What is a Title Loan and How Does it Work for Residents of Westland, Michigan?
A title loan serviced by LoanMart is a vehicle-secured cash loan designed to provide you funding quickly- when you need it the most!1 It allows Westland residents to borrow against their paid-off or nearly paid-off car, truck or SUV.1 Car title loans have a very simple and easy process. Along with that, they can come with affordable, monthly payments.5
The way the auto title loan process works is simple: the borrower’s vehicle title will secure the loan, and the title lender will place a lien on the vehicle, until the loan is paid back. Eligibility and the maximum loan amount you may receive with a Westland car title loan will primarily depend on your capacity to pay back that loan, along with the equity of your car.1
For more convenience, these loans can be processed as same day.1 3 To apply, you just have to fill out a short online application and submit some documents.
And best of all, you can continue driving your car while you’re making your scheduled monthly title loan payments!
Frequently Asked Questions about Title Loans in Westland, Michigan
- Can you get more than one title loan with LoanMart Servicing Title Loans in Westland, MI?
Only one title loan per any one vehicle is allowed at a time. However, if you have a second car it may be possible to take out an additional title loan using that second vehicle. - What kinds of interest rates come with LoanMart Servicing Title Loans in Westland, MI?
Title Loans serviced by LoanMart in Westland, MI come with competitive interest rates. - What documents do I need with LoanMart Servicing Title Loans in Westland, MI?
Generally, basic documents like the vehicle title, proof of income, proof of your address in Westland, and some photos of your car is what you’ll need to qualify for final auto title loan approval.1
Benefits of Title Loan in Westland, Michigan
You can take advantage of several benefits by choosing a title loan serviced by LoanMart for funding:1
Get Money Quickly in Westland, Michigan
With a title loan serviced by LoanMart, you can receive the money you need very quickly! The paperwork only requires a few simple documents, and your credit is not a huge factor with eligibility.1 In most cases, the funds are available for you in as little as one business day, and as mentioned above, sometimes you can even get the money on the same day that you apply!3
Competitive Interest Rates in Westland, Michigan
Interest rates for title loans serviced by LoanMart are competitive. While the available interest rates can change over time based on the economic environment, and can also vary from one application to the next, the interest rates for auto title loan can be competitive, especially when compared to other bad credit loan options like payday loans in Westland. Payday loans are reported to sometimes have rates of 400 percent or higher.
Affordable Monthly Payments in Westland, Michigan
By living in Westland, Michigan, or another city in Michigan like Saginaw, Kalamazoo, or Warren, you can get several months or years to pay back your title loan serviced by LoanMart, which can make the monthly payments very affordable. You may not find such a flexible loan terms with another title lender! Another benefit of car title loans serviced by LoanMart is that you can pay early without any fees or penalties!5
An Easy Approval Process in Westland, Michigan
To apply for a title loan serviced by LoanMart you only have to follow these simple steps:
1) Get the process started by applying online or calling us
2) Once the application is submitted, a loan agent will contact you to help with the next steps. You will need to send some documents to verify your loan application information. These documents can be conveniently uploaded online, or sent via email or text message.
3) Once you receive final approval, you can choose how much you’d like to borrow (within your approved range), choose how you’d like to receive your loan funds, and then sign the title loan agreement that will be prepared for you.1 There are several convenient ways you can choose to receive your funds – electronically, by check, or in-person at a participating money transfer location. And that’s it!
How Can I Pay A Westland Car Title Loan Serviced by LoanMart
Title loan borrowers in Westland can make payment in several ways, and are welcome to choose whichever payment method best suits their needs! Customers can pay:
- Online through the customer web portal or LoanMart’s mobile app
- Over the phone
- By setting up recurring payments from their bank account
- In person at participating money transfer locations, including MoneyGram
MoneyGram locations nearby to make title loan payments can be found using the following map:
