Title Loans in Oklahoma Completely Online

Title Loans in Oklahoma

As a resident of Oklahoma, you have several options if you need access to a fast loan and your credit isn’t perfect. Besides personal loans and payday loans, auto title loans in Oklahoma are a popular way of borrowing.¹

Whether you’re looking for quick cash in Oklahoma City, Tulsa, Norman or a more rural part of the Sooner State, a title loan can allow you to borrow against your paid-off or almost paid-off vehicle to get cash quickly and without a lengthy process.¹

How do you know if an Oklahoma title loan is the best choice for your current needs? Keep reading to learn more about title loans in your state so you can make an informed decision!

Title Loans in Oklahoma and Other Loan Options

As mentioned above, there are many kinds of loans available in Oklahoma. These loans will generally fall into two categories: secured and unsecured. Secured loans require an asset to guarantee the loan whereas unsecured loans have no asset to secure them and are therefore more focused on an applicant’s credit history.

Payday loans and personal loans are both unsecured loan options, but there are a few differences between them:

1. Payday Loans: These loans are generally short-term and meant to last a borrower in-between paydays. While these loans are usually quick and sometimes don’t even require a credit check, they can come at a high cost. Payday loans are notorious for high interest rates and fees that can be tough to repay, especially if you only have until the next payday to come up with the payment.
2. Personal Loans: You can find personal loans through a bank, online lender, or even a credit union. With unsecured loans, lenders primarily use your credit history and income to determine if you should qualify for a loan. If you do not have a strong credit history, you may not receive the cash you need through a personal loan, and your offered interest rates may be high. You may not even get approved at all! Personal loans can be a great option for borrowers with stellar credit, but they might not always be the best choice if you have bad credit.

If a payday loan or personal loan isn’t the right choice, a car title loan in Oklahoma could be an option worth considering. If you have a paid-off or close to paid-off vehicle, you can borrow against the value of your vehicle to access the funding you need.¹

How Do Title Loans in Oklahoma Work?

Title loans in Oklahoma are secured loans, meaning that your vehicle is the asset that’s used to secure the repayment of the loan. Loan approval is therefore more based on your vehicle than on your credit score or credit history.¹ The secured nature of the loan allows title lenders to be more flexible, which can be particularly beneficial for borrowers that do not have a strong credit history!¹ 

A secured loan like a car title loan can offer borrowers many different advantages, including:

1. The Potential For Higher Loan Amounts¹: If the value of your vehicle and your verifiable income support it, you may be approved for a higher loan amount compared to unsecured loan options.
2. Higher Approval Rates¹: Secured loans like title loans tend to have good approval rates since the lender has a lower risk when making a secured loan compared to an unsecured loan.
3. Bad Credit Won’t Always Matter¹: Since an applicant’s income and the value of the asset are important decision factors for the application, the applicant’s credit is less important – even bad credit can be OK!¹

If your income supports it, and your vehicle has substantial value or equity, you could receive as much as $15,000 through a title loan serviced by LoanMart!¹ The more value your vehicle has, the more potential there is to get a higher loan amount!¹ 

If you are like most drivers in Oklahoma, however, you may not know what your vehicle’s current equity value is. That’s okay! LoanMart has a convenient online tool that can do the hard work for you. The online title loan calculator can take a few bits of information about your car and income to give you a free title loan estimate online – even before you submit a full application for a title loan!¹

How Fast Can I Get My Cash Through a Car Title Loan in Oklahoma?

If you’re faced with a tough financial emergency, the first thing on your mind is how fast you can solve it. Whether you are dealing with rent, an unpaid bill, or another unexpected expense, you need cash fast! No matter if you’re applying from a major city like Broken Arrow or Edmond, or a smaller town like Bartlesville, with car title loans serviced by LoanMart, the entire approval process is streamlined to help borrowers like you in an emergency.

You can pre-qualify your car or truck in just minutes, and once you receive approval for an auto title loan in Oklahoma, you could get your cash as soon as same-day!³

What Documents Do I Need to Qualify for Auto Title Loans in Oklahoma?

Title loans serviced by LoanMart can be one of the most streamlined approval processes you’ll experience!³ The three-step approval process can be simple and easy, but there are a few documents you’ll need to submit to verify your information. These documents can be submitted online, via email or text message.

While the required documents can slightly vary form one application to the next, you can expect to need:

1. Bank Statements, Pay Stubs, or an Alternative Way to Prove Your Income
2. Proof of Oklahoma Address Through Utility Bills, Rent/Mortgage Agreements, or a Recent Credit Card Statement
3. Recent Photos of the Vehicle
4. A Government or Oklahoma-Issued ID, Such as a Driver’s License
5. The Vehicle Title in Your Name

Will My Income Qualify for Title Loans in Oklahoma?

