Knowing What a Title Loan Serviced by LoanMart Is
A title loan serviced by LoanMart is a loan that’s been created to help people in financial need. As such, the qualification requirements are quite flexible.
To apply for a title loan serviced by LoanMart, a person must submit some personal information through a short questionnaire, either online or over the phone. And while eligible borrowers are usually funded within 24 hours, funding could also be received the same day1!
To be approved for a title loan serviced by LoanMart, a person will need to use their vehicle’s title as collateral. By doing this, nearly anyone could be approved – even those with bad credit1.
The Benefits of a Title Loan Serviced by LoanMart in Mount Sterling
Take a look at all the incredible benefits provided to borrowers of a title loan serviced by LoanMart in Mount Sterling, Kentucky:
Low Monthly Payments¹
Title loans serviced by LoanMart are designed to provide financial support. As such, the monthly payments have been designed to show that. Unlike other loans where the monthly payment and interest are high, title loans serviced by LoanMart have low monthly payments and rates¹.
Longer Loan Terms
With a more traditional title loan, terms tend to be quite short and they typically need to be paid back within 30 days. However, title loans serviced by LoanMart are not your traditional title loan, so terms could extend for years¹. This could make repayment all the easier for the borrower.
Zero Hidden Fees5
Loans oftentimes have hidden fees, which can sometimes take the form of balloon payments or pre-payment penalties5. With title loans serviced by LoanMart, there are no hidden fees to worry about so the only thing that a borrower has to pay is their monthly bill5.
What to Use Title Loan Funds For?
Title loans serviced by LoanMart are designed to help people who need financial assistance. Therefore, they are perfect for those unexpected financial emergencies.
Borrowers have used their title loan funds to pay various expenses, such as:
- Funeral expenses
- Medical supplies
- Attorney fees
- Car repair
- Veterinary surgery
- And many other emergencies!
Obtaining Funds from a Local MoneyGram in Mount Sterling, Kentucky
After a person has been approved for a title loan serviced by LoanMart, they can visit their nearest MoneyGram location to obtain their funds.