Yes, you can apply for car title loans in Ohio! A title loan is a secured loan option that can allow a qualified applicant to use their vehicle title as collateral for emergency funding. Title loans are designed to provide financial relief to eligible residents of the Buckeye State who need emergency money and may be unable to qualify for many traditional loan options.1 3
Since you are required to use your vehicleās title as collateral for funding, a car title loan can be much more flexible than an unsecured loan. If youāre an Ohio resident who needs fast money, you can apply for an auto title loan online from the comfort of your home today! Start your application for a title loan serviced by LoanMart by completing this short prequalification form online or calling 855-422-7412 to speak to a title loan agent. If youāre eligible for a pink slip loan, you could obtain emergency cash in as little as 24 hours!1 3
Online title loans in Ohio work by allowing you to access a portion of your carās current value and turn it into the fast cash you need for financial relief!1 3 A car title is required to get loan approval since you will need to pledge it as collateral for the loan. It must be in your name at the time of application. Additionally, your vehicle must have a decent amount of equity to qualify as collateral for a title loan.1 3
If your car or truck has enough equity and you meet the lenderās requirements for an Ohio car title loan, you could potentially access anywhere from 25% to 50% of your vehicleās overall value!1
Although you may see the terms ātitle loanā and ātitle pawnā used interchangeably, they are different. With a title loan, you can conveniently drive your vehicle during the repayment process. If you decide to apply for a title pawn in Ohio with a pawnbroker, they usually keep your vehicle in their storage yard until your loan is completely paid off.
Ohio has specific laws in place to protect borrowers from predatory lending practices and requires lenders to operate fairly and transparently within the state. However, title loan laws in Ohio can also apply to applicants, meaning that a prospective borrower must be at least 18 years old to apply for a title loan. A loan is an important decision, so you must be of legal age to handle such a big financial commitment.
Additionally, in order for a lender to determine that you have the ability to repay the loan, you must provide proof of income during your title loan application. However, you donāt need a 9-5 job to apply for an auto title loan in Ohio! If you donāt receive regular pay stubs from an employer, you can provide evidence of an alternative source of income during your application. If you can demonstrate your ability to handle monthly title loan payments and meet the other initial requirements, you can qualify for an Ohio title loan online today!1
Looking for instant online title loans in Ohio? Although itās challenging to obtain online title loans with instant approval in Ohio, you can conveniently apply online and find out if you qualify for instant pre-approval today!1 3 Click here or dial 855-422-7412 to apply for a title loan serviced by LoanMart in Ohio today!1
Qualifying for an unsecured loan can be difficult if you donāt have a strong credit history. However, car title loans in Ohio can be flexible, and the application process is straightforward. You will need to meet the following title loan requirements in Ohio to obtain the funds you need for unexpected expenses:1
In addition to meeting these initial qualifications, there are a few documents you will need to have on hand in order to verify your information during your application for an auto title loan in Ohio. Here is a list of the paperwork you will need to submit:1
If youāre applying for a car title loan in Ohio, you may need to complete an Ohio Bureau of Motor Vehicles Power of Attorney form, sign it in the presence of a notary public, and have the form notarized. If you have any questions about this document or any part of the application process, a title loan agent from LoanMart will be happy to assist you.
With LoanMart, you can conveniently upload your documents online! Or, you can take advantage of the other submission options and send your paperwork via email or text message to a title loan representative.
If youāre dealing with a tough financial situation, like the rising rental prices in Ohio, donāt hesitate to apply for the money you need through a car title loan serviced by LoanMart. Eligible applicants could receive quick funding in as little as one business day!1 3
Yes, getting title loans with bad credit in Ohio is possible! The value of your car and your income are the main factors that will determine your loan amount and eligibility for a title loan. Therefore, credit history isnāt the only factor that a title lender will review during your loan inquiry. So, even if you have a bad credit history, you could still qualify for an Ohio title loan and access the funds you need for a financial emergency!1 3
However, itās worth mentioning that most lenders will verify your financial history during the loan application process. A credit check is an essential part of a title loan application, so finding car title loans with no credit check in Ohio will be difficult, if not impossible.
