Understanding What a Title Loan Serviced by LoanMart Is
Title loans serviced by LoanMart are a special type of loan that has been created to help people who need financial assistance. Title loans serviced by LoanMart are also rather flexible, as nearly anyone could be approved1.
To be approved for a title loan serviced by LoanMart, the inquirer will need to have a safe working vehicle and a consistent source of income. By using a vehicle’s title as collateral, a person’s credit is not heavily looked at because the loan is secure. Using collateral means that even people with bad or no credit could be eligible for a title loan serviced by LoanMart1.
Applying for a title loan serviced by LoanMart is very simple too, as the 5-minute process could be completed online or in person1. And while most customers are typically funded within 24 hours, it’s quite possible to receive title loan funds the same day1!
Advantages of a Title Loan Serviced by LoanMart in Elsmere
While title loans serviced by LoanMart you could be acquired rather quickly and without much hassle, this loan also offers other benefits as well.
Low Monthly Payments¹
It is not uncommon for title loans to come with large monthly payments. A title loan serviced by LoanMart is different though, as payments stay low throughout the life of the loan¹.
More Time to Repay
Title loans are typically considered short loan terms, which means that they need to be paid back within 30 days or so. But since title loans serviced by LoanMart are designed to help people, their term lengths could extend years – making repayment that much easier for the borrower¹!
Zero Hidden Fees5
When taking out a loan, it’s often found that dishonest loan companies will attach hidden fees in the small print, such as balloon payments or prepayment penalties. But title loans serviced by LoanMart aims to be different than other loans, that’s why title loans serviced by LoanMart have no hidden fees5.
Acquiring Funds Through Your Local MoneyGram Location in Elsmere, Kentucky¹
Once a person has been approved for a title loan serviced by LoanMart, they can acquire their funds from their nearest MoneyGram location.