Title Loans in Tennessee

How Do Title Loans Work in Tennessee?

If you’re looking for a fast and convenient loan in Nashville, Memphis or anywhere else in Tennessee, an auto title loan serviced by LoanMart can be an option to consider.¹ With a title loan, a qualified borrower will be able to borrow against the value of their vehicle and access emergency cash as fast as same-day.^{1 3} Although you are using your car’s title as collateral for the loan, you will be able to drive it while you are keeping up with your scheduled loan payments.

In order to qualify for a Tennessee title loan, you must have a car with positive equity, and you will be asked to provide sufficient evidence of income, along with the following documents:¹

• Proof of Current Tennessee Address: Submit recent utility bills, bank statements, credit card statements, lease agreements, or mortgage statements to prove your current address in Tennessee.
• Recent and Clear Photos of Your Car: Take clear photos of all sides of your vehicle, including the driver’s side. Additionally, you will be asked to upload photos of your car’s VIN (Vehicle Identification Number) and odometer reading.
• Proof of Identification: You are required to submit a valid, government-issued photo ID card during the application process. Many applicants tend to submit their TN driver’s license, passport, or state identification card.
• A Car Title in Your Name: You are required to pledge a title to a qualifying car, truck, or SUV as collateral for the loan. It must be in your name at the time of your application, and if you have misplaced it, you will need to head to your local Department of Motor Vehicle Services facility and request a duplicate title. As a resident of Tennessee, you can expect to pay around $14 for a duplicate vehicle title.

If you are applying for a title loan serviced by LoanMart, you can conveniently submit your documents online with no hassle! You will also be able to send in your documents via email or text message if you prefer.

That’s how simple it can be to apply for online title loans in Tennessee. If you have any questions about applying for Tennessee title loans, give LoanMart a call at 855-422-7412 today!¹

Does Tennessee Allow Title Loans?

Yes, auto title loans are allowed in Tennessee and you can apply for both online title loans and in-store loans with a title lender of your choice. No matter if you apply in Chattanooga, Knoxville or a different city, you must be at least 18 years of age to submit an application based on the applicable title loan laws in the state. If you are eligible for a title loan, you are required to pledge the title to a qualifying car, truck, or SUV as collateral for the loan. Typically, a prospective borrower can access up to half of their car’s value through a title loan.¹ With title loans serviced by LoanMart, that could be up to $15,000!¹

In addition to being of legal age and using your vehicle title to secure the loan, you’ll need to meet the income requirement to qualify for a car title loan serviced by LoanMart in Tennessee. While you do not need to work a traditional a 9-5 job, you must have some verifiable income that allows you to comfortably make payments on your title loan. Examples of alternative types of income include:

• SSI (Social Security Income)
• Disability Income
• Retirement or Pension Income
• Alimony Income

Depending on the type of income that applies, you can provide recent bank statements, pay stubs, benefit statements or other verifiable documents as evidence of your income.¹

Visit the FAQ page or call us at 855-422-7412 to learn more about applying for Tennessee title loans online. LoanMart title loan agents are standing by to walk you through your loan request and discuss every aspect of the application process with you. Feel free to contact us with any questions you may have!¹

Can I Get Title Loans with Instant Approval in Tennessee?

Although title loans are allowed in Tennessee, you will likely not be able to get instant online title loans in Tennessee. In fact, it’s fair to say that the only way to obtain cash in your hand in an instant is to ask your friends and family. Reputable lenders need time to process your loan application and review your information and documents before they can approve your loan application.¹

If you are searching for a streamlined application process, however, you can apply for a title loan serviced by LoanMart online and instantly find out if your car is pre-qualified! Just fill out a short prequalification form online or give us a call at 855-422-7412. It can take just a few minutes to find out if you are prequalified for the emergency cash you need!^{1 3}

Can I Get Title Loans with Bad Credit in Tennessee?

