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  Finova Financial Auto Equity Loan
Finova Financial Auto Equity Loan
in Car Title Loans from Finova Financial
Claimed

Finova Financial Auto Equity Loan

Claimed
in Car Title Loans from Finova Financial
SuperMoney Net Recommendation Score -11  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -11, equating to 2.8 on a 5 point rating scale.

-11

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly not recommended

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Highlights
Community Rating Mostly not recommended
Credit Score Range 300 - 700
Loan Amount $500 - $5,000
APR  (Fixed APR) 17% - 30%
Number of Reviews 9

Finova Financial Auto Equity Loan Review

Finova Financial Auto Equity Loan is offered by Finova Financial, a direct lender founded in 2015 and based in West Palm Beach, FL. Finova Financial Auto Equity Loan are available in 7 states across the USA.

Finova Financial Auto Equity Loan FAQ

What rates does Finova Financial Auto Equity Loan charge?

Finova Financial Auto Equity Loan offers auto title loans with a fixed APR that ranges from 17% up to 30%.

Does Finova Financial Auto Equity Loan charge an origination fee?

Yes, Finova Financial Auto Equity Loan charges a loan origination fee.

Does Finova Financial Auto Equity Loan charge a late fee?

Yes, Finova Financial Auto Equity Loan charges borrowers a late payment fee.

Does Finova Financial Auto Equity Loan charge prepayment fees?

No, Finova Financial Auto Equity Loan 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 Auto Equity Loan?

Loan amounts start at $500 and go up to $5,000.

What is the maximum loan term you can get with Finova Financial Auto Equity Loan?

Finova Financial Auto Equity Loan offers auto title loans with terms ranging from 12 to 24 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 auto title loan, the more interest you will pay.

What do you need to qualify for Finova Financial Auto Equity Loan?

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.

The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Finova Financial Auto Equity Loan does not have or does not disclose a minimum annual income eligibility requirement. Finova Financial Auto Equity Loan will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members are eligible to apply for a loan via Finova Financial Auto Equity Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Finova Financial Auto Equity Loan.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for an auto title loan via Finova Financial Auto Equity Loan?

Finova Financial Auto Equity Loan will typically provide a credit approval decision in less than an hour and fund the loan within 7 and 14 business days.

Is Finova Financial a legit company?

Finova Financial Auto Equity Loan was founded in 2015. It is an established company that has been in business for 8 years. Finova Financial Auto Equity Loan are mostly not recommended by SuperMoney community users.

Finova Financial Auto Equity Loan 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Finova Financial Auto Equity Loan

Need cash for unexpected events? Unlock the cash in your car. Quick Decisions. Same Day Cash Funding.Good Credit Is Not Required. Online and Mobile – No need to ever visit a store. Pay at more than 30K Moneygram Locations.

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About Finova Financial Auto Equity Loan

Availability

  Available in 7 states
  • Arizona
  • California
  • Florida
  • New Mexico
  • Oregon
  • South Carolina
  • Tennessee

Feature Breakdown

No Prepayment Fee
Clean Title Required
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Maximum Vehicle Age 22
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Vehicle Requirements
  • Vehicle Paid Off
  • Minimum Equity
  • Clear Title
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
Credit Score Range 300 - 700
APR Type Fixed APR
Loan Term 12 - 24 months
Loan Amount $500 - $5,000
APR (Fixed APR) 17% - 30%

Finova Financial Auto Equity Loan Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -11, equating to 2.8 on a 5 point rating scale.

-11

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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