Understanding Title Loans in Bentonville

Dealing with unexpected expenses? Title loans in Bentonville are secured loans that allow you to pledge your vehicle’s title as collateral for fast funding. When you take out a title loan, a lien is placed on your vehicle’s title by the lender. One of the biggest advantages of title loans is that you can keep your car on the road during the repayment process if you keep up with your loan payments! 

Typically, title loans cater to borrowers in Bentonville with bad credit, so don’t let your current score keep you from applying for the cash you need. You can borrow against the value of your vehicle and access funds in as little as 24 hours if you are eligible for a title loan serviced by LoanMart.1 3

If you are struggling financially and have an Arkansas-issued car title in your name, start your application for a Bentonville title loan by filling out a short questionnaire online or by calling 855-422-7412 to speak with a friendly LoanMart loan agent today! 

What are the Requirements for a Title Loan in Bentonville?

If you are ready to apply for an Arkansas title loan, understand that you must be at least 18 years old to submit an application. In order to verify your age and identity as a resident of Bentonville, you will need to provide a valid, government-issued photo ID, such as your Arkansas driver’s license. In addition to having a valid ID, you should be prepared to present the following documents when applying for a loan against your car:1

  • Proof of Income: Another requirement for car title loans in Bentonville is that applicants must provide proof of income during their applications. You can submit a recent bank statement, pay stub, or another acceptable document in order to verify your ability to make payments on your loan. 
  • Arkansas Vehicle Title: At the time of your loan request, you will need to have a car title in your possession and in your name. This is the most important document to have during your Bentonville title loan application. 
  • Proof of Arkansas Residence: Try to find a utility bill, credit card statement, or phone bill that was recently sent to your Bentonville address because a qualifying piece of mail is required to verify your current residence.
  • Vehicle Photos and Information: During the first step of your application, you will be asked to provide information about your car, such as your vehicle’s make, model, year, current mileage, and style! If you are pre-approved for a car title loan, you will need to submit recent photos of the interior and exterior of your car. These photos will be used to complete a virtual vehicle inspection, so make sure they are recent and have good lighting!

The good news is that all of these documents can be conveniently uploaded to the online portal or sent directly to a LoanMart loan agent via email or text message. Choose the submission option that works best for you when applying for a car title loan in Bentonville, Arkansas!

Title loans in Bentonville, Arkansas

What’s the Most I Can Get for a Title Loan in Bentonville?

If you qualify for an auto equity loan in Bentonville, Arkansas, you can get up to half or more of your car’s value!1 Your title loan amount will primarily depend on your income and the available equity in your car or truck. If you are unsure of your vehicle’s current value, you can get a 24/7 vehicle value estimate using LoanMart’s online title loan calculator. If your vehicle has a high value, you can expect a high title loan amount if you can provide sufficient proof of your ability to make payments on your loan. The average loan amount for an auto title loan serviced by LoanMart in Arkansas is $4,458, but you can get up to $15,000 depending on your income and the value of your car!1

What Disqualifies You From Getting an Auto Title Loan in Bentonville, AR?

One of the simplest ways to be disqualified from an auto title loan is to not provide the right documents during your application. It’s a smart idea to gather all the required documents in advance and double-check your paperwork for accuracy before you start your Bentonville title loan request! For example, make sure that your license is not expired and that your pay stubs are as recent as possible.

If you are unable to provide a bank statement or alternative documentation to prove your income, or if you do not have an Arkansas vehicle title in your name at the time of your application, you will not be eligible for a loan against your car.

While various factors are taken into consideration during your application, your eligibility for a car title loan is mainly determined by your vehicle’s value and your ability to make payments on your loan. Although you can borrow against the value of a newer or older car, the vehicle you intend to use as collateral for the loan must have a qualifying amount of positive equity. When your vehicle has positive equity, it means that its market value is greater than the amount you still owe on your auto loan. If you owe nothing on your car loan, then its value is equal to its current resale value.

Whether you are a resident of Bentonville or a nearby town like Pine Bluff or Little Rock, you can use the convenient online title loan calculator to get a vehicle value estimate and a title loan quote, free of obligation. Fill out a quick questionnaire online or call 855-422-7412 to speak with a LoanMart title loan agent to learn more about auto title loans in Bentonville! 

Bentonville Title loans

Where Can I Get a Loan on My Car Title in Bentonville, Arkansas?

Applying for a car title loan in Bentonville can be as simple as possible if you begin your application online or over the phone! Check out the streamlined, three-step process to apply for a car title loan serviced by LoanMart as a resident of Bentonville:1

  1. Call Us or Click Online to Get Started: Begin your loan application by filling out a short questionnaire online or apply over the phone by calling 855-422-7412. If you decide to apply over the phone, a loan officer can walk you through your application and answer all of your questions!
  2. Upload Your Documents: By gathering your paperwork ahead of time and ensuring that all documents are valid, you can potentially speed through this step of your application!1
  3. Get Your Fast Funding: If you are fully approved for a car title loan, the last step of this convenient process is to choose how to get your funding and sign your loan agreement! If you are eligible for a title loan serviced by LoanMart, you can choose to receive your funds via direct deposit and access your money in as little as 24 hours! You also have the option to get a check in the mail or pick up your money at any nearby participating money transfer location.1

Financial stress can be complicated, but applying for auto title loans in Bentonville, Arkansas, can be straightforward. Don’t wait to apply for the emergency cash you need to deal with personal expenses! Submit a prequalification form online today to see if you are instantly pre-approved for fast cash through a Bentonville title loan serviced by LoanMart.1