Would you like to know how to get a loan in Orland Park, Illinois without having to go to a bank? If you have never heard of car title loans, you may be surprised to learn that you can get one completely online! You don’t need to go to a bank in order to get a loan in Illinois, in fact, you don’t have to leave the comfort and privacy of your home!
To learn more about car title loans and the online process, rely on title loans serviced by LoanMart to give you all the information you need in this instructive article. The inquiry process will be laid out step by step so you can learn how to avoid having to go to a bank to get the funding that you need in Illinois.
How Online Title Loans Work in Illinois
Car title loans are secured loans that use the title of the borrower’s car as collateral. The main qualifying factors for an auto title loan are the current equity in your car and your ability to repay the loan rather than using just your credit1.
After you are approved for a title loan, the lender places a lien on your title as ownership and keeps it in their possession throughout the life of the loan. However, you still get to drive your car and use it as you usually would as long as you keep making scheduled monthly payments.
Additionally, what makes title loans serviced by LoanMart even better than typical title loan options is that you can do the entire inquiry process online. Title loans serviced by LoanMart is determined to make everything as convenient as possible. In order to do this, the inquiry process was designed to be only three simple steps. This convenience means you don’t have to leave the privacy of your home.
Send in Loan Paperwork Without Going to a Bank
You don’t even need to leave your house or go to a bank to get a title loan serviced by LoanMart in Orland Park, Illinois. The required documents for your inquiry can be submitted through several different methods. All you need to do to submit the required paperwork is scan your documents or take pictures of them and email those files to a title loan agent!
These are the common documents required for title loans:
- Valid Government Issued ID: Such as a driver’s license, passport, or state-issued ID.
- Proof of Income: Like some recent paystubs, pension or retirement account statements, Social Security statements, tax records, etc.
- Proof of Residence: Such as a utility bill, bank statements, mortgage statements, lease agreement, voter registration card, etc.
- Qualifying Title to Your Car: The car title must be in your name.
- Photos of Your Vehicle: Photos of the front, back, both sides, VIN and odometer reading of your car.
- References: Personal and/or professional.
Three Step Inquiry in Orland Park, Illinois
This is a modern era, so there’s no need to go to the bank or leave your home to apply for a title loan in Illinois!
These are the basic three steps to apply for an auto title loan with title loans serviced by LoanMart in Orland Park, Illinois:
- Fill Out the Online Form
The first step to apply is to fill out the easy inquiry form online. It asks just a few straightforward questions about who you are, what your finances currently look like, and what car you want to use for your title loan. You can fill out this inquiry form from any laptop, tablet, or smartphone.
- Send in the Documents
After reviewing your preliminary inquiry form, a loan agent will reach out to request that you send the documents listed in the previous section. Simply scan or take pictures of them and email the files.
- Pick Up Your Money
For the final step, you will be notified of whether you have been approved for a car title loan in Orland Park, Illinois. If you qualify, you should be able to receive your money in as little as one business day1!
So, don’t hesitate! Apply today to get a title loan serviced by LoanMart in Orland Park, Illinois without having to go to a bank1.