What is a Title Loan Serviced by LoanMart?
A title loan serviced by LoanMart is a type of loan that’s been designed to help people in times of financial need. To be approved for a title loan serviced by LoanMart, a person will need a working vehicle, a vehicle title in their name, and a consistent source of income¹. With these requirements met, almost anybody can be eligible – even those with bad or no credit history1.
Those looking to apply will need to fill out an inquiry form online or apply over the phone in Mount Carmel, Tennessee. The process can be relatively quick and may be completed in only a few minutes1. While applying may be fast, so too is the approval process, as eligible borrowers could be funded the same day1!
Best of all, title loan borrowers can still drive their vehicles while they pay back their monthly loan payments on time!
The Benefits of a Title Loan Serviced by LoanMart in Mount Carmel
Low Monthly Payments¹
In most cases, title loans have large monthly payments. Though the loan can be paid off sooner this way, large monthly payments can put a strain on a borrower’s finances. To avoid undue stress, title loans serviced by LoanMart have low monthly payments¹!
Longer Loan Terms
Loan terms on a traditional title loan are generally quite short, extending to about 30 days or so. But title loans serviced by LoanMart are different, as they were designed to help people in times of need. To reflect that, loan terms could extend for years¹. Thus, making repayment that much easier for people.
No Hidden Fees5
Oftentimes people find that their loans have hidden fees like balloon payments or pre-payment penalties. But title loans serviced by LoanMart have no hidden fees of any kind, so customers only have to pay their regular monthly payment when making their payments on time5.
Acquiring Funds at in Mount Carmel, Tennessee¹
When a person has been approved for a title loan serviced by LoanMart, they can then pick up their funds at their nearest MoneyGram location¹. For residents living in Mount Carmel, Tennessee, there are 9 locations nearby to choose from.