Title Loans in Indiana

Title Loans in Indiana

The state of Indiana has been nicknamed the Crossroads of America because many people coming and going across the nation will often use roads that travel through the state. Luckily for Indiana folks, when they need to get some extra funding in a hurry, they can use the title of their car to get a title loan and stay on the road!

What are Title Loans Serviced by LoanMart in Indiana?

Title loans serviced by LoanMart are a unique type of loan. They are similar to other title loans in that you use the equity in your vehicle and the vehicle’s title to obtain emergency funds, but there are some extra perks that come with title loans serviced by LoanMart.

Title loans serviced by LoanMart offer flexibility that many other loans do not. There are so many reasons for Indiana residents to jump on this great opportunity!

How to Get a Title Loan Serviced by LoanMart in Indiana

It is pretty fast and easy to get a title loan serviced by LoanMart¹. The application process can be completed in only a few short minutes¹. This is due to the way the loans have been designed.

The process for getting an Indiana car title loan can be boiled down to these three simple steps:

1. Apply for the Loan

Getting started on the inquiry process for a title loan is pretty quick and painless¹. You will need to fill out a short and easy application. This can be done either online or over the phone. This application will ask you to provide some basic information about yourself and the vehicle you would like to use as collateral for the loan.

2. Get Approved

After you have finished filling out your inquiry form and you have sent it in, you will find out almost instantly if you are eligible for a title loan serviced by LoanMart¹. If you have been qualified, a loan processor will shortly be in touch with you to discuss a rough estimate of terms you could get with an Indiana auto equity loan¹.

3. Get the Funds You Need

After you have sent in your documents and the loan processors have reviewed them, you will be able to decide how you’d like to receive your loan proceeds. You can receive your funds by having them directly deposited into your bank account, receive them through a check, or request a money transfer.

If at any point you become confused about any of the steps in the process or have questions, a loan agent could be of help to you.

How to Qualify for a Car Title Loan in Indiana?

If you are in need of extra emergency funding through a loan in Indiana, then you are in luck! One of the options is a title loan serviced by LoanMart¹! In order to qualify for a title loan in Indiana, all you will need is:

• A car with sufficient equity
• A car title in your name
• The ability to repay a loan on time

If you’ve previously filed for bankruptcy or you currently have low credit, you may still qualify¹! Speak to a title loan agent by calling 855-422-7412 to learn more about your eligibility.

What Documents Are Required for Indiana Car Title Loans?

Although acquiring funding through a title loan in Indiana is a convenient and fast process, there are still a few documents you need to have handy:

• The title for your car in your name
• A set of photographs of your vehicle from all angles, including the odometer and the VIN
• Personal and/or professional references
• Proof of income (paycheck stubs from work, recent bank statements, last year’s tax documents, or other official documents that show you receive reliable income)
• A government-issued photo ID (driver’s license, state ID, or up to date US passport)
• Proof of residence (utility bills from your legal residence or other mailed bills)

Why Go With Title Loans Serviced by LoanMart in Indiana?

Here are just a few of the great reasons to go with a title loan serviced by LoanMart in Indiana¹:

Incredible Flexibility

When it comes to lending, the term “flexible” is not usually something that is factored in by lenders. One of the perks that sets title loans serviced by LoanMart apart from the rest of the competition is unmatched flexibility throughout the entire process.

Accessible Even with Bad Credit

Title loans serviced by LoanMart were made to fit a wide array of different financial situations. For this reason they are widely accessible to borrowers with different credit profiles¹. Whether someone has bad credit, new credit or prior credit issues, they could still qualify¹.

Convenient Ways to Manage Your Loan

When obtaining a loan of any kind, managing and repaying the loan may not be top of mind. Nevertheless, title loans serviced by LoanMart are set up to offer a convenient loan experience throughout the loan. Convenient features include an online portal that allows access to your loan anywhere and anytime, several ways to make payments, and a compassionate customer service team that’s just a phone call away.

What Can I Use the Title Loan Proceeds for in Indiana?

