What is a Title Loan?
A title loan serviced by LoanMart is a special type of loan that is meant to help those in times of financial need. Since this loan was created to help as many people as possible, it’s both manageable and flexible as possible.
This type of loan works by using a vehicle’s title as collateral. Due to the security of the loan, credit is not the main qualifying factor.1 Eligibility for a title loan serviced by LoanMart is flexible – even with bad credit.1
Repayments terms for this loan are different from other types of loans, as terms are personalized to fit the borrower’s budget. Although, the best part about a title loan serviced by LoanMart is that you can still drive your vehicle while you pay back your loan.
The Benefits of a Title Loan in Orland Park
While a title loan serviced by LoanMart could be obtained rather quickly, there are other added benefits, such as1:
Small Monthly Payments
Though there may be other title loans out there, the monthly loan payments can be rather high. But with a title loan serviced by LoanMart, you won’t have to worry about large monthly payments as payments start small.
Extended Time to Pay
When it comes to title loans, the terms lengths are typically rather short. Most terms usually only extend to about 12 months. However, a title loan serviced by LoanMart is different as term lengths could extend years – making repayment that much easier.1
Obtaining Funds Faster
Applying for a loan and waiting to be approved can be a rather long process. Though with a title loan serviced by LoanMart, a person could apply for a loan in a matter of minutes.1 Plus, an eligible borrower could receive both approval and funding the same day they apply!1
Zero Hidden Fees
There are typically hidden fees attached to loans. These fees can take many forms, but common fees are balloon payments and pre-payment penalties. But a title loan serviced by LoanMart is different, as there are zero hidden fees to worry about.5
Accessing Your Funds Through Your Local Money Gram in Orland Park
Once you have been approved, the next step will be to receive your funds. To obtain your title loan funds, you can go to any MoneyGram location in your area. Residents living in Orland Park have many options to turn to, as there are 33 locations within a 10-mile radius.
To help you find your nearest MoneyGram, a map and a list of the nearest locations have been provided.