What is a Title Loan Serviced by LoanMart?
A title loan serviced by LoanMart is a unique type of loan that’s been created to aid people in need of financial support. Because of this, title loans serviced by LoanMart are rather flexible and just about anyone could be approved as long as they have a qualifying vehicle and a reliable source of income1.
To be approved for a title loan serviced by LoanMart, an applicant will need to use their vehicle’s title as collateral. By using a vehicle’s title as collateral, almost anybody could be approved – even people with bad credit or no credit1.
Those who apply for a title loan serviced by LoanMart will need to fill out an application online. Don’t worry though, as this part of the process is quite fast and the form could be completed in only a few minutes³. Usually, an eligible borrower is funded within 24 hours, but in some instances, funding could be made available the same day1!
Although borrowers use their vehicle as collateral, that does not mean they’ll lose their vehicle while they pay back the loan. On the contrary, a person can keep driving their vehicle while they are making monthly payments.
The Benefits of a Title Loan Serviced by in Loudon, Tennessee
Title loans serviced by LoanMart are quick and easy1, but these loans also offer several other desirable benefits.
Longer Loan Terms
Title loans typically have short term lengths, most only extend up to 30 days. Since title loans serviced by LoanMart are designed to help people, these loan terms are much longer—up to 3 years¹.
Lower Monthly Payments¹
Title loan serviced by LoanMart also offer low monthly payments as well¹. Unlike other title loans that have large monthly payments, title loans serviced by LoanMart have monthly payments that start low and could continuously get lower every month¹. Therefore, by the time someone makes their final payment, they could be paying half of their first loan payment¹.
Zero Hidden Fees5
Dishonest lenders often add hidden fees to their loans so they can make more money. These fees usually consist of balloon payments or pre-payment penalties. But with title loans serviced by LoanMart there are no hidden fees, only honesty and transparency5.
Obtaining More Funds¹
With many types of loans, it’s not possible to borrow more funds until the first loan is paid off. Title loans serviced by LoanMart are different though, as an eligible borrower could apply to receive more funding if they need it1. If the borrower has earned a lower rate through on time monthly payments, they could receive additional funding at the same low rate¹.
Accessing Funds at Your Local MoneyGram in Loudon, Tennessee¹
Once approved for a title loan serviced by LoanMart, a borrower could then go pick up their funds from the nearest MoneyGram location¹.
Residents of Loudon, Tennessee have a few location options available, as there are 3 MoneyGram stores in the area. Find the one closest to you and head there!