What are Title Loans in Oklahoma City?

Looking for a fast and simple way to get cash? Title loans in Oklahoma City could be the answer! With auto title loans in Oklahoma City, borrowers can use their qualifying car or truck title as collateral for the loan and get emergency funding as soon as the same business day.1 3 Besides speed and convenience, auto title loans offer various benefits, especially to Oklahoma City residents who have less-than-perfect credit. If a vehicle-secured loan sounds like a potential fit for you, continue reading to learn more about how title loans work.

How Do Oklahoma City Auto Title Loans Work?

In order to qualify for an auto title loan serviced by LoanMart in Oklahoma City, your vehicle must have a qualifying amount of positive equity, and you are required to provide proof of income. Your eligibility for a title loan is primarily determined by these two factors.1

If your car has positive equity, the market value of your car is greater than the amount that you owe on your vehicle. The more value your vehicle has, the more you can potentially borrow through a car title loan if you can show that you have sufficient income to afford the loan payments!1

Upon final loan approval, a title loan contract will be made available to you for review and signature. Once your loan is finalized, the lender will place a lien on your vehicle title, which documents the lender’s claim to the car in the event that you default on the loan – the same way that an auto finance company places a lien when you finance a new or used car purchase. You will be able to drive your vehicle during the repayment process while you make on-time payments on your loan. Once you have completely paid off your car title loan, the lien will be removed. 

Got any questions about applying for Oklahoma City car title loans? Call LoanMart at 855-422-7412 today and find out if you qualify for fast cash!1 3

What Are The Requirements for An Auto Title Loan in Oklahoma City?

In order to qualify for a title loan, Oklahoma City residents need to meet the basic loan qualification criteria. For title loans in Oklahoma, these usually include:1

  1. Have a Qualifying Vehicle Title in Your Name: Whether you have a car, truck, or SUV, in order to apply for a title loan, your vehicle’s title must be in your name at the time of your application. The vehicle also needs to be titled and registered in the state.
  2. Be of Legal Age to Apply for a Title Loan: In order to apply for online title loans in Oklahoma City, applicants must be at least 18 years of age. 
  3. Demonstrate Your Ability to Handle Monthly Payments: It is common for applicants to submit recent bank statements to demonstrate their ability to repay a title loan, but there are many other documents that can be accepted as proof of income, such paystubs or pension statements.
title loans oklahoma city

What Documents Do I Need to Get an Online Title Loan in Oklahoma City?

In addition to meeting the initial requirements, an applicant must provide the following required documents to get an online title loan in Oklahoma City:1

  1. Valid Identification: To prove your identity and age during your application, you are required to provide a valid, government-issued photo identification card. This could be a driver’s license, Oklahoma state-ID, passport, or permanent resident card. 
  2. Verifiable Income: As previously mentioned, recent bank statements can be used to verify your income. However, you can also submit recent pay stubs, disability award letters, or pension statements. If you have any questions about the types of documents that you can submit during your application, just give a title loan agent a call at 855-422-7412. 
  3. Proof of Collateral: Getting title loans with no car inspection is impossible, but with LoanMart, applicants can access online inspections during their applications! To complete a virtual inspection, you must submit recent photos of all sides of your vehicle. Additionally, you should take photos of your car’s VIN (Vehicle Identification Number) and odometer reading.
  4. Car Title: Although you typically do not need to go to the Oklahoma Department of Public Safety (DPS) office to apply for a title loan in Oklahoma, if the title to your vehicle is not currently in your name and you are its rightful owner, you will need to head to your closest DPS office and request a title transfer to your name. You will need to fill out some paperwork and pay a small fee in order to complete the title transfer.
  5. Proof of Address in Oklahoma City: You will be asked to submit proof of your current address in order to apply for an online title loan in Oklahoma City. Recent utility bills, lease agreements, credit card statements, or mortgage statements can be used to prove your address.

One of the many benefits of applying for an online title loan is that you will be able to upload your required documents during your application for an online title loan serviced by LoanMart. Alternatively, you may send your documents to a title loan agent via email or text message if that is more convenient for you. Apply online or call 855-422-7412 to apply for quick funding through a title loan serviced by LoanMart! Qualified applicants can get their money as soon as the next business day.1 3

Can You Get Bad Credit Title Loans in Oklahoma City? 

Many Oklahoma City residents struggle with their finances, so you’re not alone if you need a fast loan to take care of an unexpected expense. When you are continually struggling to make ends meet, you may need to rely on your credit card to pay for gas, groceries, and more. High use of your credit card can often lead to a bad credit score, so it is important to pay off your debts and live within your means. 

If you have bad credit, applying for a traditional bank loan can be complicated and frustrating. Since title loans are secured loans, the application process can be much more flexible and convenient in comparison to personal loans and other unsecured loan options. 

If you have bad credit title and live in Oklahoma City or another nearby city like Tulsa, Norman or Broken Arrow, getting the funds you need shouldn’t be complicated. With a title loan serviced by LoanMart, you can take advantage of competitive interest rates, no hidden fees, and an online application process – even if you don’t have perfect credit!1

Can I Get Title Loans Without Credit Check in Oklahoma City?

While getting title loans with no credit check in Oklahoma City is difficult, you don’t need a perfect credit score to apply for a title loan and access the emergency cash you need.1 3 Most title lenders conduct a credit check during a loan application in order to:

  • Review an Applicant’s Credit History
  • Determine Their Ability To Repay Their Debts
  • Decide Whether Or Not They Are Capable Of Taking On New Debt 

Don’t let your bad credit score hold you back. Apply online for a quick title loan serviced by LoanMart in Oklahoma City and find out if you are eligible for instant pre-approval! If you are eligible for a car title loan, you could choose direct deposit and get your funds in as little as one business day. Visit the FAQ page or call 855-422-7412 to learn more about the application process for online title loans.1 3

Can I Get Title Loans with No Store Visit in Oklahoma City?

You can absolutely get title loans with no store visit in Oklahoma City! Online title loans can offer applicants the opportunity to apply for emergency cash from the comfort of their homes. Take a closer look at the application process for a title loan serviced by LoanMart in Oklahoma:

  1. Apply Online or Over the Phone: Ready to apply for an online title loan in Oklahoma City? Complete the online prequalification form, or give us a call at 855-422-7412!
  2. Submit the Required Documents Online or Text them to a Title Loan Agent: If you receive initial approval for a title loan in OKC, the next step is to submit your documents online or send them to a title loan agent via email or text message. 
  3. Get Your Title Loan Funds in Oklahoma City: The last step of the title loan process is to sign your electronic loan contract and decide how to get your title loan money! Choose between setting up a direct deposit to your bank account, getting a check in the mail, or just picking up your fast cash at a participating money transfer location in Oklahoma City!1 3
online title loans oklahoma city

Where Can I Get Title Loans with Instant Approval in Oklahoma City?

Typically, you can’t get an instant online title loan in Oklahoma City. Reputable title lenders need to verify your application information, the value of your vehicle, and your income before you can obtain final approval for a title loan.1

Although you won’t be able to find car title loans with instant approval in Oklahoma City, you can conveniently fill out a short loan application online and instantly find out if you qualify for pre-approval for a title loan serviced by LoanMart! Don’t wait to find out if you are eligible for the fast cash you need. Apply online or give us a call at 855-422-7412 today!1 3