What is a Title Loan Serviced by LoanMart?
Title loans serviced by LoanMart are a unique type of loan that are intended to aid those in financial need. This loan was designed to help as many people as possible, and as such it was made to be as accessible and inexpensive as possible.
A title loan serviced by LoanMart works by using a vehicle’s title as collateral. Since the vehicle’s title is used as collateral, a person’s credit isn’t the main qualifying factor. So even if you have bad credit or no credit, you could still be deemed eligible1.
Repayment for a title loan serviced by LoanMart is rather convenient, as terms are designed to fit around the borrower’s lifestyle and budget.
The Advantages of a Title Loan Serviced by LoanMart
Title loans serviced by LoanMart are great for providing funds quickly and easily1. But besides that, this type of loan also features several other advantages like:
Faster Acquisition of Funds¹
People live busy lives and applying for a loan has traditionally been a long process. But with a title loan serviced by LoanMart, a person can apply for quick funding in a matter of minutes1. Eligible borrowers could even receive their funds the same day they apply1.
More Time to Pay
There are many title loans, but the terms offered are usually rather short. Typically, title loans last about a year or less. But a title loan serviced by LoanMart is different.
With a title loan serviced by LoanMart, a person could have years to pay off their loan. Repayment is that much easier1!
Small Monthly Payments¹
Normally, the monthly payments on a title loan (or any loan for that matter) can vary quite a bit. But a title loan serviced by LoanMart aims to change that. To start, the monthly payments for this type of loan are low than most other loans1.
No Hidden Fees5
There are plenty of loans out there that claim to have low rates and low monthly payments. But what’s not mentioned is that those loans can sometimes come with hidden fees. Hidden fees can take many forms, but some of those fees could be balloon payments or pre-payment penalties.
With a title loan serviced by LoanMart, there are no such fees. So, the only money you have to think about paying is the money you’ve borrowed plus the applicable interest rates5.
Acquire Your Funds Through Your Local MoneyGram¹
To gain access to the funds you borrow, you can go to any nearby MoneyGram location¹. For those living in the Royal Palm Beach area, there are many options available as there are 37 locations to choose from.