Financial difficulties can arise for a variety of reasons and negatively affect your credit score. Fortunately, with an online title loan in Ohio, your credit history is your past, but it may not stop you from applying for a loan in the future! You donāt need to avoid a loan option that requires a credit check just because you are not confident with your credit history. You could still qualify for an auto title loan in Ohio, even if you donāt have a perfect credit score!1 Click here or call LoanMart at 855-422-7412 to apply for a title loan with bad credit in Ohio and see if you are prequalified for the emergency cash you need.1 3
Obtaining online title loans with no inspection is impossible because title lenders use a comprehensive car inspection to determine the current condition of a vehicle and its overall value. You may be dreading the thought of scheduling an inspection and traveling to a physical location in order to complete it.
However, one of the many advantages of applying for a car title loan serviced by LoanMart in Ohio is that a physical inspection isnāt required during the application process. All you have to do is take clear pictures of your vehicle and upload them online so a LoanMart title loan agent can review them.
When you are ready to snap your photos, park your car in a brightly lit area that is free of any background distractions, such as your driveway. Make sure to take pictures of the following:
Review your photos carefully before submitting them to a title loan representative from LoanMart. You can use your smartphone to upload them online or email / text your images and documents directly to a LoanMart title loan agent. Applying for title loans in Ohio can be convenient and simple!1
Dial 855-422-7412 if you have questions about online car inspections or applying for online title loans in Ohio!1
Are you searching for the simplest way to apply for car title loans online with no store visit in Ohio? By applying online through LoanMart, you can avoid the hassle of finding a physical storefront location in your state. Simply use your smartphone or computer to begin your application, and if you qualify, you could receive your title loan proceeds in as little as 24 hours!1 3
Call 855-422-7412 or click here to see if you qualify for the funds you need to handle a financial emergency! Visit the FAQ page if you have any questions about applying for online car title loans in Ohio.
Should you gain the eligibility required for a title loan serviced by LoanMart, there are a wide variety of convenient ways that you can go and repay your loan. One of the most convenient options is to visit a participating money transfer location or a MongeyGram.
In order to provide even further assistance and convenience for customers based in Ohio, below is a map as well as list of a few MoneyGram locations in Ohio. However, there are several more MoneyGram locations throughout the entire state of Ohio.
The below table provides some of the key income, loan and financial statistics for Ohio which are intended to give you a better understanding of how your financial circumstances compare to other Ohio 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:
Average credit score (VantageScoreĀ®) | 695 |
Average FICOĀ® score | 715 |
Average student loan debt | $34,721 |
Average credit card debt | $5,560 |
Average monthly car loan payment | $500 |
Share of households that rent | 34% |
Average rent | $825 |
Median gross rent | $870 |
Median value of owner-occupied housing units | $159,900 |
Median monthly owner costs - with a mortgage | $1,338 |
Median monthly owner costs | $504 |
Number of bank branches | 2,890 |
Median household income | $61,938 |
Per capita income | $34,526 |
Average title loan amount | $3,112 |
Learn now about title loan services and cash options in various states
All loans will be serviced by LoanMart. SeeĀ State DisclosuresĀ for additional information. LoanMart is currently not lending in California and does not make loans or credit.
1Loan approval is subject to meeting the lender's credit criteria, which may include providing acceptable property as collateral. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by consumer. Loan proceeds are intended primarily for personal, family and household purposes. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.
2Based on consumers who received a loan from LoanMart from February 2002 to October 2018.
3Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 2PM PT on a business day.
4To exercise the right to rescind, the consumer(s) must notify the lender in writing by midnight on the third calendar day from obtaining the loan. Within one business day from notice of rescission, the consumer(s) must return any monies received and fees paid on behalf of the consumer(s) by certified funds.
5Lenders recommend and encourage consumers to pay early and often and more in order to avoid additional finance charges.
USA PATRIOT ACT NOTICE: IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driverās license or other identifying documents.
If you are using a screen reader and are having problems using this website, please callĀ 844-257-8326Ā for assistance.