Title Loans in Tennessee

How Do Title Loans Work in Tennessee?

Looking to learn more about title loans in Tennessee? Title loans can be a convenient way to access fast cash!^{1 3} With a title loan, a qualified borrower will be able to borrow against the value of their vehicle and access emergency cash. Although you are required to use your car’s title as collateral for the loan, you will be able to drive it as long as you are keeping up with your loan payments.^{1 3}

In order to qualify for a title loan in Tennessee, you must have a car with positive equity, and you will be asked to provide sufficient evidence of income, along with the following documents:¹

• Proof of Current Address in Tennessee: Submit recent utility bills, bank statements, credit card statements, lease agreements, or mortgage statements to prove your current address in Tennessee.
• Recent and Clear Photos of Your Car: Take clear photos of all sides of your vehicle, including the driver’s side. Additionally, you will be asked to upload photos of your car’s VIN (Vehicle Identification Number) and odometer reading.
• Proof of Identification: You are required to submit a valid, government-issued photo ID card during the application process. Many applicants tend to submit their driver’s license, passport, or state identification card.
• A Car Title in Your Name: You are required to pledge a title to a qualifying car, truck, or SUV as collateral for the loan. It must be in your name at the time of your application, and if you have misplaced it, you will need to head to your local Department of Motor Vehicle Services facility and request a duplicate title. As a resident of Tennessee, you can expect to pay around $14 for a duplicate vehicle title.

If you are applying for a title loan serviced by LoanMart, you can conveniently submit your documents online with no hassle! You will also be able to send your documents to a title loan agent via email or text message during your application.

That’s how simple it can be to apply for online title loans in Tennessee. If you have any questions about applying for Tennessee title loans, give LoanMart a call at 855-422-7412 today!¹

Does Tennessee Allow Title Loans?

Yes, you can apply for online title loans in Tennessee. According to the title loan laws in Tennessee, you must be at least 18 years of age to submit an application, and if you are eligible for a title loan, you are required to pledge a title to a qualifying car, truck, or SUV as collateral for the loan. Generally, a prospective borrower can access up to half of their car’s value through a title loan.¹

In addition to the aforementioned requirements, the title loan requirements in Tennessee also include the fact that you will need to show proof of your ability to repay the loan during your application. You do not need to submit proof that you work a 9-5 job, but you must provide recent bank statements, pay stubs, or proof of an alternative form of income in order to obtain loan approval. Acceptable forms of alternative income include the following:¹

• SSI (Social Security Income)
• Disability Income
• Retirement or Pension Income
• Alimony Income

Visit the FAQ page or dial 855-422-7412 to learn more about applying for Tennessee title loans online. LoanMart title loan agents are standing by to walk you through your loan request and discuss every aspect of the application process with you. Feel free to contact us with any questions you may have!¹

Can I Get Title Loans with Instant Approval in Tennessee?

Although title loans are allowed in Tennessee, you will not be able to get instant online title loans in Tennessee. In fact, it’s fair to say that the only way to obtain cash in your hand in an instant is to ask your friends and family. Reputable lenders need time to thoroughly review your information and documents before they can approve your loan application.

If you are searching for a streamlined application process, however, you can apply for a title loan serviced by LoanMart online and find out if you are eligible for instant pre-approval! Just click here to fill out a short prequalification form online or give us a call at 855-422-7412. It can take just a few minutes to find out if you are prequalified for the emergency cash you need!^{1 3}

Can I Get Title Loans with Bad Credit in Tennessee?

Getting title loans with bad credit in Tennessee is possible! Since car title loans are secured by collateral, the application process is much more flexible in comparison to other loan options, such as unsecured personal loans. Typically, in order to obtain ideal loan terms and approval for a personal loan, you will need to have a strong credit history.

According to the United States Census Bureau, over 13% of residents in the state of Tennessee live in poverty, and the per capita income is less than 40,000 per year. Living off of less than 40,000 per year is possible, but it can be tough to make ends meet. One unexpected expense could knock you off your feet and devastate your finances.

