Title Loans in Ohio Completely Online

How Do Title Loans in Ohio Work?

One of the ways a person can access their vehicle’s equity is through a car title loan. You may have heard of other equity-based loans, such as home equity loans; a line of credit on your home known as HELOC. With title loans in Ohio, a person is using their vehicle’s title instead of their credit history to obtain the financial help they need.

Using your vehicle’s title as collateral for the loan helps you turn your vehicle’s available equity into the cash!¹ The use of collateral during the approval process for the loan could make it flexible and less of a hassle than traditional bank loans. When you are approved for a car title loan, your loan provider or lender will become the lienholder, which gives them legal access to your vehicle throughout the duration of the loan.

During the repayment process, your on-time payments will ensure that you keep your normal driving habits for work and errands. Once the loan has been repaid in full, your lender is removed as the lienholder, and your title becomes clear.

How Can I Qualify for an Auto Title Loan in Ohio?

Unlike many traditional loan options, inquiring for a title loan in Ohio can be less of a hassle. To qualify for most title loans in Ohio, you will need:

1. A Vehicle Title in Your Name
2. A Steady Income or Alternative Income
3. A Qualifying Car with Equity

If you are like most vehicle owners in Ohio, you may not know what your car’s current equity is. Auto title loans require a vehicle to have a certain amount of positive equity, which is the difference between the market value of the vehicle and what is currently owed on it. The more equity your vehicle has, the more there is to borrow from and turn into cash.¹

While this may seem complicated, an easy way to find a free title loan quote and equity estimate is through the LoanMart title loan calculator tool online. Simply input a few bits of information about your car to receive an estimate!

How Fast is the Process to Get Title Loans in Ohio?

If you’re facing a tough financial emergency, you don’t have time to waste. With title loans serviced by LoanMart, getting approved for a loan has never been easier!¹

LoanMart is in the business of financial emergencies and has streamlined the process to inquire for a title loan. You can find out if your vehicle and income qualify for cash fast through the three-step approval process:

1. Get a Pre-Approval Estimate¹: Choose between a call with a representative at 855-422-7412 or through short inquiry form online. Both ways can help you get a fast and free loan estimate. It can take no time at all to see if your vehicle is qualified for the cash you need!³
2. Send in a Few Documents: If you have received pre-approval, the next step is to submit a few documents to prove your information and verify your vehicle ownership. The sooner you send in your items, the quicker you can get your cash!³
3. Collect Your Funds: After you have sent in your documents online through email or fax, the last step is to sign your loan agreement and collect your funds. Qualified borrowers can choose between a check in the mail, wire transfer, or pick up their funds at a participating money transfer location nearby.

If you are qualified for a title loan serviced by LoanMart, you can pick up your cash in as little as one business day!³

What Documents Do I Need for a Car Title Loan in Ohio?

Applying for title loans in Ohio should not be a complicated ordeal. Luckily, LoanMart has streamlined the title loan documentation process in Ohio to help those in a financial emergency get their cash fast, and efficiently!¹

There will be a few documents needed to help a loan agent verify your information and speed the process along. You can expect to need these documents handy during the approval process:

1. Government or State Issued ID: This could be a driver’s license, passport, or other form of identification from the Ohio government.
2. Recent Photos of the Vehicle: While most in-person title loan providers require a vehicle inspection, this process allows you to send in a few photos of your vehicle to bypass it! Take pictures of the back, front, and sides of the vehicle as well as the VIN.
3. Bank Statements, Pay Stubs, or Another Way to Prove Your Income: While you do not need a 9-5 job to apply for a car title loan, you will need some proof that you can afford a loan payment each month. A disability award letter, tax statement, or other form of government-issued income could be used to prove your income alternatively.
4. Proof of Ohio Residency: If you are planning to apply for title loans in Ohio, you must be able to prove you are a resident. You can do so by showing a utility bill, or even a recent credit card statement to your address. Or, use your mortgage statement or rental agreement.
5. Qualifying Vehicle Title: To apply for a car title loan serviced by LoanMart, you must have a qualifying vehicle title in your name. If the title is not currently in your name, the loan agents at LoanMart can help you get situated!

These documents can be submitted online via email or fax for your convenience during the approval process.

Do I Need Great Credit to Qualify for a Title Loan in Ohio?

Anyone that faces the challenge of a tough financial situation can attest that their credit history was not perfect during those times. If your credit history is less than ideal, it is tough to qualify for a personal loan to get back on your feet.

