Understanding a Title Loan

Title loans serviced by LoanMart are a type of loan geared toward helping people in financial need. This loan is designed to aid as many people as possible, that’s why it may easily fit into anyone’s budget.

The way a title loan works is by using a vehicle’s title as collateral. By using a vehicle’s title as collateral, almost anyone could be approved.1 So if you have no credit history or bad credit, that may be okay, as you too could be able to receive a title loan serviced by LoanMart.1

For those concerned about what repayment might be like, you need not worry. That’s because title loans serviced by LoanMart have very reasonable loan terms. Normally, title loans have terms that only last one year. But with a title loan serviced by LoanMart, a borrower could have years to repay the loan.1

Frequently Asked Questions about Title Loans in South Cleveland, Tennessee

  • Can you get more than one title loan with LoanMart Servicing Title Loans in South Cleveland, TN? – Only 1 title loan per any 1 vehicle is allowed at a time. However, if you have a second car in a spouse or partners’ name it may be possible to take out an additional title loan using the alternative car.
  • What kinds of interest rates come with LoanMart Servicing Title Loans in South Cleveland, TN? – Title Loans serviced by LoanMart in South Cleveland, TN come with competitive industry-wide interest rates.
  • What happens with my car when I go with LoanMart Servicing Title Loans in South Cleveland, TN? – As you keep up with your monthly payments, your car stays with you for you to use for the duration of your title loan.

The Advantages of a Title Loan in South Cleveland

While a title loan serviced by LoanMart could provide longer loan terms, that is not the only benefit customers receive when taking out this type of loan.

Quickly Obtaining Funds

Typically, applying for a loan can be a rather long process. But applying for a title loan serviced by LoanMart is rather quick, as the process could be completed in a matter of minutes. Plus, a qualified borrower could receive emergency funds within 24 hours, or in some cases, the same day they apply!1

Low Monthly Payments

Many times when people take out a loan, their monthly payments end up being higher than they thought. When it comes to a title loan serviced by LoanMart, the monthly payments start low.

Zero Hidden Fees

Quite often loans can come with hidden fees such as balloon payments. These added payments can sometimes make it tough for a person to adequately pay back their loan. Though with a title loan serviced by LoanMart, there are no hidden fees to worry about.5 Thus, making it easier for anyone to pay back what they owe.

Acquiring Your Funds from Your Local MoneyGram in South Cleveland

Once you’ve been approved for a title loan serviced by LoanMart, you’ll then need to pick up your funds. To get your money, you can visit your nearest MoneyGram location. For residents living in South Cleveland, Tennessee, there are several location options to choose from.

To help you find your nearest MoneyGram location, a map and a list of all 9 nearby locations have been provided.