Title Loans in Indiana

Title Loans in Indiana

With its large automotive manufacturing and agricultural base, Indiana’s economy has seen its share of ups and downs. As a result, Hoosiers know that life can come with unexpected financial challenges and emergencies. Luckily, Indiana residents who need to get some extra funding in a hurry can borrow against their vehicle title to get the cash they need.¹ Whether they live in one of the large metropolitan areas like Indianapolis or Fort Wayne, or in a rural part of the state, an Indianapolis auto title loan could be the solution to their financial struggles.¹

What are Title Loans Serviced by LoanMart in Indiana?

As the name suggests, car title loans are loans that require a vehicle title in order to qualify. They are primarily based on the value of the vehicle, and the applicant’s verifiable income.¹ Besides allowing qualified borrowers to access emergency funds quickly and without hassle, title loans serviced by LoanMart come with some unique features that other title loan options in Indiana might not offer.

Why Choose Title Loans Serviced by LoanMart in Indiana?

Here are just a few of the reasons to choose an auto title loan serviced by LoanMart in Indiana¹:

High Degree of Flexibility

When it comes to lending, the term “flexible” is not usually the first word that comes to mind. With title loans serviced by LoanMart however, you can expect a high degree of flexibility when you take out an Indiana title loan – whether you live in Fishers, South Bend or anywhere else in the Hoosier state. Flexibility applies to both the loan application process with many ways to receive your loan proceeds, and the ways you can manage your loan.

Available Even with Bad Credit

Title loans serviced by LoanMart were designed to fit a wide array of different financial situations and backgrounds. That’s why they are widely accessible to borrowers with different credit profiles.¹ Whether an applicant has bad credit, new credit or prior credit issues like a previous bankruptcy, they could still qualify to borrow against their Indiana-registered vehicle.¹

Convenient Ways to Manage Your Loan

When obtaining a loan, being able to conveniently manage and repay it may not be top of mind for most borrowers. Nevertheless, title loans serviced by LoanMart are set up to offer a convenient experience throughout the loan. Key features include:

• An online portal that allows access to your loan anywhere and anytime
• Several ways to make payments
• A compassionate customer service team that’s just a phone call away.

In summary, title loans serviced by LoanMart offer features and flexibility that many other loans do not. There are so many reasons for Indiana residents to take advantage of this loan option!

How to Get a Title Loan Serviced by LoanMart in Indiana

It can be fast and easy to get a title loan serviced by LoanMart¹. The initial application can be completed in only a few short minutes.¹

The process for getting an Indiana car title loan can be boiled down to the following three simple steps:

1. Apply for the Loan

Getting started on the application for a title loan is pretty quick and painless.¹ You will need to fill out a short and easy application online or over the phone. As part of the application, you will be asked to provide some basic information about yourself and the vehicle you would like to use as collateral for the loan.

2. Get Approved

After you have finished filling out your loan inquiry, you will find out almost instantly if you are eligible for a title loan serviced by LoanMart.¹ If you have been qualified, a loan processor will shortly be in touch with you to discuss a rough estimate of terms you could get with an Indiana auto equity loan¹.

3. Get the Funds You Need

After you have sent in your documents and the loan processors have reviewed them, you will be able to decide how you’d like to receive your loan proceeds. You can receive your funds by having them directly deposited into your bank account, receive them through a check, or request a money transfer to a participating money service location nearby.

If at any point you become confused about any of the steps in the process or have questions, a loan agent will be happy to assist you.

How to Qualify for a Car Title Loan in Indiana?

If you are in need of fast cash through a loan in Indiana, then you are in luck! One of the options is a title loan serviced by LoanMart¹! In order to qualify for a title loan in Indiana, all you will need is:

• A car with sufficient equity
• A car title in your name
• The ability to make loan payments

If you’ve previously filed for bankruptcy or you currently have a low credit score, you may still qualify!¹ Speak to a title loan agent by calling 855-422-7412 to learn more about your eligibility.

What Documents Are Required for Indiana Car Title Loans?

Although acquiring funding through a title loan in Indiana is a convenient and fast process, there are still a few documents you need to have handy:

• The Indiana vehicle title for your car, which must be in your name
• A set of photographs of your vehicle from all angles, including the odometer and the VIN
• Proof of income (paycheck stubs from work, recent bank statements, benefit statements, or other verifiable documents that show your income)
• A government-issued photo ID (driver’s license, state ID, or up-to-date passport)
• Proof of residence (e.g. recent utility bills or phone bills)

What Can I Use the Title Loan Proceeds for in Indiana?

One aspect that makes title loans serviced by LoanMart such an appealing option for emergencies in Indiana is that they can be used to cover various personal or household expenses!

Some of the more common uses for title loans include things like:

1. Paying your rent
2. Home repairs
3. Medical expenses
4. Past-due bills
5. Expenses for emergency travel

Do I Get to Keep Driving My Vehicle with a Title Loan Serviced by LoanMart?

Yes, you can keep and drive your vehicle when you borrow with a title loan serviced by LoanMart in Indiana! Just be sure to pay your monthly loan payments on time to avoid any issues.

The reason behind this is that when a title loan is taken out, your vehicle’s title is used as collateral to secure repayment of your loan obligation. The lender will place a lien on it, which means that until the loan is repaid, the vehicle does not legally belong to you. While the lien will be taken off once the loan is fully paid back, the lender has the right to take possession of your vehicle if you miss your loan payments.

Will My Credit Factor into My Eligibility for Title Loans in Indiana?

It is natural that you may be wondering what factors are considered for title loan approval in Indiana. There are a variety of different factors considered, but your credit will not be the main one by any stretch of the imagination. You may still be able to get a title loan serviced by LoanMart even with bad credit!¹

The key qualifying factors that are considered for title loan eligibility include:

Income of the Borrower

One of the main items that will be examined and taken into consideration for title loan eligibility is your income. Your loan officer will need to be able to ascertain that you can consistently make on-time payments for your loan. Luckily, title loans are available to people with all sorts of different incomes, including benefit and retirement income!

The Value of the Vehicle

The equity that your vehicle has will be a crucial factor in determining both your eligibility for a title loan serviced by LoanMart, as well as the maximum amount of money you could be offered to borrow.

How Repayment Works with Title Loans Serviced by LoanMart in Indiana

One of the key details to know when it comes to getting an Indiana vehicle title loan is how loan repayment will work. Fortunately for Indiana residents, repayment of a title loan is just as convenient as any other aspect of the process.

When repaying a title loan serviced by LoanMart, there are numerous convenient ways you can do so, including:

• Visiting a participating money transfer location to pay in person
• Paying through your online account (card or bank account payments)
• Paying over the phone

Your monthly payment amount will be dependent on factors such as the loan amount, interest rate, and loan duration. With title loans serviced by LoanMart, the period for repayment can last several months or years, which in turn gives borrowers the time they need to stretch out their payments if they wish to do so.¹

One more key detail to remember with title loans serviced by LoanMart is that paying early is also an option.⁵ Borrowers are not penalized for being financially responsible.

How Do I Get Back My Vehicle’s Title?

Once you have fully repaid your title loan, you may be wondering how to reacquire your vehicle’s title. As a servicer of Indiana title loans, LoanMart ensures that the lien on the vehicle title is released when the loan is repaid in full, which will result in the borrower receiving back their title.

In order to get your vehicle’s title back after repaying your loan, you can follow the following process:

1. Be Sure All Details are Confirmed with a Loan Agent

Before or right after you have sent in your final loan payment, confirm all address details with a loan agent. Also advise them that you would like to get the title release process started as soon as the final payment is made.

2. The Lender Will Be Removed From The Title

After all of your information has been verified and your final payment has been received, the lender or loan servicer will remove the lien from your vehicle’s title, thus giving you back full ownership of your vehicle! Indiana residents will typically be sent their vehicle title in the mail in paper form.

If you have any questions regarding the lien-removal process for your car’s title, you have the option to get in contact with a customer service representative.

Apply for Title Loans in Indiana When You Need Financial Support!

If you are an Indiana resident who urgently needs a loan, considering applying for a title loan serviced by LoanMart!¹ Doing so may get you the emergency funding you need in as little as 24 hours!^{1 3} Just call 855-422-7412 or apply online.

Demographic and Financial Statistics for Indiana

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