What is a Title Loan and Why is it So Great?
A title loan serviced by LoanMart is a unique type of loan that’s designed to aid people who are in need of financial help. Because this loan has been created to help people, it is rather flexible and almost anyone with a vehicle and a source of income could be approved1.
In order to be approved for a title loan serviced by LoanMart, a person will need to use their vehicle title as collateral. By using the vehicle title as collateral, almost anybody could get one of these loans – even those with below-average credit1.
To apply for a title loan serviced by LoanMart, a person can do so online or in person. The inquiry process can take just a few minutes, and upon approval, the applicant could be funded in as little as one business day1!
On top of all this, borrowers can still drive their vehicles while making timely monthly payments.
The Advantages of a Title Loan Serviced by LoanMart
Title loans serviced by LoanMart while may be convenient to obtain, also offer numerous other benefits as well, like:
Long Loan Duration
Title loans oftentimes have terms that are quite short. This can make repayment difficult for some people because the monthly payments are so high. But with a title loan serviced by LoanMart, loan terms could be quite long, lasting years¹! This means the borrower may stress less because the monthly amount due could be significantly less¹.
Low Monthly Payments¹
With traditional title loans, monthly payments can sometimes be quite high. Title loans serviced by LoanMart, on the other hand, don’t have large monthly payments due to the long repayment duration.¹
No Unexpected Fees5
Many loans add hidden fees to the fine print of loan agreements. These fees can be anything from balloon payments to prepayment penalties. Each of which could make paying back a loan that much harder.
But with a title loan serviced by LoanMart, there are no hidden fees5! Borrowers can rest assured knowing that with these unique loans they will only receive pure transparency and honesty.
Apply for a Title Loan Serviced by LoanMart!
Once approved for a title loan serviced by LoanMart, you could easily and conveniently access your funds from your local MoneyGram location. Those who live in Farley, Kentucky have several MoneyGram locations nearby, totaling 6 stores.