SuperMoney

LoanMart

in Auto Title Loans

Claimed Visit Site

LoanMart

Claimed

in Auto Title Loans

SuperMoney Net Recommendation Score +60% 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.

Strongly recommended

4 users recommend
0 users are unsure
1 users don't recommend
Cast your vote
Cast your vote

Would you recommend LoanMart to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Overview

LoanMart is a consumer finance company that specializes in auto title loans. The company, which was launched in 2002, provides non-traditional loans that use the equity on cars as collateral. The company's headquarters is in Encino, California, and it has one other location in Van Nuys. Although LoanMart only has physical locations in California, it also provides services to residents in Alabama, Arizona, Illinois, Missouri, New Mexico, South Carolina, Utah, and Wisconsin.

How Does LoanMart Work?

The application process can be done online or over the phone. To apply online, borrowers must fill in the application form. Applying is absolutely free and takes only a few minutes. If you have any questions, their loan specialists are standing by to assist you. Approved customers can fax, email, or text the required documents. and may visit one of LoanMart vendor locations so their car can be inspected and the loan contracts signed. LoanMart works with people of all types of credit.

What Are LoanMart's Rates?

Rates vary depending on the borrower's state of residency, creditworthiness and the specific terms of the loan agreement. The APR of LoanMart loans range from 30% to 165% APR.

How Much Money Can I Borrow from LoanMart?

The maximum amount clients can borrow from Loan Mart is determined by the value of their car. However, some states set a maximum amount for title loans. The minimum amount also varies by state.

Which States Does LoanMart Operate In?

LoanMart has three physical locations in California and also operates in Alabama, Arizona, Illinois, Missouri, New Mexico, South Carolina, Utah, and Wisconsin. Applicants who are not residents in California can apply online or call LoanMart for more information on how to process their loan.

What Is LoanMart's Application Process Like?

LoanMart's application form can take less than 5 minutes to complete. Applicants know whether they are approved in a matter of minutes and they can have their money within a few hours of completing the paperwork. Borrowers don't need to have a job to qualify but they must provide proof of a source of income.

How Is LoanMart Better Than Other Lenders?

LoanMart has over 13 years experience in the auto title loans business. It offers loans to people of all types of credit and has a streamlined application process that can go from application form to cash in a matter of hours.

The loan amount is determined by the value of the car and it offers terms of up to 48 months, which can provide borrowers a flexible and affordable repayment schedule.

LoanMart has an in-house titles team, so that you don't have to wait in long lines at the DMV office before you get your cash.

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...

Contact

  • Headquarters
  • P.O. Box 8075
    Van Nuys, CA 91409 USA
  • Visit Site

Availability

Available in 9 States
  • Alabama
  • Arizona
  • California
  • Georgia
  • Illinois
  • Missouri
  • New Mexico
  • South Carolina
  • Utah

Feature Breakdown

No Prepayment Fee
Minimum Age
18
Military Status
  • Non-Military
Clean Title Required
Maximum Mileage
300,000
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Co-signer
Vehicle Requirements
  • Clear title
  • Minimum equity
  • Vehicle paid off
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Credit Score Range
300 - 700
850 300 700
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Term (Months)
Up to
48
Loan Amount
$1.5K - $7.5K
$100 $50K
APR
30% - 165%
7% 100%+

Reviews

Would you recommend LoanMart to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Auto Title Loans