What are the Requirements for Title Loans in Mobile?

Title loans in Mobile can be a convenient and streamlined option if you need emergency cash to make ends meet. When you apply for an online title loan and sign your loan agreement, you will pledge your vehicle’s title as collateral for the loan in order to borrow against the value of your car. One of the biggest advantages of online title loans in Mobile is that you aren’t required to have a perfect credit score to qualify for fast funding!1

But as a Mobile resident, you must meet the following requirements during your application: 

  • Be of Legal Age: You must be at least 18 years old to apply for an Alabama title loan serviced by LoanMart. Be prepared to present a valid, government-issued photo ID, like your permanent resident card, U.S. passport, or Alabama driver’s license.
  • Have a Vehicle with Positive Equity: When your title loan application is reviewed, your eligibility for a car title loan is based mainly on your vehicle’s value and your ability to make payments on your loan. Whether you have a car, truck, or SUV, your vehicle must have enough positive equity to use as collateral for a title loan.
  • Ability to Provide Proof of Income: In order to prove that you can make payments on your title loan, you will need to provide a bank statement or recent pay stub. But keep in mind that you don’t need a 9-5 job to qualify for a title loan! If you don’t receive regular pay stubs, you have the option to submit alternative documents during the application process, such as benefits letters or retirement account statements.
  • Have an Alabama-Issued Vehicle Title: It is important to have an Alabama-issued vehicle title in your name and in your possession when you submit a loan request. 

In addition to having the paperwork mentioned above, you will need to submit proof of residence and several pictures of your car’s interior and exterior. The photos of your car and the rest of your paperwork can be uploaded to the document portal when applying for a title loan serviced by LoanMart! You can conveniently send everything to a loan officer through email or text message if that is a better option for you. 

Car title loans in Mobile can be a streamlined and simple way to access emergency cash and get back on your feet financially. Why wait to see if you qualify? Complete a short questionnaire online or call 855-422-7412 to get started! If you are eligible for a loan against your car, you can access funds in as little as one business day.1 3

Title loans in Mobile, AL

What is the Most I Can Get For a Title Loan in Mobile, AL?

Whether you need cash to pay unexpected bills or deal with other personal expenses, you might be wondering what your potential loan amount will be if you decide to apply for a Mobile title loan. 

A few different factors determine how much you can get for a title loan in Mobile, Alabama. As previously mentioned, your vehicle’s current value and your income are the main factors that determine your eligibility for fast cash. These characteristics will also impact your total loan amount if you are eligible for a title loan!

Qualified Mobile residents can get up to $15,000 through an Alabama title loan serviced by LoanMart.1 To check the title loan value of your vehicle, you can use LoanMart’s convenient online calculator at any time of the day or night. When completing the online form, you will need to know your car’s make, model, year, mileage, and trim level. Don’t wait to get started. Call 855-422-7412 to speak with a LoanMart title loan agent! 

What Disqualifies You From a Mobile Title Loan?

If you do not meet the application requirements or if you are unable to provide the required paperwork, you will not be able to borrow funds through a car title loan in Alabama. Whether you are located in Mobile, Tuscaloosa, or Montgomery, it is important to follow the required steps and ensure that all of your paperwork is valid and up-to-date before you start your application. Make sure that your license isn’t expired before you apply for a loan against your car!

Additionally, if your vehicle has negative equity, meaning that your car’s market value is less than what you currently owe on your car loan, you are disqualified from receiving full approval for a Mobile title loan. Remember that you can use LoanMart’s online calculator to learn more about your car’s title loan value at your convenience!1

Residents of Mobile may worry that having a bad credit score will automatically disqualify them from getting approved for a car title loan. This is not the case with an Alabama title loan! You can still apply for a title loan in Mobile even with bad credit. 

Car title loans in Mobile, Alabama

How to Apply for Car Title Loans in Mobile, Alabama

Applying for a Mobile title loan serviced by LoanMart can be simple and stress-free! Follow the steps below to apply for the fast funds you need to get your finances back on track:1

  1. Call or Click Online to Get Started: Begin your loan application over the phone by calling 855-422-7412 to speak with a LoanMart agent or by filling out a short questionnaire online. You will be able to find out instantly if you are pre-approved for funding if you decide to start your application online! 
  2. Submit Your Paperwork: If you receive fast pre-approval, the next step is to provide all of the paperwork mentioned above. 
  3. Get Your Funding: During the last step of your application, you will find out if you are fully approved for a car title loan! If you want to proceed, you can choose how to get your funding and sign your Mobile title loan agreement. Qualified borrowers in Mobile, Alabama, can choose between receiving their funds via direct deposit, getting a check in the mail, or picking up their cash at any participating money transfer location nearby. Getting your money in as little as 24 hours is possible if you are eligible for a title loan serviced by LoanMart!1 3

Benefits of Title Loans Serviced by LoanMart in Mobile, AL

Financial difficulties can be extremely stressful to manage on your own. By qualifying for title loans in Mobile, Alabama, you can get the funds you need to handle a tough situation! On top of fast access to funds in as little as one business day, there are many advantages to qualifying for a title loan serviced by LoanMart:1 3

  • Competitive Interest Rates and Convenient Loan Terms: Through title loans serviced by LoanMart in Mobile, Alabama, qualified borrowers can receive competitive interest rates, flexible loan terms, and multiple ways to repay their loans! Choose between making payments online via the customer portal, paying in person at any participating money transfer location, setting up automatic payments from a bank account, or making a payment over the phone! 
  • Simple Application Process: The application process for car title loans in Mobile can be efficient and streamlined. You can start your application online 24/7 from the comfort of your home.
  • Exceptional Customer Service And Support: LoanMart title loan agents are available to take your call six days a week for extended hours. If you have any questions during the application or repayment process, loan officers are happy to help!

Ready to apply for a title loan serviced by LoanMart in Mobile, AL? Fill out a quick questionnaire online or call us toll-free to speak with a LoanMart title loan agent!