Title loans are a quick and easy way to get cash on the spot. The title loan process is as follows: you go to a lender and hand over your car title as collateral until you pay off the loan. The lender will then give you cash for the amount of the loan minus fees and interest, which will be paid back at a set time with monthly payments. A title loan can be paid off quicker than other types of loans because it doesn’t require collateral that is locked up for an extended period of time. A title loan is a type of loan where the borrower gives the lender the title to their vehicle as collateral for the loan. This type of lending is beneficial because it doesn’t require anything more than the title to your car to get approved.