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Title loans are a secure loan option for individuals that need emergency money now, not a few days from now. Title loans serviced by LoanMart are one of the best online loan options out there, and you could submit pictures instead of visiting a store location in person.
Keep reading to learn why online loans are more convenient than traditional loans.
Pass a Car Inspection by Submitting Pictures
While traditional title loans require a car inspection as part of the approval process, you can avoid the hassle when you work with title loans serviced by LoanMart! Rather than having to take time out of your busy day to drive to a brick-and-mortar store, you can just answer a few questions and take pictures of your car.
The value of a car is determined through market research, so an agent will need to know the following details to assess the resale value:
- Vehicle Year
- Make and Model
- Body Style
- Current Mileage
The final step of the car inspection process for title loans is to have the current condition verified by an agent. But rather than having the car looked over in person, you could get a title loan without the vehicle present!
Start by parking your car in a spot free of background clutter. The images should be clear and brightly lit so the car can be fully assessed. If your car has dents or other cosmetic damage, do not worry, as it is still possible for you to be approved for a title loan if your car has enough equity!1
You will need to submit photos of the driver’s side, passenger side, hood, rear, odometer, and VIN. Your VIN is a unique code that is used to identify individual cars. The location of the VIN varies, but it’s usually located on the exterior window, inside the driver’s door frame, under the hood, or on the front end of the frame.
Once you are satisfied with your pictures, you may upload them online for review. After an agent verifies the condition of your car, you could be one step closer to getting fully approved for title loans serviced by LoanMart!
Submit Documentation with Pictures for Title Loans
Title loans typically have a quick approval process, but title loans serviced by LoanMart speed the process up even further! When it comes time to start submitting your required documents, you don’t have to turn them in in person or mail them. All you have to do is take some pictures!
The general documents you will need include the following:
- Car Title: The car title must be in your name.
- Proof of Income: Paycheck stubs, bank statements, government award letters, etc.
- Proof of Identification: State identification card, driver’s license, or U.S. passport.
- Proof of Address: Utility bills, credit card statements, insurance statements, etc.
- References: Could be professional or personal.
Once you have gathered your documents, lay them on a flat surface with bright light. Start taking pictures of both the front and back of your documents using your smartphone. Once you have your pictures, just upload them online for review! It is that easy to turn in your required documentation.
How Long is the Approval Process for Title Loans?
The approval process for title loans serviced by LoanMart is incredibly short and stress-free! The process consists only of 3 steps, which can be completed right from the comfort of home. If you inquire before noon, it is entirely possible for you to obtain your title loan money the very same day!1, 3
Take a look at how the approval process for title loans typically unfolds:
Step One: Start Your Title Loan Inquiry
When you find yourself stressing about an upcoming bill that needs immediate payment, turn to title loans serviced by LoanMart! To start an inquiry, just click or call!
Complete the online title loan questionnaire or speak to an agent by dialing 855-422-7412. You will be asked for some details about your car. If your car is deemed valuable, it could be preapproved for emergency funding!
Step Two: Submitting Your Pictures
If you are deemed eligible for title loans, an agent will contact you and request that you start submitting pictures of your documents and your car. Though the approval process is quick, you could speed it up even further by uploading your pictures as soon as possible.
One of the key benefits of title loans serviced by LoanMart is that alternative documents are usually accepted. This means that if you are unemployed or retired, you could still qualify for title loans if you can show proof of income through alternative documents if you don’t receive paychecks.1
Step Three: Get Your Title Loan Money
When your pictures are all submitted, a title loan agent will use them to verify your information. If everything is in order, you could be fully approved for title loans serviced by LoanMart!
A title loan agreement will be drawn up and you will go over your repayment terms with your agent. Ensure that you ask questions if you are unsure about any financial terms or conditions. You can sign the agreement once you are confident in your financial decision.
After signing the title loan agreement, you can then choose how you would like to receive your emergency cash! If you have a bank account, you can choose to receive a direct deposit. If you do not have a bank account, you could opt to get a check overnight in the mail or an electronic transfer sent to your local MoneyGram location.
Title loans serviced by LoanMart are one of the best loan options out there! Inquire today and easily submit your required documentation with pictures!