What is a Title Loan?
Title loans serviced by LoanMart are a special type of loan created to aid those in times of financial need. Since this loan was designed to provide financial support, almost anybody could be approved.1
Applying for a title loan serviced by LoanMart is done simply by using a vehicle title as collateral. By doing this, almost anyone could be eligible to get a title loan serviced by LoanMart – even those with bad or no credit.1
Applying for a title loan serviced by LoanMart is rather simple, as an inquiry form can be filled out online and completed in only a few minutes. A qualified person could be funded within 24 hours or even the same day.1
In addition to all of this, title loan borrowers can still drive their vehicles while they make timely monthly loan payments.
The Benefits of a Title Loan in Kentucky
Title loans serviced by LoanMart provide numerous benefits for eligible customers, such as:
No Hidden Fees
When a person takes out a loan, typically those loans have hidden fees. Hidden fees most often take the form of balloon payments or pre-payment penalties. Each of these can make paying back a loan much more expensive.
Title loans serviced by LoanMart have no hidden fees, so the only money a borrower has to think about paying is their regular monthly payment.5
Low Monthly Payments
Since title loans serviced by LoanMart are designed to help people, their monthly payments have been designed to echo that. As such, title loans serviced by LoanMart have low monthly payments personalized for each borrower.
Larger Loan Terms
Loan terms for title loans are oftentimes rather short, with terms only lasting about 30 days. But title loans serviced by LoanMart are a bit different in that loan terms could extend for years!1 This convenience allows title loans serviced by LoanMart to be repaid much easier than other types of loans.
What to Spend Title Loan Funds On?
Title loans serviced by LoanMart are designed to help people who are in financial need. As such, it’s one of the top title loan options for individuals who need fast money.
Borrowers have used their funds to cover various expenses, like:
- Costly medication
- Emergency car repair
- Veterinary surgery
- Funeral expenses
- Root canal surgery
Title loans serviced by LoanMart could be used to cover a variety of unforeseen bills and expenses.
Obtaining Funds Through Your Local Money Gram in Cynthiana, Kentucky
Once approved for a title loan serviced by LoanMart, a person can then pick up their funds from their local MoneyGram location. Residents of Cynthiana, Kentucky have a few MoneyGram locations in their area.