Traditional loan solutions, such as bank loans and professional lenders, are excellent options for those with optimal credit scores and plenty of time to wait for their funds to become available. However, many individuals find themselves in periods of financial strain and are unable to obtain the necessary funds to help them out of a difficult situation. Title loan companies such as LoanMart provide helpful alternatives, which may allow individuals to receive funds quickly while using their vehicle as collateral.
Why Choose an Auto Title Loan?
With an auto title loan, all you typically need is an income and a working vehicle that has been paid off. And you’ll have access to all information upfront, with no hidden fees or pre-payment penalties involved.
Additionally, the Internet helps customers confirm they’re borrowing with competitive interest rates, and not paying significantly more than they should be. LoanMart does its best to ensure your loan and payment plan align with your lifestyle.
Are There Any Restrictions Involved?
Money matters tend to be a sensitive subject – this is why auto title loans can be used as you like, with very few restrictions involved. However, the amount a borrower may receive is dependent upon several factors which include:
- The value of the vehicle in question
- The borrower’s current income
- Their ability to repay the amount in full
What Documents Are Requires for an Auto Title Loan?
In order to be approved, applicants may be required to submit the following documents:
- A vehicle title for a qualifying car, in your name
- A government-issued photo ID
- Proof of income (invoices, bank account statements, paycheck stubs) that shows your ability to repay the loan
- Utility bill or other proof of residence
- Pictures or video of your vehicle
Once all the necessary documentation has been provided, the qualified applicant may proceed to sign the loan contract and receive their money. The loan process is both quick and easy, and often individuals will receive their required funds in less than 24 hours.
Trusting Industry Professionals
Getting an auto title loan with LoanMart is a viable alternative for individuals in a difficult situation. They offer the following process for maximum convenience:
- Get in contact via phone or email
- Send all required documentation from the convenience of your home, via Internet website or mobile app
- Local pick-up of your funds
LoanMart takes pride in their ability to help their customers. Contact them today to get started!