Affordable Title Loans

If you’re considering a car title loan but you are currently struggling to pay bills, you might have some concerns. When you are facing financial stress, the last thing you need is another monthly payment that you can’t afford!

Title loans serviced by LoanMart strive to help borrowers find affordable title loans. Each repayment schedule for a title loan is tailored to borrower’s ability to make payments! Even your loan amount is based on your income and payment ability. When you are approved for a title loan serviced by LoanMart, you can expect affordability.¹

How Can Car Title Loans Be Affordable?

Title loans can be affordable by offering terms that result in a repayment schedule that works well given the borrower’s budget and ability to take on a loan payment. The key factors that influence the title loan payment affordability are:

• The title loan amount
• The interest rate
• The loan term, i.e. the length of the loan

Generally speaking, the lower the title loan amount and interest rate, and the longer the loan term, the lower and more affordable the loan payments will be!

How Can I Find Affordable Title Loans?

As mentioned above, the primary factors that make a title loan affordable are the loan amount, interest rate and loan term. You can therefore focus on one are all of these aspects to find cheap title loans in your area!

• First, depending on the amount of cash you need, you may find that lenders with a high minimum loan amount are not the best fit for you. For example, if you only need to borrow $500 but a lender you are considering has a minimum loan amount of $1,000, you may be able to find a cheaper title loan alternative by simply finding a lender that’s willing to let you borrow only the $500 you need.
• Second, you can comparison shop multiple title loan lenders to find the best interest rate possible for you. Picking the title lender with the lowest interest title loan approval can help you make sure that your title loan will be affordable and comparatively cheap.
• Lastly, you can try to find a lender that offers extended repayment terms which will help with making the title loan payments affordable. The longer the loan term, the lower and more affordable the payment can be. When looking for a loan with a long term, be sure to check and confirm that the lender does not charge any early payment penalties, so that you have the freedom to pay off your loan early without extra fees!

Can I Apply for Cheap Title Loans if I Have Bad Credit?

If you’ve been turned down by traditional lenders before due to credit issues, applying for an affordable car title loan can be an alternative worthwhile considering. Since title loans usually have more flexible approval criteria, you don’t need perfect credit to apply for a cheap title loan.¹

How Much Can I Borrow?

The amount you can borrow through an affordable auto title loan will depend on a few factors:

1. The State You Live in: Your state could have laws regulating how little or how much you may be able to obtain through a title loan. Some states will only allow you to take out up to $10,000. Others have no cap on title loan amounts! Affordable title loans can be easy to find when your state does not allow lenders to offer high loan amounts or interest rates.
2. Your Income and Debt: During the title loan process, a loan agent will look at your monthly income. This is to see if you have the ability to afford a loan payment, and how large of a payment you can afford without overstretching your budget. A reputable lender will not allow you to take out a loan amount that is too big for your budget!
3. Your Car’s Value: Your loan amount is also based on the equity in your car. Typically, you can borrow up to 50% of your vehicle’s value if your income supports it!¹ To learn more about your vehicle’s worth and your potential loan amount, check out the title loan calculator here. With title loans serviced by LoanMart, you’ll be able to check your car’s value and get a free quote for a title loan!

Why Should I Consider Affordable Title Loans Serviced by LoanMart?

When you are searching for affordable title loans, the most important part of your search is finding a reputable lender and loan servicer.  Your lender can make or break your loan experience. Choosing a company that cares is important to receiving the best loan experience possible.

Here are the advantages of working with title loans serviced by LoanMart for affordable title loans:

1. Personal Customer Service is Available: Our loan agents are not just available on weekdays, but also on Saturdays. LoanMart knows that an emergency can happen, and it won’t wait until Monday! That’s why our loan representatives are available for extended hours for your convenience.
2. No Hidden Fees, Balloon Payments, or Prepayment Penalties: Other title loan lenders will base their business on “gotchas” and hidden title loan fees. With Title Loans serviced by LoanMart, we want to set you up for financial success! There are no hidden fees, balloon payments, or penalties for paying your loan early.⁵
3. Get Your Cash Fast: Don’t wait to get your funds! After loan approval, some borrowers can get their funds in as little as 24 hours.^{1 3}
4. Keep Your Keys: As long as you make on-time payments to your loan, you can keep driving your car like it is business as usual!

How Can I Get Started on Applying for an Affordable Car Title Loan Serviced by LoanMart?

Getting affordable title loans has never been easier! With title loans serviced by LoanMart, you can apply online or call a representative at 855-422-7412. A loan agent can help walk you through the process and answer any questions you might have along the way!

With title loan services provided in more than 20 states across the US, we hope you consider applying for an affordable car title loan serviced by LoanMart and experience for yourself why we may just have one of the best online title loan offers available!