Oftentimes when people are looking for quick emergency funds, they consider applying for a title loan. With a title loan, eligible borrowers typically receive funds quickly and easily—even despite having erratic financial history and low credit.
And if you happen to reside in Ohio, the good news is that there is one title loan you should consider applying for—a title loan serviced by LoanMart.
With a title loan serviced by LoanMart, a person could not only receive speedy service, but other unique benefits as well.
What is a Title Loan Serviced by LoanMart in Ohio?
A title loan serviced by LoanMart is a one of a kind title loan created to help people in need of financial assistance. Since this loan is designed to help people, eligible borrowers can expect to receive flexibility and unmatched benefits.
In order to be approved for a title loan serviced by LoanMart, a person will need to use their vehicle title as collateral. By using the vehicle title as collateral, the risk is lessened. Due to the secure nature of title loans, credit may not necessarily play a vital role in the eligibility process.
The Advantages of a Title Loan Serviced by LoanMart in Ohio
A title loan serviced by LoanMart is not your typical title loan because unlike other funding options, a title loan serviced by LoanMart has numerous desirable and innovative benefits, such as:
Long Loan Terms
With a traditional title loan, terms are usually quite short, only extending to about 30 days. But with a title loan serviced by LoanMart, borrowers could extend their loan for years! This gives borrowers plenty of time to repay their loan.
No Surprise Fees—Only Honesty
Hidden fees are often found with most types of loans in Ohio, because this is how more money is made from customers. Title loans serviced by LoanMart offer honesty, which is why there are no hidden fees of any kind.
How to Be Approved for a Title Loan Serviced by LoanMart in Ohio
While a title loan serviced by LoanMart is different from a standard title loan, due to their unique benefits, they are similar in terms of approval. To be approved for a title loan serviced by LoanMart in Ohio, an inquirer will need to use their vehicle title as collateral.
But there are other qualifying factors that will be examined, like:
- The equity in a vehicle
- A person’s ability to repay the loan
To determine the equity in a vehicle, a thorough vehicle evaluation will be needed.
This vehicle evaluation will take the following details into consideration:
- Current mileage
- Any damage the vehicle has (dents, scratches, rust, etc.)
Another factor that will be considered is a person’s ability to repay the loan.
In order for a person to show their ability to repay the title loan, they will need to provide the following documents:
- Disability checks
- Social Security checks
- Recent tax forms
- Pay stubs
Once a person has been approved for a title loan serviced by LoanMart, a loan agent will offer a loan amount and loan terms for your consideration.
Why You Should Acquire a Title Loan in Ohio
If you are a resident of Ohio and are in need of financial assistance, then consider applying for a title loan serviced by LoanMart!
A title loan serviced by LoanMart may be rather easy to attain as a person could apply online and finish the inquiry process in just a few minutes. And while an eligible person could receive their funds within 24 hours, it’s also possible that a person could be funded the same day they apply1!
If you need to acquire a loan in Ohio, it is clear that a great option is a title loan serviced by LoanMart1!