Features

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.

  • Loan Amount
    $1500 - $7500
  • Payment Options
    • Automatic Payments
    • Check by mail
  • APR
    30% - 165%
  • Max Loan Term (Months)
    48
  • Clean Title Required
  • Credit Score Range
    300 - 700
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Maximum Mileage
    300,000
  • Military Status
    Non-Military
  • Minimum Age
    18
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Vehicle Requirements
    • Clear title
    • Minimum equity
    • Vehicle paid off
  • Verification Documents Required?
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • Joint Loans Available
  • Funding Time
    Same day
  • Credit Bureau Reporting
  • No Prepayment Fee
  • Institution Type
    Direct Lender
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0 votes

Glad I found a lender I can work with since I've immigrated to the US a few years ago. Not the cheapest loans, but reports to the credit bureau, so you can build your credit!


0 votes

So my car is pretty old - a 2003. Most lenders wouldn't even approve it, but loanmart could lend me $2500 against it. yay


0 votes

I would not get a loan from these people there are scam artists with ridiculous and interest rates they charge me 87% which is not legal in the state of California. The person that is responsible for this business should be shamed upond


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