Are Title Loans Legal in Arizona?
According to CNBC, Arizona is one of the most expensive states to live in and has a very high cost of living due to the rise of inflation and population surges across the state. Whether you are a resident of Phoenix, Payson, or any other city in the Grand Canyon State, you may be wondering if you can apply for fast cash through a type of secured loan called a title loan. Although title loans are not available in every state, it is possible to apply for a title loan in Arizona and access emergency funding if you meet the lender’s criteria and provide the correct paperwork to verify your information. 1 3
According to the title loan laws in Arizona, an individual must be at least 18 years of age to apply for a title loan and obtain loan approval. Keep reading to learn more about applying for title loans in Arizona!1
How Do Title Loans Work in Arizona?
Looking to learn more about how title loans work in Arizona? In order to borrow against the value of your vehicle through a title loan, you must pledge your vehicle’s title as collateral for the loan. Once the loan is funded, a title lender will add a lien to your car’s title, but you will be able to access your vehicle during the repayment period. The lien is removed from your title after your loan is paid in full.
Title loans in Arizona are a type of secured installment loan, which means that you will repay your loan in equal monthly installments over a set period of time. Before you sign your loan contract, you can discuss your loan terms with your title loan agent and ask any questions you might have about the repayment process.
Applying for online title loans in Arizona should not be a hassle. Call LoanMart at 855-422-7412 or click here to apply for emergency cash today. If you are eligible for a title loan, you could get your fast cash in one business day!1 3
How Much Can You Get for a Title Loan in Arizona?
Are you curious about the amount of cash you can get through a title loan in Arizona? The amount of money that you can receive through a title loan serviced by LoanMart primarily depends on the following factors:1
- The Total Value of Your Car
- Your Ability to Repay a Car Title Loan in Arizona
Depending on your income, you can potentially access up to 50% of your car’s total value through a title loan in Arizona.1 Take a closer look at some of the key factors that affect the market value of your car:
- Age of the Car
- Make, Model, Style
- Number of Miles on the Odometer
- Overall Condition of the Vehicle
- Location and Market Demand
If you want to figure out the current value of your vehicle, you can visit online car valuation websites like Kelley Blue Book, NADA, or Edmunds and look at the live prices of similar models online. Or, use LoanMart’s title loan calculator to learn more about the value of your vehicle and get a loan quote with no obligation today!1 Applying for title loans in Arizona can be simple and convenient.
Can I Get Title Loans with Instant Approval in Arizona?
Searching for title loans with instant approval in Arizona? Most title lenders do not offer instant approval because they need to verify your income, financial history, and other pertinent information during the application process.
However, if you are a resident of Arizona, you can apply for a title loan serviced by LoanMart online and see if you qualify for instant pre-approval! Click here or call 855-422-7412 to apply for a quick title loan. If you are eligible for a title loan, you can get your fast cash in one business day, so why wait to apply? Get started today!1 3
What Do I Need to Get Title Loans Online With No Store Visit in Arizona?
Applying for title loans online with no store visit in Arizona can be simple and convenient. Upon initial approval for a title loan, you will be asked to provide the following documents:1
- A Valid, Government-Issued Photo ID (A driver’s license, passport, permanent resident card, etc.)
- Proof of Income (Pay stubs, bank statements, disability award letters, etc.)
- Proof of Current Address in Arizona (Recent utility bills, mortgage statements, lease agreements, etc.)
- An AZ Car or Truck Title (Must be in your name at the time of your application.)
Getting title loans with no inspection in Arizona is impossible, but you can conveniently submit a few photos of your vehicle during your loan application to complete a virtual inspection. You will need to take pictures of the following items in order to complete an online car inspection:
- Your Car’s Odometer Reading (Usually Located on Your Dashboard)
- The Back, Front, and Sides of Your Car
- The Vehicle Identification Number (VIN)
Since you aren’t required to visit a storefront location to apply for a title loan, the photos of your car and your documents can be uploaded online during your application or sent to a LoanMart title loan agent via email / text message! Call 855-422-7412 if you have any questions about applying for title loans in Arizona.1
Can I Get Title Loans with No Credit Check in Arizona?
