-A, with a $10,000 maximum loan and a one-month term.
What it means for a New Hampshire borrower
New Hampshire allows high-cost car title loans at up to 25% interest per month, which works out to about a 300% APR. Because the term is only one month, the full amount plus interest is due quickly, and the lender can repossess your vehicle if you default.
Before you borrow in New Hampshire
- Check whether the lender is licensed in New Hampshire — many high-cost online lenders are not.
- Revoke ACH authorization in writing to stop automatic withdrawals from your account.
- File a complaint with the New Hampshire attorney general and the CFPB.
- Ask whether the balance is even collectable under New Hampshire law before you pay a collector.
Cheaper first — try these before a title loan in New Hampshire
Title Loans and tribal lenders in New Hampshire
Many online lenders that market title loans to New Hampshire residents are tribal lenders arguing their sovereignty places them outside state rate caps — a separate legal question this site tracks in depth. For which tribal brands lend to New Hampshire residents and how state law applies to them, see the New Hampshire tribal-lending page.
Tribal loans in New Hampshire →Frequently asked questions
Are title loans legal in New Hampshire?
In New Hampshire, single-payment auto title loans are legal and enforceable, commonly around 300% APR, with the car as collateral. The speed is real; so is the repossession risk. Check the total cost and never pledge the car you rely on to get to work.
What is the maximum title loan rate in New Hampshire?
Maximum 25% per month, roughly 300% APR (RSA 399-A:16 / 399-A:18); loans limited to $10,000 and a one-month term (renewable subject to limits).
What can I do about a title loan I already have in New Hampshire?
New Hampshire allows this lending, so the loan is generally enforceable — but you can still revoke ACH authorization in writing, avoid taking a second loan to cover the first, and file a complaint with the New Hampshire attorney general or the CFPB if the lender breaks the rules.