Understanding What a Title Loan Is
A title loan serviced by LoanMart is a special type of loan created to help people in times of financial need. As such, a title loan serviced by LoanMart is quite affordable and almost anyone could obtain one.1
To apply for a title loan serviced by LoanMart, an inquiry form will have to be filled out online. The inquiry process is rather fast and could be completed in only a few minutes.1 It’s even possible that a borrower could receive funding the same day they apply.1
In order to be approved for a title loan serviced by LoanMart, a person will need to use their vehicle’s title as collateral. By doing so, almost anyone could be approved – even if they have bad credit or no credit history.1
And to top it all off, when someone obtains this loan, they can still drive their vehicle while making timely monthly loan payments.
The Benefits of a Title Loan
Other than having a fast loan process, title loans serviced by LoanMart also offer other benefits, such as:
Low Monthly Payments
Typically, title loans have large monthly payments. But title loans serviced by LoanMart differ in that they have low monthly payments.
Long Loan Terms
Title loans usually have short terms, which means that they typically need to be paid back within 30 days or so. But title loans serviced by LoanMart have longer loan terms, as they could possibly extend for years.1
No Hidden Fees
Just about anyone who has taken out a loan before knows that loans sometimes come with added fees. These fees can be just about anything, though oftentimes they take the form of balloon payments or pre-payment penalties.
However, since title loans serviced by LoanMart are meant to help people, there are no hidden fees to worry about.5 Thus, the only money a person needs to think about paying is their monthly bill when making timely payments.
Obtaining Funds from Your Local MoneyGram in Oak Grove, Tennessee
Once approved, a person can pick up their funds from their nearest MoneyGram location.