Got a car with a clean title and need some cash urgently? Why not apply for car title loan online with instant application and use the title of your car to secure a short-term loan and get the money that you need for any unexpected expenses.
The maximum loan amount varies from lender to lender, but in general it can reach $25,000 which depends on the car which you own and other criteria. You still can use your vehicle if you get a loan and make the payments on time. You get back your clean auto title once you finish paying off the loan in full.
What are title loans or title pawn?
Online title loans are secured short-term loans when auto title is used as collateral. The borrower as the car owner can use the car title to secure an online title loan or title pawn which makes up to 25% of the car’s value. The borrower can freely use the car but is not allowed to sell or damage the car in any way.
Are car title loans available near me?
If you are looking to find a nearby auto title loan lender it is important to make sure, that title loans are legal in your state.
In some states the loan is called car title pawn, which is basically the same service where you secure a loan using your car’s title as collateral but it might have slightly different terms.
To find the best car title loan near me it is much easier to use our online application which takes just five minutes to complete and gets almost instant result. This is much easier and faster than trying to look for physical stores of auto title loans near me.
What are the benefits of instant title loans?
Just like with any other online loan, auto title loans is a financial service which is a fast way to secure some cash when you need it urgently.
Better than payday loans
Since title loans are backed-up by collateral, this means lower risk for the lender and in most cases a better interest rate and terms for the borrower if compared to traditional payday loans which are usually given for a shorter period and have significantly higher interest rate. Also you can borrow a higher loan amount than the one offered by cash advance lenders.
No hard credit check
Any lender offering a loan will make some sort of credit check, but these checks are much softer than those performed by banks. So do not worry about bad credit score, there is still a good chance of getting the desired online car title loan if you meet lender’s criteria.
Do I qualify for an auto title loan online?
Depending on the title loan direct lender you select, the requirements may vary, but in general you should meet the following criteria to get a positive response to your instant title loan application:
- You must be the legal and only owner of the vehicle
- You must have a valid income source which can be proved
- A valid personal ID is required
- You must prove full coverage insurance
- Some direct lenders require additional documents, like bank statements or personal references
If you meet all criteria above, then there is no reason why you should not be qualified to get a car title loan for you vehicle, be it a car or a motorcycle.