A title loan is a collateral based loan, however. A person that applies for a title loan is using their vehicle’s equity instead of their credit history to obtain cash! When applying for a title loan serviced by LoanMart, your credit may be looked at, but it will not be the focus of the approval process. Instead, these three factors will be analyzed by a loan agent to determine both your eligibility and your loan amount:

1. The Value of Your Vehicle and It’s Equity
2. Your Income
3. Your Ability to Repay the Loan

The more value your vehicle has and the greater your ability is to repay the loan, the larger your loan amount could be!¹ While your financial situation may have hit your credit hard, it may not disqualify you from the cash you need.¹ Title loans have flexible requirements and can cater towards borrowers with an imperfect credit history.¹ If you possess a vehicle with equity and you have a steady income, it can be easier than you think to qualify for a car title loan in Ohio.¹

Can I Qualify for a Car Title Loan in Ohio if the Title is not in My Name?

There are many reasons why your vehicle’s title may not be in your name yet. Before you can apply for a car title loan in Ohio, however, the title must be in your name. If you are unable to locate your title or the vehicle title is not in your name, a LoanMart agent may still be able to help you!

An agent can walk you through the process of transferring your vehicle title into your name. To get started on the title transfer process, you will need to visit your local Ohio Bureau of Motor Vehicles, otherwise known as the BMV.

If you need transfer your vehicle’s title into your name, you will simply need to visit your local BMV and bring the following documents:

1. Your Vehicle’s Title
2. Your Vehicle Registration
3. Some Form of Payment, Cash Preferred

After your vehicle’s title has been transferred to your name, it can be used to apply for a car title loan in Ohio.

What are the Benefits of an Auto Title Loan in Ohio?

When you’ve been faced with a tough financial situation, your primary concern is obtaining the cash you need to fix it. But did you know that car title loans serviced by LoanMart in Ohio can offer more than just cash?

Take a look at some of the benefits of securing a car title loan serviced by LoanMart:

• Exceptional Customer Service: The customer service agents available to you can make or break your loan experience. Through LoanMart, you can expect help that is just one phone call away. Loan agents are available for seven days a week, outside of a 9-5 schedule to help answer any questions you may have about your loan.
• Quick Cash: Qualified borrowers through LoanMart could receive their funds in as little as 24 hours!³
• Get Approved Quickly¹: If you are in the midst of a financial emergency, there’s no time to waste. With title loans serviced by LoanMart, the approval process can take no time at all to complete.³ Take advantage of the quick, three-step process that can be completed online from the comfort of your home!¹
• Bad Credit Won’t Always Hold You Back¹: You don’t need a perfect credit history to be an ideal candidate for a title loan.¹ Even if you had trouble getting approved for a loan in the past, you could qualify for an auto title loan in Ohio!¹
• Keep Your Car: Approval for a car title loan with LoanMart can come with more benefits than cash!¹ LoanMart understands that your vehicle is important to you and your transportation needs. Pay off your loan on time and keep your normal driving routine while you spend your new funds.

What Can I Do If I Can’t Afford My Car Title Loan in Ohio?

Financial emergencies can happen unexpectedly. There could be a job loss, or an unexpected bill that pops up to throw your budget off track. If you struggle financially and cannot afford your loan payment, there are steps you can take to get on the right track again.

LoanMart can work with you to keep your loan manageable, but some things are out of your control. Too many missed payments on a title loan will lead to the repossession of a vehicle in Ohio. To avoid defaulting on your loan and this scenario, reach out to your LoanMart agent and find out your options.

Refinancing your title loan could be an option if you communicate your hardship. To refinance your loan, simply contact a loan agent at 855-422-7412, or go online to being the process. It can be just as simple as applying for a car title loan in Ohio!¹

Online Title Loans Serviced by LoanMart in Ohio

Applying for a loan can be as easy as ordering online! A title loan serviced by LoanMart in Ohio can be the perfect way to get back on track where you need to be.¹

Here at LoanMart, you don’t need to be the perfect borrower to get the financial help you need.¹ Get started on your car title loan today by filling out a short form online that takes no time at all. Or give a loan agent a call at 855-422-7412 to have all your title loan questions answered! If approved, you could get your cash in as little as 24 hours.³

Where to Repay Your Title Loan Serviced by LoanMart 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.

Demographic and Financial Statistics for 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:

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