Although getting title loans in Arizona with bad credit is possible, a credit check is an important part of a title loan application. A credit check provides a title lender with valuable insight into a prospective borrower’s financial habits, so it will be difficult to find title loans with no credit check in Arizona.
Realistically, a bad credit score does not develop overnight. Missed or late payments on your credit report, bankruptcy, and excessive debt will negatively impact your credit score over time. Nonetheless, having a bad credit score does not mean that you need to avoid a loan option that requires a credit check.
You may not be confident with your credit history, but applying for a title loan with a poor credit score is possible! Call 855-422-7412 to speak to a LoanMart title loan agent and learn more about applying for title loans with bad credit in Arizona.1
Where Can I Get Instant Online Title Loans in Arizona?
It may not be possible to get instant online title loans in Arizona, but you can conveniently apply for a title loan serviced by LoanMart online or over the phone today!1
Here’s a quick overview of the application process for title loans in Arizona:
- Choose How to Apply
You can fill out this prequalification form online or call 855-422-7412 to speak with a LoanMart title loan agent. Whether you choose to apply online or over the phone, it takes just a few minutes to find out if you are pre-approved for a title loan in Arizona!1
- Upload a Few Documents to Verify Your Information
In order to verify your identity, address, income, and other details, you will have to upload a few documents online during your loan application. If it is more convenient, you can send these documents via email or text message to a LoanMart title loan agent.
- Get Your Money if You Qualify!1
If you are eligible for a car title loan serviced by LoanMart in Arizona, you can choose between one of the following ways to get your title loan funding:1
- Direct Deposit
- Receive a Check in the Mail
- Pick Up Your Cash at a Participating Money Transfer Location Near You in Arizona
Qualified borrowers in Arizona can access their loan proceeds in as little as 24 hours!3
What are the Benefits of Applying for Online Title Loans in Arizona?
Here are some of the benefits that come with applying for online title loans in Arizona serviced by LoanMart:
- Convenient Application Process: If you choose to apply for a title loan serviced by LoanMart, you can expect a simple and streamlined application process that is designed to help qualified borrowers handle a financial emergency.1 3
- Access Fast Cash: Qualified applicants can access their loan proceeds in 24 hours!1 3
- No Hidden Fees and Competitive Interest Rates: You can expect to receive competitive interest rates if you are eligible for a title loan serviced by LoanMart in Arizona. Additionally, there are no hidden fees or prepayment penalties to worry about!1 5
- Keep Driving Your Car: As long as you keep up with your monthly installments, you will not lose access to your vehicle during the repayment process!
- Helpful Title Loan Agents: If you have any questions or concerns about your title loan, our experienced and compassionate title loan agents are ready to help. Don’t hesitate to contact us if you need any assistance!
There are many benefits that come with qualifying for a title loan serviced by LoanMart. If you are ready to apply for a title loan in Arizona, simply fill out a short inquiry form online, or give us a call at 855-422-7412.1
Pay Back Your Title Loan Serviced by LoanMart in Arizona
Because Title loans serviced by LoanMart are so innovative, borrowers could receive advantages with the funding process. Title loans serviced by LoanMart allow eligible people to have access to emergency funding without having to travel too far.1
Title loans serviced by LoanMart allow eligible borrowers to repay their loans in a convenient way. No matter where you are in the state, chances are that there will be a MoneyGram location near where you live or along your daily commute.
Not sure where the closest MoneyGram location is to you? Check out the map below along, which features a dropdown list of a few MoneyGram locations throughout the state of Arizona:
Demographic and Financial Statistics for Arizona
The below table provides some of the key income, loan, and financial statistics for Arizona, which are intended to give you a better understanding of how your financial circumstances compare to other Arizona residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:
|Average credit score (VantageScore®)
|Average FICO® score
|Average student loan debt
|Average credit card debt
|Average monthly car loan payment
|$512 (lease), $576 (loan)
|Share of households that rent
|Median gross rent
|Median value of owner-occupied housing units
|Median monthly owner costs - with a mortgage
|Median monthly owner costs
|Number of bank branches
|Median household income
|Per capita income
|Average title loan amount