At LoanMart, our submission process very simple! There aren’t many steps, and it can be far from time consuming. All documents needed to be sent in for a car title loan can be texted, emailed, or faxed to us from a laptop, tablet, or smartphone, and we will receive it instantly. Once we get the documents processed, we will begin working for you to get your car title loan documents processed1!
LoanMart will not waste your time; our submission process can be completed in as little as one hour. Time is money and we are here to ensure that you keep and manage both! Here at LoanMart the hard work is done for you!
To apply for a title loan, there are few documents that will be required:
- A car title in your name
- A government-issued photo ID like your driver’s license
- Proof of income—paycheck stubs, invoices or bank account statements—showing your ability to repay the loan
- Proof of residency
How do I Apply for a Car Title Loan with LoanMart?
The online application process with LoanMart is super easy to use, and its convenience is virtually unmatched! LoanMart has online account access, something that not every title loan company has. Some auto title loan lenders may even need for you to come inside the business to apply for a loan, but at LoanMart, we are all about convenience for our customers.
- The first step to one obtaining a title loan is to apply. One may apply online, in person, or over the phone.
- The second step is to submit the documents: you can submit your documents for your car title loan in person, or using your phone by either texting pictures of your documents, or scanning them and sending them online.
- The last step, usually the best part, is to receive your money1. You can receive your money at one of the participating store locations, electronically, or by check.
Why Apply at LoanMart?
- Being a customer of LoanMart definitely has its benefits! LoanMart is different than traditional lending institutions, such as banks. One key reason LoanMart has an advantage over the traditional institutions is because banks tend to deny people more often than LoanMart based on factors such as poor credit history or no credit history.
- People without a credit history or who have poor credit history are usually, if not always, denied by traditional institutions, and even if they are not denied on that reason alone, they may be asking for too large of an amount, or the income needed does not match one’s ability to pay back a loan.
- This is where LoanMart comes in! LoanMart is an auto title loan lender. This means your car’s vehicle is your collateral, so not having enough cash or credit, more than likely, will not be an issue for us1. Unlike a traditional pawn shop or some smaller title loan lenders, LoanMart does not hold onto your car. That means you can keep your car while paying off your loan! Imagine if you needed your car to get to work, and you went with a smaller lender who holds onto your car. You probably wouldn’t be able to get by without your car and that would be harder on you in the long run.
Should You Apply for a Car Title Loan Through LoanMart?
- Yes! You could receive a loan through LoanMart, especially if you have potentially damaging details on your credit report1. Along with circumventing potential credit boundaries, LoanMart, after full repayment, may improve your credit history!
- You should consider applying if you have attempted to get a traditional loan through a traditional lender, and you were denied, or if the interest rates do not fit into your budget. Many times even if someone is approved for a loan through a traditional lender or through a payday loan, the interest makes the payments, so unaffordable that many people spiral back into debt, even though the emergency loan was meant to uplift one’s financial situation, may lead to one’s financial demise.
- You should consider applying if you need cash now! LoanMart’s application process is fast, professional, and transparent.
Benefits of Sending Your Documents Online
- Convenience: One does not have to go to a LoanMart building to receive his or her cash. Instead of you needing to go to an actual office or building, you can apply for your auto title loan online: straight from home!
- Receiving your money Faster1: It should not take longer than an hour to complete the free application for your auto title loan, and with LoanMart you can know if you are approved and the amount you qualify for within an hour, our customers may receive their money by the next business day3! With the convenience of LoanMart, you can pick up your funds at any participating money transfer location nearby! Or, if you desire to recieve your funds through check or direct deposit, that is an option as well.1
- No Car Inspection: At LoanMart you do not have to go through the hassle of a formal inspection, such as bringing your car to a mechanic shop and waiting for a mechanic to approve or disapprove your vehicle; this can be a really time consuming, but LoanMart has solved that problem for you. Our customers send us pictures to determine the condition of the vehicle, to determine the odometer mileage, and to receive the vehicle identification number. This will only take minutes, and it is something you can do straight from home!
Loan Mart Benefits
- Refinancing1: LoanMart may be able to refinance your current title loans, so that one has the financial freedom to receive another loan through LoanMart, while paying back your old loan at a lower rate. LoanMart believes in second chances!
- Three Day Guarantee1: If a LoanMart customer does not believe they received the best deal from us or for any other reason, our customers have up to three days to change their mind. You can return the money in full and we will return the title: simple.
Here at LoanMart we are all about convenience for our customers! Begin your title loan journey with LoanMart today1!