Understanding Car Title Loans in Clovis

If you have a paid-off car or your car is almost paid off, and you need money for an emergency, car title loans in Clovis can be a quick way to borrow a portion of your car’s value. An auto title loan is a secured loan that allows you to pledge your vehicle title as collateral for the loan, giving you fast funds to handle unexpected expenses. Although your car’s title is used to guarantee the loan, you can drive your car throughout the repayment period! If you’re fully approved for an online title loan in Clovis, you can typically access your money in as little as one business day.1,3

In addition to providing emergency funding, one of the most significant benefits of a car title loan is that you don’t need a perfect credit score to qualify. A title loan lender may review your credit history, but the focus of your application will be on your vehicle’s value and your ability to make loan payments. If you’re currently still making payments on your car, you may have to complete and sign a form authorizing your title lender to pay off your existing auto loan or title loan. Additionally, California title loan borrowers must usually fill out the lienholder section located on the back of their vehicle title with the name and address of the title loan lender, and then sign the title once that section is complete.

Whether you’re applying for an online title loan in Clovis or neighboring cities, such as Fresno and Bakersfield, you must submit several documents to verify your application information. Below is a general list of what you will need to apply for an auto title loan:

  • A California-Issued Car Title (Must Be in Your Name)
  • Evidence of Your Current Residence in Clovis
  • Pictures of Your Vehicle’s Interior & Exterior 
  • A Driver’s License, U.S. Passport, or Another Valid, Government-Issued Photo ID
  • Proof of Income 

Keep in mind that you don’t need a traditional job to qualify for auto title loans in Clovis. If you can’t apply for a loan with a pay stub to prove your income because you don’t receive weekly, bi-weekly, or monthly pay stubs, you can use alternative documentation to verify your income, such as benefits letters or bank statements.

Apply for a car title loan serviced by LoanMart today by filling out a brief pre-approval form online. You can upload the required documents from the comfort of your home and receive competitive interest rates if you’re eligible for funding!1

title loans in Clovis, CA

What is the Minimum Title Loan Amount in Clovis, CA?

The maximum and minimum amount you can receive through a title loan, along with the terms and conditions of the loan, can vary depending on the lender you decide to work with.

The minimum amount you can get for a California title loan serviced by LoanMart is $10,600, and the maximum you can access is $50,000.1 While your car’s value and your income are pivotal in determining your eligibility for the loan, they are also essential in establishing the loan amount you can qualify for as a title loan borrower. If you’re unsure about your vehicle’s current value, you can use LoanMart’s online calculator tool to get a no-obligation loan quote at your convenience1

If you need a significant title loan amount to handle large expenses, know that you can access up to half or more of your car’s equity if you’re approved for an online title loan in Clovis. The greater the value of your vehicle, the bigger your total loan amount can be if you can prove that you have the income to make payments on the loan. Call a title loan officer at 855-422-7412 if you have questions about how much money you can access through a car title loan online. If you receive full loan approval and decide to sign your electronic loan agreement, you can use your loan proceeds to handle the following situations:1

  • Home Repairs or Renovations
  • Medical Bills or Veterinary Expenses
  • Moving Expenses
  • Large Purchases
  • Funeral Costs

What is the Application Process for Personal Title Loans in Clovis?

Applying for personal title loans in Clovis can be easier than you think! With an online title loan serviced by LoanMart, you won’t have to go anywhere to apply for the funds you need to handle a tough financial situation. 

Below is a brief overview of how the application process works for auto title loans: 

  1. Fill Out an Online Questionnaire or Apply Over the Phone at 855-422-7412
  2. Provide the Necessary Paperwork to Verify Your Personal Information
  3. Complete a Virtual Car Inspection to Determine Your Vehicle’s Value
  4. Review Your Loan Contract and Discuss Your Loan Terms with a Title Loan Agent
  5. Choose How to Get Your Funds, Sign Your Loan Agreement, and Get Your Money!1

By following these steps, you can expect a streamlined and simple application process! If you’re eligible for a car title loan serviced by LoanMart in Clovis, there are a few convenient ways to get your funding, like getting a direct deposit to your bank account or having a check sent to your address. 

What are Some Misconceptions About Online Title Loans in Clovis, California?

Some individuals may be hesitant about applying for online title loans in Clovis due to misconceptions about this secured loan option. Check out some of the most widely known myths about car title loans and the reality about each one: 

  • Getting a Loan Can Be Difficult With Bad Credit: You may have heard how difficult it can be to apply for a loan if your credit score isn’t perfect. However, as mentioned previously, getting an auto title loan can be simple when you choose to apply for funding through a title loan serviced by LoanMart!1 Even if you have a bad credit score, it is possible to qualify for the financial help you need as long as you meet the loan criteria and provide the documents mentioned above. The application process for a title loan can be flexible because the loan is secured by collateral!1
  • You Need a New Car to Qualify: While it’s true that newer cars tend to have more value than older vehicles, you don’t need to own the latest make and model to qualify for quick funding. As long as your vehicle has sufficient positive equity to use as collateral for a title loan and you provide proof of income, you can get fast financial assistance.1

What are the Benefits of the Best Title Loans in Clovis?

When searching for the best title loans in Clovis, it’s important to find a flexible and fast loan option that offers numerous benefits, like a streamlined application process. Here’s a closer look at some of the perks you can expect if you qualify for a title loan serviced by LoanMart:1

  • Convenient Payment Options: You’ll have access to various payment methods when repaying a car title loan, like paying online through the customer web portal, setting up automatic payments from your checking account, or visiting a participating money transfer location in Clovis to pay in person. 
  • One Portal to Manage Your Loan: LoanMart has a convenient web portal to manage your loan account! Use the customer portal to make or schedule a payment, access your account documents, and more.
  • Exceptional Customer Service: Title loan representatives from LoanMart are available six days a week for extended hours to help borrowers during the application and repayment process. If you have questions about submitting an application or making payments on a car title loan, you can expect to speak with a professional loan agent who can answer your questions and guide you throughout your loan experience.

Start your title loan application today by completing a quick online form. If you’re eligible for a car title loan in Clovis serviced by LoanMart, you can access the funds you need to manage unexpected expenses in as little as 24 hours!3