Not sure if your income is the right fit for a title loan? The good news is that you do not need a traditional 9-5 job to apply for title loans in Oklahoma. Borrowers from all different kinds of financial backgrounds can qualify for title loans serviced by LoanMart!¹ Even if you don’t have an office job, you could still qualify for the cash you need through an auto title loan. Some of the most accepted forms of alternative income for a car title loan serviced by LoanMart in Oklahoma are:

• Worker’s Compensation
• Settlement Income
• SSI or Disability Income
• Retirement or Pension Income
• Self-Employment

If you still aren’t sure about your income qualifications, give a loan agent a call today at 855-422-7412. Agents are available for extended hours during workdays to answer your questions!

Do I Need Good Credit to Qualify for Car Title Loans in Oklahoma?

If your financial situation has hit you hard, chances are, your credit is not where you would like it to be. While you may not qualify for many personal loan options, a title loan could be a different story!¹ With title loans in Oklahoma, you may find a more flexible approval process available to borrowers in the same situation as you.

With traditional loan options, your credit history helps a lender determine how much of a risk you are to lend to. With a car title loan, the use of collateral during the approval process helps minimize that risk. Your vehicle’s title will be the collateral for the loan, meaning that your lienholder has the legal right to repossess it if you default.

This allows the approval process to be so flexible to borrowers without a strong credit history! For a title loan, you are using your vehicle’s title instead of your credit to secure cash. While your credit history may be considered, it is not the focus of the loan application review. Instead, title lenders will look closely at your vehicle’s value and your ability to afford a loan payment each month.

Even if you are not confident with where your credit history is at, don’t worry! You may still qualify for the cash you need through a title loan serviced by LoanMart today.¹

Do I Need a Bank Account to Qualify for Auto Title Loans in Oklahoma?

Title loans serviced by LoanMart do not require a bank account! You neither need a bank account to qualify for a loan, nor are you required to have one for making title loan payments.¹

If you are searching for title loans in Oklahoma and do not have a bank account, or simply do not wish to connect your account to your title loan, you have options available.

Receiving Funds Without Bank Account

If you don’t want to use your bank account to receive your title loan funds via ACH or wire transfer, you can choose to pick up cash at participating money transfer locations near you. Or, you can also request that a check for the loan proceeds be mailed to you.

Making Payments Without Bank Account

Besides paying through a bank account, you can access other payment methods after you have opened a title loan serviced by LoanMart. To repay your car title loan, you can choose from several options, including:

1. Pay by Phone with a Card
2. Pay in the App
3. Pay Online by Clicking the Customer Login

What is the Approval Process for Car Title Loans in Oklahoma?

Applying for a loan can often seem like a hassle, especially if you need to visit a loan store in person. If you are searching for title loans in Oklahoma, you don’t have to leave your house to apply! Title loans serviced by LoanMart are available in the Sooner State 100% online! You can complete an application for a title loan directly from your smartphone or computer.

Even after the initial application, you can expect that type of convenience with title loans in Oklahoma serviced by LoanMart. Here’s the quick and easy process to get approved:¹

1. Call or Apply Online: Ready to see if your vehicle qualifies for cash? Simply call 855-422-7412 or apply online.
2. Submit the Required Documents: Once your application has been initially approved, all that’s needed is a few basic documents! These documents help a loan agent verify your application information, income and identity!¹
3. Get Final Approval and Get Your Funds: Once your documents have been verified, the last step is to finalize your approval, sign your contract and get your funds!¹ A loan officer will walk you through your new loan contract, and answer any questions you may have about it. After your contract has been signed, the last step is to choose how to pick up your cash! You could get your funds in as little as one business day after loan approval.^{1 3}

Get Online Title Loans in Oklahoma Today

Ready to see if your vehicle qualifies for the cash you need? It only takes a few minutes to complete the online application to see how much your Oklahoma-titled car or truck qualifies for. If you receive final approval on a workday, you could have the cash you need by the end of the day!¹

How to Repay Your Title Loan Serviced by LoanMart in Oklahoma

Oklahoma auto title loan borrowers have access to several convenient payment channels if their loan is serviced by LoanMart. They include both online, phone and in-person options.

• Online payment options: Borrowers are welcome to make payments using the client portal or LoanMart mobile app.
• Phone payment: Borrowers who prefer to set up payments with the help of a customer service agent may do so as well, by calling 855-422-7412.
• In-person payment: Borrowers who prefer to make cash payments can do so at participating money transfer locations, including at MoneyGram locations.

MoneyGram locations can be found throughout the Oklahoma. Because they can be found in most cities, a person doesn’t have to travel too far make a cash payment on their title loan. For added convenience, below is a map and a list of some MoneyGram locations throughout Oklahoma.

Demographic and Financial Statistics for Oklahoma

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