Title Loans on Sunday

Financial emergencies don’t follow a nine-to-five schedule. They can occur at any time. Let’s say you’re hit with a need for unforeseen travel or some other urgent issue on a Sunday morning. Your savings are light and you don’t have the credit to easily qualify for a personal loan. However, if you own a vehicle and have a steady income you may qualify for a title loan – even without good credit or a bank account.¹ Here’s what you need to know about applying for title loans on a Sunday.

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Understanding Title Loans

An auto title loan lets you borrow money against the equity in your vehicle. To qualify, the vehicle must be titled in your name and be of sufficient value to support the loan. Car title lenders assess the vehicle’s equity based on the make, model, age, mileage and overall condition, and by subtracting any amounts that are still owed on the vehicle from its estimated value. Because the loan is secured by the vehicle’s title, your credit history has little impact on approval.¹ Besides owning a qualifying car, truck or SUV, you must also be at least 18 years old and live in a state where title loans are available. Most lenders will also require that you have a steady income to afford the loan payments, and will verify your income during the application process. 

Once the loan is funded, the lender places a lien on your vehicle’s title, which will be released once you’ve repaid the loan. You’ll continue to drive your car while you repay the loan, as long as your payments remain current. However, failure to meet the repayment terms may result in the lender selling the vehicle to cover the outstanding balance.

Applying for a Title Loan on Sunday

Depending on the loan provider you decide to work with, applying for a car title loan on a Sunday can be possible. Some store-based lenders may have title loan locations that are open on Sunday. With online loan options like LoanMart-serviced title loans, the application process is available 24 hours a day, seven days a week. When you submit your application online on a Sunday, a LoanMart representative will contact you on the next business day.

Applying online can take as little as five minutes when you have all the required information readily available.¹ Upon approval, you’ll need your vehicle title, a government-issued photo ID, proof of address (like a current lease or utility bill), and recent pay stubs or other income documentation.

You’ll also be asked to provide clear, up-to-date photos of your car’s interior and exterior, along with its VIN and odometer reading. In some cases, you may also need to submit a form from the Department of Motor Vehicles – or your state’s equivalent – authorizing placement of the lien.

Once you have everything ready, you can move through the quick application steps:

• Complete the short online application form, or apply by phone at 855-422-7412¹
• Submit the requested documents
• Upon application approval, review and sign your loan agreement¹
• Provide your vehicle title
• Receive your funds

Getting Your Cash Fast When You Apply on Sunday

When you apply for a title loan serviced by LoanMart on a Sunday, you can find out in real-time what your vehicle may qualify for.¹ If you are fully approved after providing your documents for verification, funds may be available as soon as Monday.^1,3. 

You’ll have a number of options for receiving your cash, including some that don’t require a bank account and are therefore not constrained by bank holidays that may impact loan funding to a checking or savings account.

Your options for receiving loan funds include:

• Wire transfer or ACH deposit into your bank account
• Cash pickup at approved money transfer locations
• Mailed check

Sunday cash pickup of your auto title loan proceeds may be available if your LoanMart-serviced loan is finalized on a Saturday. 

How Much Can I Borrow and How Can I Use Loan Funds?

No matter what day you’re approved for a title loan serviced by LoanMart, you may qualify to borrow up to half your vehicle’s equity.¹ In most states, that means a maximum loan amount of $15,000. Because these loans are flexible, you are free to borrow any amount within your approved range. People commonly borrow against their vehicle to cover things like unexpected medical bills, emergency travel, urgent repairs or funeral costs. Ultimately, you can use the cash for any personal need.

Understanding Title Loan Interest Rates

Whether you apply for a LoanMart-serviced title loan on a Sunday or any other day, the interest rate on your approved loan is an important factor for the cost of borrowing. Calculated as a percentage of your loan balance, your rate can vary depending on state regulations, evaluation of your credit risk, the amount you borrow, and the length of your repayment term. Borrowers who obtain car title loans serviced by LoanMart usually benefit from competitive rates when compared to payday loans, which often carry higher costs.

What are the Key Advantages of Title Loans?

Even though you may not qualify for a conventional bank loan, you still have borrowing options. Here are some top benefits of selecting a loan serviced by LoanMart:

• Quick access to emergency funds. Whether you complete your online application on a Sunday or another day, an approval may be available in under an hour. Once you’re approved, the funds could be available as soon as the next business day – or even the same day, in some cases ^1,3
• No perfect credit required. Because title loans are secured, lenders place more emphasis on your ability to make payments than on your credit history. Even if your credit isn’t ideal, you may still qualify.¹
• Flexible repayment options. Title loans serviced by LoanMart offer multiple payment choices, including some that don’t require a bank account.
• Competitive interest rates. LoanMart-serviced title loans often provide competitive rates compared with similar lending alternatives.
• Clear, transparent terms. There are no hidden fees, unexpected balloon payments or penalties for early payoff.
• Dedicated customer support. Helpful, responsive customer service is available throughout the loan process. LoanMart representatives are there to provide assistance whenever you need it at 855-422-7412.

Frequently Asked Questions

A car title loan serviced by LoanMart can be a convenient solution when you need fast access to cash. Here are some of the most commonly asked questions:

• Can I make loan payments on Sundays? With LoanMart-serviced loans, you can schedule and make payments on Sundays.
• What if I can’t make a payment on time? Contact LoanMart as soon as possible to discuss your options. Late payments may negatively affect your credit and could result in the loan being considered in default.¹
• Does the car title have to be in my name? Yes. Your vehicle must be titled in your name to receive a title loan.
• What if I’ve lost my vehicle title? If your title has been misplaced or is missing, your state’s Department of Motor Vehicles – or its equivalent – can help you obtain a replacement copy.
• Do I need good credit to qualify? You may be eligible for a title loan serviced by LoanMart even if you’ve experienced credit challenges. Approval is based primarily on the value of your vehicle and your ability to repay the loan.¹
• Is a bank account required? LoanMart-serviced auto title loans offer several options for receiving funds, including methods that do not require bank accounts.
• How soon can I apply for another loan? Once your loan is fully paid off, the lien will be released, and your title will be returned. At that point, you may apply for another loan serviced by LoanMart.
• Do I need a job to get a title loan? Traditional employment is not necessary. As long as you have a steady income source that allows you to make loan payments, you may qualify for an auto equity loan. Examples of alternative incomes include Social Security, alimony or pension income.
• How much can I borrow? The amount you can borrow is primarily based on your vehicle’s value, your state of residence and your ability to repay the loan. Typically, you can access up to half your vehicle’s equity when you qualify for a vehicle title loan.¹

Financial emergencies don’t take Sundays off. You can apply for a vehicle-secured loan online on a Sunday and find out how much your vehicle can qualify for.¹ Apply today for your LoanMart-serviced auto title loan!