One aspect that makes title loans serviced by LoanMart such an appealing option for emergencies in Indiana is that they can be used to cover various personal or household expenses!

Some of the more common uses for title loans include things like:

1. Paying your rent
2. Home repairs
3. Medical expenses
4. Past-due bills
5. Expenses for emergency travel

Do I Get to Keep Driving My Vehicle with a Title Loan Serviced by LoanMart?

Yes, you can keep and drive your vehicle when you borrow a title loan serviced by LoanMart in Indiana! Just be sure to pay your monthly loan payments on time to avoid any issues.

The reason behind this is that when a title loan is taken out, your vehicle’s title is used as collateral to secure repayment of your loan obligation. The lender will place a lien on it, which means that until the loan is repaid, the vehicle does not legally belong to you. While the lien will be taken off once the loan is fully paid back, the lender has the right to take possession of your vehicle if you miss your loan payments.

Will My Credit Factor into My Eligibility for Title Loans in Indiana?

It is natural that you may be wondering what factors are considered for title loan approval in Indiana. There are a variety of different factors considered, but your credit will not be the main one by any stretch of the imagination. You may still be able to get a title loan serviced by LoanMart even with bad credit!¹

The key qualifying factors that are considered for title loan eligibility include:

Income of the Borrower

One of the main items that will be examined and taken into consideration for title loan eligibility is your income. Your loan officer will need to be able to ascertain that you can consistently make on-time payments for your loan. Luckily, title loans are available to people with all sorts of different incomes, including benefit and retirement income!

The Value of the Vehicle

The equity that your vehicle has will be a crucial factor in determining both your eligibility for a title loan serviced by LoanMart, as well as the maximum amount of money you could be offered to borrow.

How Repayment Works with Title Loans Serviced by LoanMart in Indiana

One of the key details to know when it comes to getting an Indiana vehicle title loan is how loan repayment will work. Fortunately for Indiana residents, repayment of a title loan is just as convenient as any other aspect of the process.

When repaying a title loan serviced by LoanMart, there are numerous convenient ways you can do so, including:

• Visiting a participating money transfer location to pay in person
• Paying through your online account (card or bank account payments)
• Paying over the phone

Your monthly payment amount will be dependent on factors such as the loan amount, interest rate, and loan duration. With title loans serviced by LoanMart, the period for repayment can last several months or years, which in turn gives borrowers the time they need to stretch out their payments if they wish to do so¹.

One more key detail to remember with title loans serviced by LoanMart is that paying early is also an option⁵. Borrowers are not penalized for being financially responsible.

How Do I Get Back My Vehicle’s Title?

Once you have fully repaid your title loan, you may be wondering how to reacquire your vehicle’s title. As a servicer of Indiana Title Loans, LoanMart ensures that the lien on the vehicle title is released when the loan is repaid in full, which will result in the borrower receiving back their title.

In order to get your vehicle’s title back after repaying your loan, you can start the following process:

1. Be Sure All Details are Confirmed with a Loan Agent

Before or right after you have sent in your final loan payment, confirm all address details with a loan agent. Also advise them that you would like to get the title release process started.

2. The Lender Will Be Removed From The Title

After all of your information has been verified and your final payment has been received, the lender or loan servicer will remove the lien from your vehicle’s title, thus giving you full ownership once more! Indiana residents will typically be sent their vehicle in the mail in paper form.

If you have any questions regarding the lien-removal process for your car’s title, you have the option to get in contact with a customer service representative.

Apply with Title Loans in Indiana When You Need Financial Support!

If you are an Indiana resident in dire need of a loan in a hurry, then do yourself a favor and inquire right away for a title loan serviced by LoanMart¹! Doing so may get you the emergency funding you need in as little as 24 hours^{1 3}! Just call 855-422-7412 or complete the online title loan questionnaire.

Demographic and Financial Statistics for Indiana

The below table provides some of the key income, loan and financial statistics for Indiana, which are intended to give you a better understanding of how your financial circumstances compare to other Indiana 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:

What Places in Indiana Can I Get a Title Loan Serviced By LoanMart?