Title Loan Requirements

What are the Title Loan Requirements?

The initial title loan requirements can be simple and straightforward:¹

• Be 18 Years of Age or Older: You will need to be at least 18 years old to apply for a car title loan.
• Have a Title to a Qualifying Car or Truck in Your Name: A title to a qualifying vehicle or truck is required during the application process for a title loan. It must be in your name at the time of your inquiry. If you need to transfer a title to your name or obtain a duplicate title, you will need to visit your local Department of Motor Vehicles. If you are the rightful owner of the vehicle, you will need to bring a few documents with you and pay a fee to get your title in the right shape to apply for a car title loan.
• Demonstrate Your Ability to Repay the Loan: Your income is one of the most important factors during the title loan application process and you will be required to submit proof of income / alternative income. If you do not receive pay stubs from a traditional job, don’t sweat it! Here are some examples of alternative sources of income you can provide evidence of during your application:¹
  • SSI / Supplemental Security Income
  • Child Support / Alimony
  • Retirement or Pension Income
  • Settlement Income
  • Workers’ Compensation

The car title loan requirements may seem complicated, but they can be much simpler than you think! And, with title loans serviced by LoanMart, you can expect a streamlined and flexible approval process. It was designed with financial emergencies in mind, and it only takes a few minutes to submit an application online or over the phone!^{1 3}

Find out if you qualify for a title loan serviced by LoanMart today by filling out the pre-approval form or calling 855-422-7412 to speak with a title loan agent. It can take no time at all to find out if you meet the title loan requirements!^{1 3}

What are Car Title Loans?

Did you know that you can unlock emergency cash with your car title? A car title loan can allow you to borrow money against the available equity in your car. You can use your vehicle title as collateral to secure emergency money if you’re in a financial bind!¹

Finding a lender that is willing to work with you can be challenging if you don’t have a strong credit history. But, since collateral is used to secure the car title loan, your credit history isn’t the primary focus of the approval process.¹

What Documents Do You Need to Get a Car Title Loan?

Looking for emergency cash to pay unexpected bills? Title loans are a way to access quick funding by pledging your car title as collateral. In addition to meeting the initial title loan requirements, you also must submit the following documents during the approval process:¹

• A Valid, Government or State-Issued Photo ID
• Proof of Address
• A Vehicle Title in Your Name
• Proof of Income / Alternative Income
• Recent Photos of the Car

You can use a valid driver’s license, state identification card, or passport to prove your age and identity during your title loan application. You must also provide proof of address during your inquiry. Many applicants will use a piece of official mail, such as a recent bank statement or utility bill.

One of the many advantages of applying for a title loan serviced by LoanMart is that you don’t need a physical vehicle inspection to apply for title loans near you!¹ Instead, you can conveniently submit a few pictures of your car to complete an online car inspection. You are required to submit pictures of the car from multiple angles. Additionally, you must include a photo of the odometer reading and the VIN (Vehicle Identification Number).

The required documents can be uploaded online for your convenience! Additionally, you can send your documents via email or text message to a title loan agent. Choose whatever option is the most convenient! That’s one of the many perks of title loans serviced by LoanMart.