How Do Title Loans Work in Knoxville, Tennessee?

If you are looking for fast and convenient access to cash, a Tennessee title loan serviced by LoanMart may be the answer. Although the cost of living in the Volunteer State is lower than the national average, an unexpected expense or medical bill can easily throw your budget out of whack. If you find yourself struggling financially and have a vehicle title in your name, then title loans in Knoxville, Tennessee, can be an opportunity to unlock emergency money.1 3

With a Knoxville title loan, your vehicle’s title is pledged as collateral for the loan. A lien is added to the title to your car, truck, or SUV after the loan is complete. Once the title loan is paid off in full, the car title is returned to you and the lien is removed. 

Like most residents of Tennessee, your vehicle is an integral part of your life for work, family and other commitments! By keeping up with your title loan payments, you can keep riding around Tennessee in your vehicle like it’s business as usual. Qualifying for a title loan serviced by LoanMart comes with many perks, including access to fast funding in as little as 24 hours.3 Best of all, you can qualify for a title loan with bad credit because the application process is much more flexible in comparison to unsecured loans.1

If you are experiencing financial strife and looking for a way out, you don’t have any time to waste. Complete a short questionnaire online to apply or call 855-422-7402 today to speak directly to a LoanMart title loan agent today!1

What are the Requirements for a Title Loan in Knoxville, TN?

title loans in knoxville, tennessee

While title loans are allowed in the state of Tennessee, it is still important to do your research and ensure that you have a solid understanding of the general requirements to obtain loan approval.1

If you plan on borrowing against the value of your vehicle through a title loan in Knoxville, Tennessee, ensure that your vehicle will qualify as collateral for the loan. You can apply for a title loan with a car, truck or SUV, but it must have a qualifying amount of positive equity. Use LoanMart’s online title loan calculator to get a vehicle value estimate and a loan quote with absolutely no obligation!1

Additionally, you will need to have your vehicle’s title in your name and in your possession at the time of application. If you have lost or misplaced your vehicle’s title, begin the replacement process as soon as possible by visiting your local Department of Motor Vehicles. Regardless of whether you are applying from Knoxville, Nashville, Memphis or Chattanooga, meeting the title loan requirements is your ticket to unlocking the fast cash you need to get back on your feet. If you are eligible, you can use your money to handle a variety of financial issues. From car repairs and medical bills to replacing a broken furnace, a title loan has you covered.1

What Documents Do I Need to Qualify for Car Title Loans in Knoxville, Tennessee?

After your initial application is submitted online, you can quickly find out if you are pre-approved for emergency funding. Once your title loan agent reviews all of your documentation and your car undergoes a vehicle inspection, you will find out if you are eligible for final approval.1

Be prepared to gather the following documents and submit them during your application for a Knoxville title loan:1

  • Valid, Government-Issued Photo ID: Provide your valid, Tennessee driver’s license, U.S. passport, or another qualifying identification card to verify your identity and confirm that you are at least 18 years of age. 
  • Proof of Tennessee Residency: A signed lease agreement, recent mortgage statement, utility bill, or another piece of official mail can be used to prove your address. 
  • Vehicle Information, Tennessee Car Title, and Photographs: As previously discussed, you will need to have your vehicle’s title on hand and be able to provide some basic information regarding your vehicle (such as its year, make, model, style, current mileage, VIN). To complete a virtual vehicle examination when applying for a title loan with no store visit in Knoxville, Tennessee, you will be asked to upload some recent photographs of your car during your loan request.1
  • Proof of Income: A title lender will need to verify your ability to repay the loan during your application. Along with the value of your vehicle, your loan amount and eligibility for a title loan are largely based on this factor. Be prepared to submit a recent pay stub or bank statement to verify your monthly gross income.1

Submitting these documents in a complete and organized fashion is one way to ensure that the application process is as speedy as possible. With LoanMart, you have the option to upload everything online through the customer portal, or send your paperwork to a title loan agent through email or text message!1

Finding the Best Title Loan Provider in Knoxville, Tennessee

online title loans in knoxville, tennessee

Now that you understand more about Knoxville title loans and the documents you need to get approved, your next step is to find a title loan provider in Tennessee. Since there are so many online options, it’s easy to get overwhelmed. As a consumer, it is important to do your due diligence and research different reputable lenders before you submit your application. 

Keep these tips in mind when searching for a title loan provider online:

  • Compare the Interest Rates and Fees of Different Title Loans to Ensure You are Receiving the Best Loan Terms for Your Situation 
  • Consider How Long You Will Have to Repay the Loan and Whether You Can Afford to Pay it Back
  • Read Customer Reviews on Websites Like Trustpilot and the Better Business Bureau 

What are the Benefits of Title Loans Serviced by LoanMart in Knoxville, TN?

Some of the advantages that come with qualifying for a Knoxville title loan serviced by LoanMart include the following:1

  • Speedy and Transparent Application Process1
  • Funds in as Little as 24 Hours1 3
  • Flexible repayment terms
  • Exceptional Customer Service 

If you are facing a financial emergency, you do not have endless hours to fill out applications online. With LoanMart, you will encounter a fast inquiry process that was designed to be as efficient as possible. If you qualify, you can receive your funds as soon as the same or the next business day and get up to three years to pay it back!1 3

Don’t settle for less than compassionate customer service agents. A helpful LoanMart title loan agent can walk you through your entire application from start to finish. When you need financial help, you can count on LoanMart to provide an effortless way to apply for the cash you need. There are no hidden fees or prepayment penalties to worry about! Apply online by completing a short pre-approval form or call 855-422-7412 to obtain more information about car title loans in Knoxville, Tennessee.1 3 5