If you are struggling financially and have bad credit, you may not be the ideal candidate for a personal loan. However, you can apply for a car title loan serviced by LoanMart in Tennessee even if you do not have a perfect credit score!¹

It’s important to mention, however, that finding no credit check title loans will be difficult because a credit check is necessary to verify your financial history and creditworthiness. But even if you have bad credit, you do not need to avoid a credit check! Call 855-422-7412 or click here to apply for a title loan with bad credit in Tennessee.¹

Where Can I Get Title Loans with No Inspection?

When gas prices start to rise, being frugal is important if you want to prioritize financial stability. If possible, run your errands online and avoid extra trips to the grocery store. The best way to save money on gas is to plan your errands in advance and carpool if you can!

Getting title loans with no inspection is impossible, but there is a convenient alternative that you can take advantage of. You will be able to skip the hassle and cost of driving to a storefront location in order to complete a physical car inspection. Instead, you can conveniently complete a virtual vehicle inspection if you are applying for an online title loan in Tennessee!¹ All you will need to do is submit a few photos of your vehicle so a title loan agent can determine its current value and overall condition. Make sure to take these photos in clear lighting!

Got any questions about applying for online title loans in Tennessee? Whether you’ve got questions or you’re ready to get started on your loan request, give us a call at 855-422-7412.¹

How Can I Apply for Title Loans Online with No Store Visit in Tennessee?

Now that you know more about how title loans work in Tennessee, you may be eager to begin the application process online and find out if you are eligible for emergency cash. With LoanMart, you can expect a simple and streamlined process that was designed to be an asset to borrowers who are facing a tough financial emergency.¹

Just complete these three simple steps to apply for a car title loan online:¹

1. Apply Online or Over the Phone: One of the many advantages of applying for a title loan serviced by LoanMart is that you can choose to start your loan application online or over the phone with a title loan agent! Click here or call 855-422-7412 to see if you are prequalified for a car title loan in Tennessee.¹
2. Submit the Required Documents to Verify Your Information: Upon initial approval, a LoanMart title loan agent will contact you and ask you to upload the necessary documents online in order to verify your identity and information.
3. Collect Your Money if You Qualify: If you are eligible for a title loan serviced by LoanMart, you can discuss the terms of your loan with your title loan agent. If you sign your electronic loan agreement, the last step is to choose how to receive your title loan proceeds! You’ll be able to get your funds via direct deposit to your bank account, or you can pick up your cash at a participating money transfer location in Tennessee. Additionally, if you prefer to receive a check in the mail to your home address, that is an option as well. Qualified borrowers can get their title loan funding in as little as 24 hours!¹

Ready to apply for online title loans in Tennessee? Don’t let your financial emergency take over your life. Just give us a call at 855-422-7412 or fill out the online prequalification form to get started! Take advantage of a quick and simple online application process with LoanMart today. There is no store visit required to apply for the quick funding you need to get back on your feet!¹

Pay Back Your Title Loan Serviced by LoanMart in Tennessee

Because Title loans serviced by LoanMart are so innovative, borrowers could receive advantages with the funding process. Title loans serviced by LoanMart allow eligible people to have access to emergency funding without having to travel too far.¹

Title loans serviced by LoanMart allow eligible borrowers to repay their loans in a convenient way. No matter where you are in the state, chances are that there will be a MoneyGram location near where you live or along your daily commute.

Not sure where the closest MoneyGram location is to you? Check out the map below along, which features a dropdown list of a few MoneyGram locations throughout the state of Tennessee:

Demographic and Financial Statistics for Tennessee

The below table provides some of the key income, loan and financial statistics for Tennessee, which are intended to give you a better understanding of how your financial circumstances compare to other Tennessee residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:

What Places in Tennessee Can I Get a Title Loan Serviced By LoanMart?