What do I need for a Title Loan?

  • 1

    Decide on the necessary loan amount

    Think carefully how much money you need so that it helped you to solve your urgent financial problems and at the same time it was affordable for your budget.

  • 2

    Fill out a simple application form online

    State the amount you need as well as your e-mail address. It's necessary to find you a suitable lender. Be sure your data will be safe and secure.

  • 3

    Get an instant approval decision from a lender

    As soon as you've requested a loan, you'll be matched with the best lender providing such cash advance at the lowest rates and most affordable terms.

  • 4

    Receive the cash into your account within 24 hours

    In case you are approved, and you're most likely to be, the money will be deposited into your bank account within 1 - 2 business days, or even same day if you apply as soon as possible.

Get your loan ONLINE

  • Compare rates and terms
  • Avoid visiting multiple banks and storefronts
  • Apply directly on a lender’s website
  • Get a guaranteed instant decision
  • All the money transactions are done online quick and easy

Author: Andrew Williams

Study the basic Car Title Loan requirements and all the necessary documents to get the money as fast as possible.

title loan requirements

What is a Title Loan?

Car Title Loan is a short-term loan where the borrower uses his car as collateral for the loan. Since the loan is secured, you must temporarily transfer your vehicle title to the lender until the debt is fully repaid. However, you must be the sole owner of the title to be able to apply.

Title Loans are available to the borrower with any credit. With this loan, even if you have had problems repaying debts in the past, you can apply and receive funding. However, make sure you can repay the loan amount. Otherwise, the lender will be able to take away your car in order to consolidate the debt.

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What are the requirements to get a Car Title Loan?

In order to obtain a Car Title Loan, you must first fully own your car (there may be no liens against the title). Also, you must provide the following:

  • Original vehicle title with solo ownership
  • Current vehicle registration
  • Proof of vehicle registration
  • Government issued identification matching the name on the title
  • Proof of residency matching the name on the title

In addition, you also need to provide some information about yourself:

  • You must be a US citizen or an official resident
  • Age at least 18 years of age or older
  • Regular monthly source of income
  • Recent pay stubs
  • Proof of identity, such as a driver’s license or government-issued ID
  • Contact details such as phone and email
  • Social Security Number

Please be aware that eligibility criteria may vary depending on the lender you choose and the state where you live.

How does a Car Title Loan work?

In order to receive a Title Loan, you need to apply online or at the lender’s store. When filling out the online form, you will be asked to provide some basic information about yourself, such as name, income information, address, contact details and so on. Next, the lender will contact you to discuss the terms of the loan and its repayment.

You will also need to take the car to the lender’s store so that experts can assess its condition. They pay attention to things like make, model, mileage, condition, cost, and more. The loan amount that you get varies depending on the car, and you can get from $ 100 to $ 10,000. Typically, you will be able to get from 25% to 50% of the car’s value.

If you are satisfied with the loan offer, you transfer the title of the car to the lender, sign the contract and receive the money.