What is a Title Loan and How Does it Work for Residents of Newark, Delaware?
A title loan serviced by LoanMart is a type of unique title loan. It was designed to make the funding process simple, fast, and affordable.
Title loans serviced by LoanMart come with a simple qualifying process, the first step requires filling out a very short form online to apply. After that, youâll speak to a loan agent and submit some documents. Â A car title in your name is used as the collateral for the loan, and so, credit history is not a huge part of the process1.
Eligibility and loan amount will be determined by your payment capabilities and the equity in your car1.
And to make things even better, you may continue driving the car while youâre making your scheduled monthly payments!
Benefits of Title Loans in Newark, Delaware
If you get a title loan serviced by LoanMart in Newark, Delaware, you may be able to take advantage of the following benefits1:
Get Money in Your Pocket Quickly in Newark, Delaware
Title loans serviced by LoanMart are designed to make the loan process fast. Once approved, you may get the funds on that very same day that you apply1!
A Long Time to Pay in Newark, Delaware
Newark residents may have years to pay off their title loan serviced by LoanMart. In most cases, the majority of loans will typically allow borrowers up to 1 year for repayment. Title loans serviced by LoanMart have one of the most flexible payment periods in the market!
Competitive Interest Rates in Newark, Delaware
Most title loans usually have high-interest rates. With title loans serviced by LoanMart, the interest rates are highly competitive when compared to similar loans.
An Easy Approval Process in Newark, Delaware
You may start out the approval process by completing a 5-minutes form either online or by making a call1.
Then, a loan agent will call you to help you going forward with the paperwork. Youâll submit a few documents such as a government photo ID, your carâs title, plus proof of residence and income. To ease the process you may send these documents by fax, email, or you may take a picture of them with your mobile device and send them in.
Once approved, youâll review the title loan agreement, and to finish, youâll sign it and get your money1! To make things easier for you, the funds may be sent electronically, by check, or through cash.
Pay Back Your Title Loan Funds through MoneyGram near Newark, Delaware
Once approved for a title loan serviced by LoanMart, you may pay back your funds at any MoneyGram transfer location in Newark, Delaware1! Below you may see a list of MoneyGram locations:
