Understanding a Title Loan
A title loan serviced by LoanMart is a special type of loan that’s been created to help those who are in financial need. Due to the nature of this loan, it is rather flexible as nearly anyone could be approved.
The approval process for a title loan serviced by LoanMart will require that a person use their vehicle’s title as collateral. Because a vehicle’s title is used as collateral, a person’s credit is not the main qualifying factor. That means that even people that have bad credit or no credit history could be able to obtain a title loan serviced by LoanMart.1
Applying for a title loan serviced by LoanMart is very simple, as the whole thing could be completed online and in just a few minutes. And while a person is typically funded within 24 hours, it’s possible that a person could get the money they need the same day they apply!1
Though the best thing about a title loan serviced by LoanMart is that a person can still drive their vehicle while they have this loan and make their monthly payments on time.
The Advantages of a Title Loan
Title loans serviced by LoanMart also offer other advantages as well, like:
Faster Acquisition of Funds
With a title loan serviced by LoanMart, acquiring funds is much easier than with other loans, as applying can be done in just a few minutes. It’s possible that a person could be approved the same day they apply!1
Low Monthly Payments
Many title loans often have monthly payments that can be quite high. A title loan serviced by LoanMart is different though, as payments start low.
More Time to Pay
Most title loans also have short terms meaning that loans need to be paid back within about 30 days. Since title loans serviced by LoanMart were designed to help people, their term lengths could extend for years—making repaying the loan much easier.1
Zero Hidden Fees
Like it or not, hidden fees are often attached to loans to make more money for loan companies. These fees can sometimes be balloon payments or pre-payment penalties. These fees, though beneficial for loan companies, may not be so beneficial for borrowers.
That’s why title loans serviced by LoanMart have no hidden fees.5 So the only money anyone needs to think about is paying their bill each month when the payment is made on time.
Acquiring Funds Through Your Local MoneyGram in Tellico Village, Tennessee
After a person has been approved for a title loan serviced by LoanMart, they can acquire their funds from their nearest MoneyGram location.
If you happen to live in Tellico Village, Tennessee, there are a few MoneyGram locations in your area. To assist you in finding these locations, a map and several addresses have been provided.