The amount of your loan will be determined by assessing your vehicle’s make, model, mileage, age, and condition. This returns your vehicle’s current market value. If your car’s market value is $21,000, you could receive up to $21,000 through your loan.
With a car title loan, your eligibility is mostly based on your vehicle’s value. Additional requirements include:
Our customers are able to receive their loans in as little as 24 hours. To expedite this process, we recommend that you prepare all of the required documents in advance. This will cut down on your processing time and help you receive your loan faster.
In the case of a car title loan, your vehicle will be assessed to use as your eligibility. Your vehicle will be used as collateral on the loan. Your loan amount will be based on your vehicle’s current market value. While making loan payments, you will be able to keep your vehicle and drive it just like normal. We will only hold onto the vehicle’s title until the loan is paid in full.
Car owners can use their vehicle’s value as collateral on a personal loan. This type of loan is called a car title loan. In this case, your eligibility is based on the value of your car and not your financial history. This means you can get approved even if you have poor or no credit.