If the title isn't in your name, you'll need to have it transferred before you can use it for the loan. The vehicle title serves as collateral, so it's got to be in your name. Transferring a vehicle title in Alabama involves a few steps. You'll have to complete a title transfer form obtained from the Alabama Department of Revenue's Motor Vehicle Division. You'll also need to pay a title transfer fee. Once the title is in your name, you can proceed with the title loan application process.