What is a Title Loan and How Does it Work in Chicago, Illinois?

A title loan serviced by LoanMart is a type of title loan. These loans make funding fast and simple. It is an innovative title loan that is made to be affordable to a wide range of borrowers.

The way that a title loan serviced by LoanMart works is that the loan is secured by the borrower’s vehicle title.1Ā Eligibility for the loan and the loan amount will both largely be determined by an applicant’s ability to repay and the equity in their car.

One advantage of these loans is that those in Chicago can keep and drive their car while repaying the scheduled monthly payments.

The Different Benefits of a Title Loan in Chicago, Illinois

There are definitely a few things that make title loans serviced by LoanMart stand apart. Here are a few of the benefits that could come with a title loan serviced by LoanMart in Chicago, Illinois:

Payments that Are Kept Affordable for Residents of Chicago, Illinois

Title loan borrowers will get low monthly payments. This loan was designed to be accessible, and the monthly payments will reflect that!

Years to Repay the Loan in Chicago, Illinois!

Residents of Chicago, Illinois can expect years to repay the title loan serviced by LoanMart.1Ā Also, there will be no pre-payment penalties if you want to pay your loan off early.5

Fast Funding For Residents of Chicago, Illinois

Title loans serviced by LoanMart offer residents of Chicago the possibility to get their money as soon as the same day that they apply!1Ā The inquiry process only takes a few minutes and can be done from the comfort of home.1

Get Your Funds through MoneyGram in Chicago, Illinois!

The approved funds from a title loan serviced by LoanMart can be picked up at any MoneyGram location in Chicago, Illinois. Ā If you never used this service before, here is a guide for you to complete the retrieval process successfully:

  1. Wait until you receive an email that the approved funds are ready to be picked up.
  2. Print out the email or take a screen capture of it.
  3. Find the most convenient MoneyGram location for you.
  4. Check the directory below to ask for customer service hours.
  5. Show your email at the MoneyGram location and follow their instructions to get your funds.

If you think a title loan could be the right financial solution for you, then contact LoanMart to see how they can help. Call 1-855-277-4847 to speak with a representative or fill out the quick 5-minute initial inquiry online to see if you are approved for fast and efficient funding today!

Here is a map and store location information in Chicago, Illinois: