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When borrowers need emergency funding in a hurry, they search for same day title loans. Luckily, they may have one of the best possible loan options available to them: a title loan serviced by LoanMart!1
With a title loan serviced by LoanMart, borrowers can apply any time of day or night. Our loan agents work extended hours to help give borrowers like yourself the access they need to solve a financial emergency! If approved, you could get your cash in as little as 24 hours.3 The approval process can take just minutes to do online or over the phone. Borrowers can skip the hassle of applying in person for same day title loans! Getting the cash you need shouldn’t be a hassle.
How Do Same Day Title Loans Work?
If you need cash the same day, you need a title loan lender that has the process streamlined. Title loans can have a faster approval process because collateral is used to secure the loan. For a title loan, the title to your vehicle will be the collateral for the loan. This may allow you to borrow off the equity in your car and help you access funding.1
Equity is simply the difference between the current value of the car and how much you owe on it. The more your vehicle is worth and the more equity in your vehicle, the more you may potentially borrow through a title loan1! Since title loans are secured loans through collateral, the process for loan approval can be fast and flexible.
To apply for a title loan, a borrower must meet these requirements:
- Borrowers Need to be at Least 18 Years of Age or Older
- The Title of the Vehicle Must Be in the Borrowers Name and It Must Have Value
- The Borrower Must Provide Proof of Income
While you do not need to have a 9-5 job to apply for a title loan, you will need to show a lender that you can afford a monthly payment! If you are self-employed, on disability, or you receive retirement payments, you can use that as proof of income. On top of providing proof of a steady income, you must be at least 18 years of age to apply for a title loan in any state. When you do apply for a title loan, your vehicle’s title must be in your name.
Benefits of Same Day Title Loans Near Me
When you apply for a title loan serviced by LoanMart, the process is streamlined to help you find your funds fast. While there are many options out there, not all of them have your best interests in mind. With title loans serviced by LoanMart, borrowers can expect more than just fast cash and approval. LoanMart helps set you up for success throughout your entire process!
Here’s what borrowers can expect:
- No Hidden Fees or Prepayment Penalties5: You should be rewarded for paying off your loan early, not punished! Paying off your loan early will help you save on interest and help your wallet in the long run.5
- Exceptional Customer Service: LoanMart’s loan agents are available for extended hours to help you answer questions about your loan.
- More Time to Pay: Some unreliable lenders will only give you 30 days to repay your loan. With Title Loans serviced by LoanMart, you can have an extended period of time to repay your loan if that is what you need! You are encouraged to repay as early as you can, but if you need more time your loan term is extended.5
- Hassle-Free Application Process: Borrowers can place a loan inquiry online or over the phone at 1-855-422-7412! The process can take just a few minutes to do and is streamlined to help you get to your cash faster.3
- Bad Credit? No Problem: Even if you are not confident with your credit history, you can still apply for a title loan serviced by LoanMart! Borrowers from a variety financial backgrounds and credit histories may be accepted.1 Since title loans are secured loans, your credit history is not the most important part of the application process. Instead, a lender will look at your income and the value of your vehicle!1
- Get Your Cash Fast: When you’re in a financial emergency, you may not have any time to waste! Borrowers that get approved could get their funds in as little as 24 hours.3
How to Apply for 24-hour Car Title Loans Near Me
Applying for a title loan shouldn’t be a hassle. If you’re applying for same day title loans serviced by LoanMart, the process is just three simple steps:
- Call or Click Online: Borrowers can start by giving us a call at 855-422-7412. Or, feel free to apply entirely online! There’s no need to leave the comfort of your home to get the cash you need. Simply answer a few questions about your car and income to see if you are prequalified.
- Send in the Right Documents: After receiving your prequalification, a loan agent will reach out and let you know what documents you will need to submit. While these documents may change from state to state, you will often need:
- Proof of Income
- Proof of Insurance and Registration
- Government or State Issued Photo ID
- Proof of Address
- Recent Photos of the Vehicle
While these may seem like a hassle, they are standard for any title loan! These documents can all be submitted online for your convenience.
- Sign Your Agreement and Get Your Cash: Once your documents are submitted the last step is to wait for loan approval! If you are qualified, a loan agent will send over your loan contract to sign and answer any questions you might have about your process. Borrowers can also choose how to receive their cash! Whether you choose MoneyGram, a check in the mail, or a direct deposit, you could get your approved cash in as little as 24 hours.2
Can I Keep Driving My Car While I Pay off My Auto Title Loan?
One of the concerns that a lot of borrowers have when applying for a title loan is the status of their vehicle while they repay the loan. If you make timely payments on your loan, you can continue to drive your car like its business as usual! There is no need to rely on ridesharing or friends to get you where you need to be if you are a responsible borrower.
How Do I Pay off my Same Day Title Loan?
Borrowers that get approved for a title loan can choose between several different ways to repay their loan! Whatever method is more beneficial to them can be the one they choose. There are even ways to repay the loan without a bank account!
Monthly payments can be made through the following options:
- Mail Payments to The Payment Center
- Pay by Phone with A Credit Card or A Check
- Monthly Automatic Electronic Payments from Any Checking Account
- Pay Online by Using the MyAccount Tab
- Visit A Payment Location in Person (If applicable)
Borrowers that are looking for same day title loans are encouraged to pay early! With title loans serviced by LoanMart, paying off a title loan online can be easy. There are no prepayment penalties!5 If paid off early, the borrow can avoid the interest that would accrue throughout the loan.
Work with LoanMart for Same Day Title Loans
Looking for same day title loans? Look no further than title loans serviced by LoanMart! Borrowers that get approved can get their cash in as little as 24 hours by applying online here. Or, by applying over the phone at 1-855-422-7412.