Getting title loans with bad credit in Tennessee is possible! Since car title loans are secured by collateral, the application process is much more flexible in comparison to other loan options, such as unsecured personal loans. Typically, in order to obtain ideal loan terms and approval for a personal loan, you will need to have a strong credit history.

With over 13% of residents in the state of Tennessee living in poverty, and a per capita income less than $40,000 per year, you’re not alone if it’s sometimes tough to make ends meet. One unexpected expense could knock you off your feet and devastate your finances. If you are struggling financially and have bad credit, you may not be the ideal candidate for a personal loan. However, you can apply for a car title loan serviced by LoanMart in Tennessee even if you do not have a perfect credit score!¹

It’s important to mention, however, that finding no credit check title loans will be difficult because a credit check is necessary to verify your identity, financial history and creditworthiness. But even if you have bad credit, you do not need to avoid a credit check! Call 855-422-7412 or apply online for a title loan with bad credit in Tennessee.¹

Where Can I Get Title Loans with No Inspection?

Getting title loans with no inspection is impossible, but with vehicle-secured loans serviced by LoanMart, the inspection can conveniently be completed online. You will be able to skip the hassle and cost of driving to a title loan store in order to complete a physical car appraisal. Instead, you can conveniently upload pictures of your car, truck or SUV if you are applying for an online title loan in Clarksville or anywhere else in Tennessee!¹ Based on your photos and other checks such as accident reports and title verification reports, a title loan agent can determine the current value and overall condition of your vehicle.

Got any questions about applying for online title loans in Tennessee? Whether you’ve got questions or you’re ready to get started on your loan request, give us a call at 855-422-7412.¹

How Can I Apply for Title Loans Online with No Store Visit in Tennessee?

Now that you know more about how Tennessee title loans work, you may be eager to begin the application process online and find out if you are eligible for emergency cash. With title loans serviced by LoanMart, you can expect a simple and streamlined process that was designed to be helpful to borrowers who are facing a tough financial emergency.¹

Just complete these three simple steps to apply for a car title loan online:¹

1. Apply Online or Over the Phone: One of the many advantages of applying for a title loan serviced by LoanMart is that you can choose to start your loan application online or over the phone with a title loan agent! Apply here or call 855-422-7412 to see if you are prequalified for a car title loan in Tennessee.¹
2. Submit the Required Documents to Verify Your Information: Upon initial approval, a title loan agent will contact you and ask you to upload the necessary documents online in order to verify your identity and information.
3. Collect Your Money if You Qualify: If you are eligible for a title loan serviced by LoanMart, you can discuss the terms of your loan with your title loan agent. If you sign your electronic loan agreement, the last step is to choose how to receive your title loan proceeds, and mail in your title! You’ll be able to get your funds via direct deposit to your bank account, or you can pick up your cash at a participating money transfer location in Tennessee. Additionally, if you prefer to receive a check in the mail to your home address, that is an option as well. Qualified borrowers can get their title loan funding in as little as 24 hours!^{1 3}

Ready to apply for online title loans in Tennessee? Don’t let your financial emergency take over your life. Just give us a call at 855-422-7412 or fill out the online prequalification form to get started! Take advantage of a quick and simple online application process with LoanMart today. There is no store visit required to apply for the quick funding you need to get back on your feet!¹

Pay Back Your Title Loan Serviced by LoanMart in Tennessee

Car title loan customers in Tennessee have access to a variety of payment options with title loans serviced by LoanMart. Borrowers in the Volunteer state can repay their loans both online and offline. Online options include scheduling one-time or recurring payments through the customer portal, or the LoanMart mobile application. Borrowers who prefer making payments offline may do so at participating money transfer providers, which include MoneyGram. Not sure where the closest MoneyGram location is to you? Check out the map of Tennessee which features a dropdown list nearby MoneyGram locations:

Demographic and Financial Statistics for Tennessee

The below table provides some of the key income, loan and financial statistics for Tennessee, which are intended to give you a better understanding of how your financial circumstances compare to other Tennessee 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 Tennessee Can I Get a Title Loan Serviced By LoanMart?