What Exactly is a Title Loan?
A title loan serviced by LoanMart is a one of a kind loan, created to help people in times of financial need. As such, this loan is quite flexible as almost anyone could be approved1.
To apply for a title loan serviced by LoanMart, a person can do so online and the whole process could be completed in a matter of minutes³. And while someone could be funded within 24 hours, it’s also possible that eligible applicants could receive funding the same day1.
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, the loan is secured, and the borrower could be offered better terms and rates1.
In addition to all that, when a person takes out a title loan serviced by LoanMart, they are still able to drive their vehicle as they make their monthly payments on time!
The Benefits of a Title Loan in Red Bank
Although title loans serviced by LoanMart can be obtained quickly and easily, they also provide a host of other benefits as will, like¹:
Long Loan Terms
Traditional title loans are known to have short loan terms, only extending to about 30 days. But with a title loan serviced by LoanMart, duration terms are much longer than standard title loans—up to 3 years¹!
Low Monthly Payments¹
While loans can be beneficial in many different ways, they can oftentimes have large monthly payments that stay the same throughout the life of the loan. Though with a title loan serviced by LoanMart, monthly payments may start low and may continually get lower throughout the duration of the loan¹.
Borrowing More Funds¹
It’s often the case that when a person takes out a loan, they can’t borrow more funds until their first loan is paid off. However, that’s not the case with a title loan serviced by LoanMart, as a person could apply to borrow more funds at their current low rate1, .
Zero Hidden Fees5
Hidden fees are features that lenders like to add to loans so they can make more money from their borrowers. But title loans serviced by LoanMart are different from other types of title loans out there. Why? Because there are no hidden fees like prepayment penalties to worry about5.
Accessing Funds from Your Local MoneyGram in Red Bank, Tennessee¹
Once a resident of Tennessee has been approved for a title loan serviced by LoanMart, they can access their funds from their local MoneyGram location.
If you are a resident of Red Bank, Tennessee, then you’re in luck because there are quite a few MoneyGram locations in your area.