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Funds Borrowed - Summary of Key Attributes of Various Borrowing Arrangements with Lenders (Detail) - USD ($)
 12 Months Ended
Dec. 31, 2020
Jul. 31, 2020
Dec. 31, 2019
Notes Payable [Line Items]      
Note Amounts   $ 25,000,000  
Average Interest Rate [1] 2.37%    
Notes Payable to Banks [Member]      
Notes Payable [Line Items]      
Note Amounts     $ 39,583,000
Balance outstanding $ 31,261,000    
Average Interest Rate [1] 3.67%    
Notes Payable to Banks [Member] | Medallion Financial Corp [Member]      
Notes Payable [Line Items]      
Note Dates Apr. 30, 2011    
Note Dates Aug. 31, 2014    
Maturity Dates Feb. 28, 2021    
Maturity Dates Sep. 30, 2021    
Type [2] Term loans and demand notes secured by pledged loans    
Note Amounts [2]     19,734,000
Balance outstanding $ 19,734,000    
Payment [3] Interest only    
Average Interest Rate 3.75%    
Notes Payable to Banks [Member] | Medallion Chicago [Member]      
Notes Payable [Line Items]      
Note Dates Nov. 30, 2011    
Note Dates Dec. 31, 2011    
Maturity Dates Feb. 28, 2021    
Type [4] Term loans secured by owned Chicago taxi medallions    
Note Amounts     18,449,000
Balance outstanding $ 10,687,000    
Payment $134 of principal & interest paid monthly    
Average Interest Rate 3.50%    
Notes Payable to Banks [Member] | Medallion Funding [Member]      
Notes Payable [Line Items]      
Note Dates Nov. 30, 2018    
Maturity Dates Dec. 31, 2023    
Type Term loan unsecured    
Note Amounts     $ 1,400,000
Balance outstanding $ 840,000    
Payment $70 principal & interest paid quarterly    
Average Interest Rate 4.00%    
[1] Weighted average contractual rate as of December 31, 2020.
[2] One note has an interest rate of Prime, one note has an interest rate of Prime plus 0.50%, one note has a fixed interest rate of 3.75%, one note has an interest rate of LIBOR plus 3.75%, and the other interest rates on these borrowings are LIBOR plus 2%.
[3] Various agreements call for remittance of all principal received on pledged loans subject to minimum monthly payments ranging from $12 to $85.
[4] Guaranteed by the Company.