The Secret To Getting A Secured Personal Loan With Car Title
Need cash quickly? A secured personal loan using your car title can provide emergency funds without risking your vehicle. It allows you to borrow money based on your vehicle's value, as long as it's fully paid off.
This guide from Southwest Title Loans explains how to get title loans for financial emergencies. Learn about the terms of this quick cash loan, including requirements, loan amount, the approval process, and benefits.
What Is A Secured Personal Loan With A Car Title?
A secured personal loan is one in which you provide collateral to secure a loan. The loan lender is secured with your collateral and will let you borrow some money based on the value of your collateral.
If you’re seeking a secured personal loan with a car title, a title loan can be helpful. This quick cash loan allows you to use your lien-free car title as collateral to borrow based on your vehicle's value. You must have fully paid off your vehicle and own it outright to qualify. Additionally, only a car, truck, or van is accepted; trailers, motorcycles, boats, and other similar vehicles are not eligible.
What Are The Requirements For A Title Loan In Arizona?
Getting approved for an Arizona title loan can happen quickly because the eligibility requirements are simple. At Southwest Title Loans, we only need a few items to verify your identity, age, vehicle title, and vehicle value. You should be able to find these items at home, so there's no need to worry about a lengthy process for quick car title loans.
Here are the required items for title loans:
- A driver’s license or state-issued photo ID to verify your identity and age
- A lien-free vehicle title in your name
- Your vehicle for a quick inspection
The Benefits Of Car Title Loans
Simple requirements are just the beginning of the benefits of title loans. They are one of the best fast financing options because you can get approved quickly and won’t have to worry about your credit score. If bank loans are too strict and take too long, consider an Arizona title loan to get the quick cash you need today.
The following are some of the benefits of title loans:
- Fast approval process –You can get approved the same day you apply. Fill out our online form and get approved at one of our Arizona stores the same day.
- Quick access to urgent funds –Receive your cash the same day or by the next business day. Quickly resolve your financial emergency to avoid late fees and service disruptions.
- All credit types accepted –Secured loans don’t require good credit because the loan lender is secured with collateral. Borrow title loans for bad credit!
- Keep your car –You can continue driving your car while repaying your title loan. Don’t worry about losing your car to borrow money!
Title Loan Borrowing Tips: Borrow Money Responsibly
Before learning how to get approved for title loans, it’s important to know how to manage the loan. Title loans are serious because they come with interest rates. Borrow responsibly to avoid falling into debt.
Here are some responsible borrowing tips for vehicle title loans:
- Only use for financial emergencies (medical bills, auto repairs, urgent travel costs, etc.)
- Don’t borrow title loans for luxury purchases
- Only borrow as much as you need
- Create a repayment plan before borrowing
- Prioritize repaying your title loan
- Create a repayment budget
Getting Approved For Arizona Title Loans: Step-By-Step Guide
Now that you understand title loan terms and how to borrow responsibly, you can start the process for quick car title loans. Fortunately, the process is quick and straightforward, involving only a few steps. You can begin online in just a few minutes and complete the process in person in under 30 minutes.
Learn the steps to getting title loan approval below:
- Fill out our online form with your essential information (name, zip code, contact information, and vehicle details)
- Discuss title loan terms on the phone with a loan specialist
- Visit an Arizona store location with your required items for verification
- Get your vehicle inspected for its value
- Sign a loan agreement to finalize the process
- Receive your title loan funds the same day or by the next business day
Car Title Loan FAQs
How much can you borrow with a title loan?
We allow borrowers to receive up to $15,000. This is the maximum amount; not everyone will be approved for that much. The amount you can borrow depends on your car's worth. We'll check its age, make, model, condition, and mileage to see how much you can get.
Can you use someone else’s car title for a secured personal loan?
The vehicle title you use must match the name on your ID. If your vehicle title is in someone else’s name , you must get a title transfer before applying. You can do this by filling out some forms and paying a small fee at a local Arizona DMV office.
How does title loan repayment work?
At Southwest Title Loans, we offer a flexible repayment process. If you prefer to make smaller payments over several weeks, you can do that. You also have the option to pay off the entire amount at once. Our simple online repayment portal allows you to manage this in a way that works best for you. Just remember, most borrowers repay the car title loan within 30 days.
Get A Title Loan In Arizona – Borrow Up To $15,000 Today!
Ready for fast financial relief? Southwest Title Loans is here to assist with our same-day title loans. Don’t let unexpected expenses stop you—get the cash you need today with a quick and easy secured personal loan using your car title. Apply online now before visiting us in person to finish the process in less than 30 minutes.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
