Roanoke, known as the Queen City of Southwest Virginia, is more than a city – it’s the regional anchor for hundreds of thousands of people across the Blue Ridge and Appalachian communities. From Carilion Clinic and the Roanoke Valley floor to the Mill Mountain Star overlooking downtown, this proud mountain town keeps the region moving.
However good life in Roanoke may be, unexpected financial gaps can arrive without warning. That’s when an auto title loan could be a practical option. With a title loan, you can use the vehicle you already own to access funds, with approval based more on your vehicle’s value rather than your credit score.1
What’s more, you can continue driving your car, truck or SUV throughout the repayment period. If you’re facing an unexpected or urgent expense, car title loans in Roanoke, VA can provide a way to use the equity in your vehicle when you need cash quickly.1
Who Can Qualify for a Vehicle Title Loan in Roanoke
In addition to owning a vehicle in your name with a lien-free title or sufficient equity, applicants for a LoanMart-serviced loan must have a verifiably consistent source of income. This may come from wages, government benefits, self-employment or other alternative sources. Applicants must also be at least 18 years old and live in Roanoke, the broader Roanoke Valley, or a surrounding community.
Simply put, qualifying for a LoanMart-serviced title loan is primarily based on the value of the vehicle and the applicant’s ability to repay – not their credit history.1 This can make a title loan an option for people who live in Roanoke whose income is steady but whose credit histories may rule out a traditional bank loan.
Title Lending in Roanoke: What to Expect on Loan Amounts and Terms
With a title loan serviced by LoanMart, you may be able to borrow as much as 50% of the value of your vehicle up to $15,000.1 Deciding factors include your ability to make loan payments and the amount of equity you have in your vehicle. The latter is determined based on its mileage, make, model, condition and current market value.
Additionally, you can borrow any amount you wish, within your approved range.1 Monthly payments are designed to be aligned with your income cycles to help make repayment more manageable. What’s more, you can pay off your loan early without a prepayment penalty.
How Roanoke Residents Can Apply for a Title Loan
For borrowers balancing work, family and long commutes in this region, making an extra trip to a title loan store can be inconvenient. LoanMart’s online or phone-based application processes let borrowers apply without time away from work.
Here’s the fast and easy application process for a Roanoke title loan serviced by LoanMart:
- Fill out the online application, or apply by phone at 855-422-74221
- Once you’re approved, submit the items listed below
- Review and sign your loan agreement
- Receive your funds
Before your loan can be finalized, you’ll need to submit a few documents:
- A valid Virginia driver’s license, passport, or other government-issued identification
- Proof of income (such as pay stubs, bank statements, veteran or Social Security benefit statements)
- Proof of Roanoke residence (such as a utility bill)
- Your lien-free Virginia vehicle title
- Clear and current photos of your vehicle’s interior and exterior, including the VIN and odometer reading
It takes about five minutes to complete the application process. Once approved, you could have your cash by the next business day – sometimes even sooner.1,3 Plus, you have multiple options for receiving your funds including ACH direct deposit, wire transfer or cash pickup at participating money transfer locations throughout Roanoke County.
Get a Loan on Your Car Title Near Roanoke and the Roanoke Valley
LoanMart serves customers throughout Roanoke, including downtown, Old Southwest, Grandin Village, Williamson Road, South Roanoke, Hollins and the Peters Creek Road corridor. LoanMart also serves the broader Roanoke Valley, including Salem and Vinton, along with Roanoke County communities such as Cave Spring, Hollins, Bonsack and residents of Botetourt County.
Serviced locations also extend to Lynchburg, Blacksburg, Danville and Charlottesville. Franklin County residents who commute to Roanoke for work or services may also apply for Virginia title loans – and they can do so online!
Apply today for your title loan serviced by LoanMart.
Addresses shown display closest MoneyGram locations. Map displays all MoneyGram locations in general vicinity.
Locations Near Roanoke, Virginia
LoanMart is proud to help people all over the United States, including Roanoke, Virginia and beyond! Look through the different LoanMart service areas and see which one is closest to your neighborhood:
