How Do Title Loans Work in Memphis, Tennessee? 

When you find yourself in need of quick cash, consider applying for title loans in Memphis, Tennessee. A title loan is a type of secured loan where you use the title of your car or truck as collateral for the loan. The amount of money you can borrow through a Tennessee title loan is mainly based on the value of your car and your income. You get to keep driving your vehicle while repaying the loan on time! This makes title loans a convenient option for individuals who need fast funding and do not want to give up their main method of transportation.1 3

To qualify for a Tennessee title loan, you’ll need to meet the lender’s requirements. First of all, you must have a vehicle title in your name. Your vehicle should be in good working condition and have a sufficient amount of value to secure the loan. According to the applicable title loan laws in Tennessee, you must be at least 18 years old to apply for a loan. Additionally, you’ll need a valid, government-issued ID, proof of income, recent photos of your vehicle, and proof of residence in Memphis.1

Unlike some traditional bank loans that are applied for in person, online title loans typically have a quicker application process, allowing you to get the funds you need in a shorter amount of time. Title loans often have more flexibility than unsecured loans, making them accessible to individuals with bad credit.1 3 

When the unexpected happens, you need a fast loan to help you get back on your feet. Title loans serviced by LoanMart in Memphis, Tennessee, are designed to provide you with a hassle-free borrowing experience. With competitive interest rates and funds available in as little as 24 hours, the repayment process can be as convenient as possible.1 3

title loans Memphis, Tennessee

What Documents Do I Need to Get Car Title Loans in Memphis, Tennessee?

Getting car title loans in Memphis, Tennessee, can be fast and simple. To prove your income, identity, and other personal information, you’ll need to submit these documents during your application:1 3

  • Bank Statements, Pay Stubs, or Another Document to Prove Your Income
  • Proof of Address in Memphis, Tennessee, through Recent Credit Card Statements, Utility Bills, or Another Piece of Official Mail
  • Pictures of Your Car’s Interior and Exterior to Complete a Virtual Vehicle Examination
  • A Tennessee Driver’s License, U.S. Passport, Permanent Resident Card, or Another Valid, Government-Issued Photo ID Card
  • A Tennessee Car or Truck Title, Which Must be in Your Name

Whether you are applying from Memphis, Nashville, Jackson, Knoxville, or another area in Tennessee, if have any questions about the documents you’ll need to secure a title loan, do not hesitate to contact LoanMart at 855-422-7412.1

How to Apply for a Title Loan in Memphis 

When you’re searching for fast cash, a Memphis title loan can be a great option. Here is a step-by-step guide to applying for a title loan serviced by LoanMart as a resident of the Music City:1

  1. Gather the Necessary Documents: Make sure to have your documents ready before starting the application process to speed everything along. You can conveniently submit everything through an online portal or send your paperwork to a LoanMart title loan agent through email or text message.1
  2. Start Your Application: Once you’ve gathered all of your documents, you can start the application process for a car title loan in Memphis online or over the phone with a title loan officer. Provide all the required information and be as accurate as possible to ensure a smooth approval process.1
  3. Submit Your Documents: After completing the initial inquiry form, you’ll be asked to submit your documents to verify your information if you are prequalified. A few photos of your vehicle will also be requested to complete the required vehicle inspection. The inspection helps a title lender determine the value of your vehicle, which is an important factor that affects both your eligibility for a title loan and your total loan amount.1
  4. Review Your Loan Terms: Once your documents have been reviewed and everything is in order, you will be able to find out whether you are eligible for a Memphis title loan. Then, you can discuss your loan terms with your title loan agent and review your loan contract once it has been created. If you have any questions about your interest rate or any other aspect of your title loan, count on your LoanMart title loan agent to help walk you through it!1
  5. Receive Your Funds: Once approved for a Memphis title loan serviced by LoanMart, choose to get your funds through direct deposit, a check in the mail, or simply pick up your cash at any participating money transfer location near Memphis.1

If you are eligible for a title loan serviced by LoanMart in Memphis, you’ll receive the funds in as little as 24 hours and be able to use them for any and all of your financial needs.1 3

online title loans Memphis, Tennessee

What are the Benefits of Memphis Title Loans?

When it comes to getting a title loan in Memphis, you want a process that is quick and easy. At LoanMart, we understand the urgency of your financial needs, which is why our application process is designed to be streamlined for borrowers experiencing financial emergencies. You can apply from the comfort of your home and skip the hassle of visiting a store! With just a few simple steps, you can apply for a title loan online or over the phone and get the funds you need to get back on your feet. Take a closer look:1 3

  1. Complete a Short Inquiry Form Online and Meet the Title Loan Requirements 
  2. Submit the Required Documents
  3. Review the Terms and Conditions of Your Loan and Accept the Loan Offer if You Want to Proceed 
  4. Mail Your Vehicle Title After Signing Your Electronic Loan Agreement
  5. Get Your Title Loan Money!1

Once you have your title loan money, you can use it to handle a variety of financial emergencies. Whether you have unexpected bills that need to be paid, a home renovation that needs to be finished, or you simply need cash for a rainy day, a Memphis title loan can be the answer.

If you are eligible for a title loan in Memphis serviced by LoanMart, you can access a fast application process, competitive interest rates, and no hidden fees or prepayment penalties.1 5 Apply for car title loans in Memphis, Tennessee, and access fast funding if you qualify!1 3

Where Can I Repay My Title Loan Serviced by LoanMart In Person in Memphis, Tennessee?

With title loans serviced by LoanMart, you could get your approved funds through your local participating money transfer location!1 There are many Money Gram locations all over Memphis, one more advantage of title loans serviced by LoanMart.

There is a map provided below, with MoneyGram locations in Memphis. Along with a list of contact information of a few of these locations.