What’s a Title Loan?
A title loan serviced by LoanMart is a unique type of loan created to help those in times of financial need. That’s why title loans serviced by LoanMart are very amenable and can easily fit into most people’s budgets.
Title loans serviced by LoanMart function by using a vehicle’s title as collateral. Therefore, a credit check is not heavily looked at during the approval process.1 Speaking of the approval process, that too is quite flexible, as even people with bad credit may still be approved.1
Repaying a title loan serviced by LoanMart is rather convenient too, as terms can extend years.1 Repaying this type of loan may be much easier than most other types of loans. But one of the greatest aspects about a title loan serviced by LoanMart is that you can keep driving your vehicle – all the while you are making timely monthly payments.
Benefits to Using a Title Loan in Oakbrook, Kentucky
Title loans serviced by LoanMart already provide borrowers with great benefits, like the impressive long loan terms and quick approval process. But those benefits only scratch the surface of what a title loan serviced by LoanMart can provide.
The following are additional benefits that this innovative loan type has to offer customers:
Zero Hidden Fees
Hidden fees can be annoying, as anyone who has dealt with them before can attest. Hidden fees can take many forms, but the most common ones are balloon payments and pre-payment penalties. Since title loans serviced by LoanMart are designed to help people, there are no hidden fees.5 Therefore, the only thing a borrower needs to worry about is paying their regular monthly bill when they pay on time.
Faster Acquisition of Funds
A title loan serviced by LoanMart was created to help people. That’s why these loans can be acquired quite quickly since the inquiry process can be completed in just a few minutes and approval could be gained in as little as one day.1
Low Monthly Payments
Typically, the monthly payments for most car title loans are rather high and they don’t change. But for those who take out a title loan serviced by LoanMart, monthly payments start fairly low.
Accessing Funds at Your Local MoneyGram Location in Oakbrook
After you’ve been approved for a title loan serviced by LoanMart, you will need to collect your funds. To gain access to your newly acquired funds, you must do so by going to your nearest MoneyGram location. As a resident of Oakbrook, Kentucky, you are in luck because there are 20 locations in the area.