Title Loans in Montana

What are Montana Auto Title Loans Serviced by LoanMart?

A challenging financial situation can often come out of nowhere. A few unexpected bills or expenses can set anyone’s budget back and leave them in tough place! Montana residents who own a paid-off car or truck can borrow against their vehicle to get fast cash with a title loan.¹ While many traditional loan options can be difficult to qualify for, and can come with onerous requirements, Montana title loans are designed to be fast and easy to qualify for, even if you don’t have a good credit score.¹

Whether you’re a resident of Billings, Missoula, Great Falls or a rural part of the state, a vehicle-secured loan may be one of the fastest way to access the funds you need.¹

Title loans, also known as auto equity loans, are secured through collateral, which means you have a better chance to get approved for the money you need compared to an unsecured loan.¹ Applying for an auto title loan could be fast and easy, and the approval process can be just as quick.³ If you’re approved for a title loan, you could receive funding in as little as 24 hours!³ 

With online title loans serviced by LoanMart in Montana, you can also save the hassle of driving to a loan store to start your application – you can do everything online!³

How Do Car Title Loans in Montana Work?

Car title loans work by using the borrower’s car title as collateral for the loan. Due to their secured nature, the lending risk is lower, which allows title loan lenders to offer more flexible approval terms and offer credit to borrowers with bad credit.¹ Many applicants who struggle with getting approved for unsecured loan options may find that a car title loan is different! You would primarily need to meet the following criteria to get approved for car title cash in Montana:¹

• Have a Qualifying Car
• Have An MT-Issued Vehicle Title in Your Name
• Prove Your Ability to Make Title Loan Payments
• Meet the Age Requirement (18 Years or Older)

It’s important to note that your car must have a certain amount of equity to qualify for a title loan. Remember that a title loan lender will place a lien on your vehicle title until you have paid off the loan in full. Once you complete the repayment process, the lender will remove the lien from the car title, making it free and clear again! If you miss payments and fail to pay an auto title loan in Montana however, lenders have the legal right to repossess your car and sell it to recoup the loan amount. Usually, title loan lenders prefer to avoid doing that, so be sure to proactively communicate with your lender or loan servicer if you anticipate not being able to make a loan payment on time.

Your maximum loan amount is primarily based on two major factors: your vehicle’s equity and your income.¹ So if you’re hoping to get a large loan amount, your car would need plenty of value, plus you will need the right income to support the monthly loan payment.¹ If you don’t know your car’s current equity, that’s pretty typical of most vehicle owners! You can use LoanMart’s online calculator tool to quickly obtain an estimate with a quote, free of obligation.¹ Just provide the following information about your car to get it pre-qualified:¹

• The Year a Manufacturer Released Your Vehicle
• The Make and Model of Your Car
• The Current Mileage Listed on Your Vehicle’s Odometer Reading
• The Style of the Car

Once you receive an estimate on your vehicle’s available equity, you could contact a car title loan agent with LoanMart to determine if it qualifies for Montana title loans.¹ 

Do I Need Documents to Apply for an Auto Title Loan in Montana?

In addition to using your car’s title as collateral, a title loan representative from LoanMart will ask you to submit some documents to verify your information and vehicle ownership. While that may sound daunting, there’s no need to worry! The required documents should not be hard to gather!¹ While some loan options require you to send the paperwork through the mail or provide it in person, that can be inconvenient when you need your money now! Thankfully, an auto title loan serviced by LoanMart offers the convenience of submitting them all online!

Contact your local Department of Motor Vehicles(DMV) if you are missing any key documents, like your driver’s license or vehicle title. Whether you live in Bozeman, Helena or elsewhere in Montana, you can expect to need the following documents during the loan process:

• Vehicle Title: When applying for a title loan serviced by LoanMart, a title loan agent will ask you to submit a title to a qualifying vehicle in your name. However, it’s essential to note that you could still be eligible for funding if you co-own the vehicle and someone else is listed on the title besides you!¹ 
• Proof of Income: Did you know that you can use different forms of income to demonstrate your ability to repay a title loan? Some common examples include: bank statements, pension income, pay stubs, retirement income, a letter of employment from your employer, settlement income, worker’s compensation, or even Social Security/Supplemental Security Income.
• Proof of Montana Residence: A title loan representative with LoanMart will ask you to validate your Montana address using a few document options. You could use items such as recent credit card statements, rental/lease agreements, mail or phone bills, etc. Dial 855-422-7412 to learn more about the types of documents you can use to prove your Montana address.
• References: You may have to provide personal or professional contacts to a title loan agent. If you prefer, you could present both types of references.

