Table of Contents
If you’re looking for a title loan and need different funding options that allow you to receive your money fast or without hassle, then look no further than title loans serviced by LoanMart! With a streamlined application and excellent customer service, different convenient options for electronic or check funding are available1:
- Direct deposit
- Wire transfer
- Pick up at a participating money transfer location
- Receive by check
Funding Options to a Bank Account
Title loans serviced by LoanMart have two options that customers can choose to receive their title loan money in a bank account. With a bank wire transfer, customers can receive the loan proceeds within minutes of the bank wire being processed.13 When choosing this method, please keep in mind that the bank where you have your checking account may charge you an incoming wire fee for this service. Also, be sure to ask your loan officer about the daily cutoff time for bank wires, since these transactions need to be submitted by a particular time in order to be processed the same day.
The second way that customers can receive loan proceeds electronically in their bank account is via a bank ACH. Loan funding via ACH is popular among customers who would like to receive their loan proceeds electronically but don’t want to pay a fee to their own bank for processing the incoming funds.
Call Our Team
Take the first step and call our toll-free hotline to speak with a specialist.
Funding Options Without a Bank Account
If you’ve obtained a title loan without a bank account, you can choose to pick up your loan proceeds at a participating money transfer location, or have a check sent to your address.
There are hundreds of participating money transfer locations across the US to help title loan customers serviced by LoanMart. Thanks to all the participating money transfer stores, it’s still accurate to say that title loans serviced by LoanMart offer access to fast cash1.
You can also choose to receive your title loan proceeds via check. Please keep in mind that doing so usually adds at least one day to the loan process, since the checks are mailed. Also, it’s good to be aware that a check cashing fee may need to be paid at whichever place you choose to cash your loan check.
LoanMart Fast Title Loan Funding
LoanMart has streamlined the application process to make sure that funding is available as soon as your application has received final approval and you’ve signed your documents and mailed the vehicle title to us1.
If you need to talk to a representative or prefer to call, our friendly loan officers can access your application and information in real time. That means no waiting around for our call. As long as you call within our business hours, you can speak with a real person!
Because of our call center and the quick application process, you could potentially receive your funding in as little as one business day from when you applied3. The online application should only take about 5 minutes or less to complete.3
How to Manage Your Title Loan Funding
Repaying your title loan funding is just as easy as receiving your funding for your title loans. Title loans serviced by LoanMart make it simple to maintain your title loan and easily make your payments. To make sure you are up to date with your title loan serviced by LoanMart, you can receive monthly statements that explain how much you have left to pay on your loan, when your next payment is due, and any other important information regarding your loan.
To monitor your loan, you can also download the LoanMart app that allows you to pay your loan payment directly from the app no matter where you may be. This allows you to continue to keep tabs on your account as you go to work, run errands, or even travel.
If you prefer to make your payment in person, you can use MoneyGram ExpressPayment Service to send payments to LoanMart.
- Visit a MoneyGram location. When you visit a MoneyGram location, you can ask for the MoneyGram ExpressPayment Service slip and fill out the top section.
- Fill out the ExpressPayment Form. Under each section, you’ll fill out the appropriate information and the amount that you will pay, along with your account number for your loan.
- Turn in your ExpressPayment Form. Give the ExpressPayment Service slip to the MoneyGram representative and you will receive a receipt. You can track your ticket online on the MoneyGram site and monitor your payment transaction through the LoanMart site or app.
To learn more information about how we use MoneyGram to make your payments easier, you can visit our page that talks about how you can receive your funding with MoneyGram and how you can make payments at a MoneyGram location.
