Mostly not recommended
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Where does Finova Financial do business?
Finova Financial is a direct lender based in West Palm Beach, FL. It was founded in 2015 and offers access to auto title loans in 6 states across the USA.
What rates does Finova Financial charge?
Finova Financial offers auto title loans with a variable APR that ranges from 17% up to 30%.
Does Finova Financial charge an origination fee?
Yes, Finova Financial charges a loan origination fee.
Does Finova Financial charge a late fee?
Yes, Finova Financial charges borrowers a late payment fee.
Does Finova Financial charge prepayment fees?
No, Finova Financial does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow from Finova Financial?
Loan amounts start at $500 and go up to $5,000.
What is the maximum loan term you can get with Finova Financial?
Finova Financial offers auto title loans with a maximum term of 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with Finova Financial?
Applicants with a credit score of at least 300 can apply for a loan via Finova Financial. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a loan, you must have a clean title of your vehicle. In other words, you must be the undisputed owner of the vehicle. You can't have any liens or levies from creditors or other parties on your vehicle's title. Don't worry, there are other lenders who will consider borrowers who don't have a clean title.
Only U.S. citizens and permanent residents can apply for a loan.
Finova Financial will also consider borrowers who are unemployed.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Active duty servicemembers and their covered dependents are eligible to apply for a loan via Finova Financial. Their rates fall within the limits of The Military Lending Act.
What is the estimated funding time for an auto title loan via Finova Financial?
Finova Financial will typically provide a credit approval decision in less than an hour and fund the loan within 7 and 14 days.
FINOVA FINANCIAL Disclosure: "To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and terms are subject to change at any time without notice and are subject to state restrictions."
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- New Mexico
- South Carolina
- 1099 Misc. Income
- Direct Deposit (W2, SSA, SSDI)
- Payroll Check or Prepaid Card
- Active Duty Military
- Only Individual Applications
- Clear title
- Minimum equity
- Vehicle paid off
- U.S. Citizen
- U.S. Permanent Resident
- Employed Full-Time
- Employed Part-Time
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)