Once you’ve submitted all your title loan documents, you’re on your way for final approval for a car title loan!¹

Are Car Inspections Necessary When Getting a Montana Title Loan?

To qualify for title loans in Montana, a title loan agent from LoanMart must verify your car’s condition. Typically, most title loan options prefer to do this through a car inspection in person. It can be a huge inconvenience for borrowers to drive to a title loan store just to get an inspection done; they would have to waste time setting up an appointment and traveling to store location! But with an auto title loan serviced by LoanMart, you can complete the entire inspection online for your convenience.

You may wonder, “How is it possible to do a car inspection electronically?” In fact, it’s quite easy!¹ Instead of driving to a physical location, you can simply take a few clear and visible pictures of your vehicle. That includes the following:

• Front
• Back
• Driver-Side Door
• Passenger-Side Door
• Vehicle Identification Number(VIN #)
• The Car’s Odometer Reading

As soon as you have the images ready, you can conveniently upload them via the customer portal, or email or text them. You might only have to wait a few moments before getting a response regarding your approval status.³ Don’t hesitate to contact a title loan agent if you have questions about this step in the loan process.

How Do I Pay Online Car Title Loans in Montana?

Not only can you get title loans online, but you can also make payments on them without going anywhere!¹ With a car title loan serviced by LoanMart, you can conveniently make your monthly payments wherever you are.¹ Simply choose a payment method that fits your needs:

• Set Up an Automatic Withdrawal
• Pay Through Your Phone By Using Your Bank Account or Payment Card
• Pay Online Through the Customer Portal or LoanMart App

Suppose you find yourself having issues with paying off your auto title loan. Here are some budget ideas that could let you manage your installments:

• Pay Title Loans Early, If You Can⁵
• Create a Plan to Maintain Payments
• Pay More Than What You Owe That Month
• Limit Spending to Focus on Your Monthly Installments
• Be on Top of Every Statement and Payment Dates
• Make Extra Money on the Side If Possible
• Calculate the Interest on Your Loan and Create a Payment Strategy

If you have any questions regarding payment or budget strategies, don’t hesitate to call a title loan representative from LoanMart and ask for clarification!

Are There Any Benefits in Obtaining an Auto Title Loan in Montana?

The advantage of obtaining a car title loan without showing the car in person isn’t the only benefit you’d receive when you get a title loan serviced by LoanMart in Montana.^{1, 3} 

Take a look at some of the additional benefits you could enjoy when you qualify for title loans serviced by LoanMart:¹

• Competitive Interest Rates¹
• No Hidden Fees or Prepayment Penalties⁵
• No In-Person Vehicle Inspection Required
• Convenient and Flexible Online Approval Process¹
• Extraordinary Customer Service
• Keep Your Keys During the Repayment Period
• An Online Portal to Keep Track of Your Balance and Due Date Each Month

Speak with a title loan agent from LoanMart today by dialing 855-422-7412. Don’t wait to find out if you can qualify for the cash you need through a title loan in Montana!

Apply for Title Loans Serviced by LoanMart in Montana Today!

Do you feel like a Montana title loan is the best resource you have to get back on your feet financially? You can easily find out if you can qualify with a flexible online car title loan process!¹ Just follow these three basic steps to find out if you are approved for quick funding:^{1, 3}

Call or Click:

Begin the title loan inquiry by filling out a short preapproval form online or call a title loan agent at 855-422-7412. Both options might only take minutes to complete, and if you qualify, you could quickly move on to the next step in the approval process!³

Submit Your Required Documentation:

You can start uploading your paperwork online if you’re preapproved for quick funding.³ The sooner you send your documents, the sooner you could get your cash!³

Get Your Money!¹

If you’re approved for a title loan, you may be ready to collect your cash! You can choose between a direct deposit to your bank account, a check sent in the mail overnight, or simply pick up your funds at a participating money transfer location near you!¹

Find out if you can get the financial assistance you need to cover your expenses! Quickly apply for a Montana car title loan through an easy online process within minutes!³ If you qualify, you could receive funds in no time!³ Contact a title loan representative from LoanMart if you need assistance.

Where Can I Repay a Montana Car Title Loan?

Title loan borrowers in Montana can access several convenient payment methods with title loans serviced by LoanMart. They include online options provided through the customer portal and the LoanMart app, phone options and even in-person cash payments at participating money transfer locations in the state.

One of the money transfer businesses where payments can be made is MoneyGram. To find the closest location near you in Montana, simply use the below map:

Financial and Demographic Indicators for Montana

The below table provides some of the key income, loan and financial statistics for Montana, which are intended to give you a better understanding of how your financial circumstances compare to other Montana residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:

What Places in Montana Can I Get a Title Loan Serviced By LoanMart?