LoanMart Title LoansClaimed
in Auto Title Loans from LoanMart
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LoanMart Title Loans Review
Where is LoanMart Title Loans available?
LoanMart Title Loans is an auto title secured loan product offered by LoanMart, a direct lender based in Van Nuys, CA that was founded in 2002. LoanMart Title Loans is offered in 9 states across the USA.
What rates does LoanMart Title Loans charge?
LoanMart Title Loans offers auto title loans with a fixed APR that ranges from 30% up to 165%. Interest rates vary by state.
Does LoanMart Title Loans charge an origination fee?
Yes, LoanMart Title Loans charges a loan origination fee. Origination fees and requirements vary by state.
Does LoanMart Title Loans charge a late fee?
Yes, LoanMart Title Loans charges borrowers a late payment fee.
Does LoanMart Title Loans charge prepayment fees?
No, LoanMart Title Loans 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 LoanMart Title Loans?
Loan amounts start at $1,500 and go up to $7,500.
What is the maximum loan term you can get with LoanMart Title Loans?
LoanMart Title Loans offers auto title loans with terms ranging from 12 to 60 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 a loan with LoanMart Title Loans?
Applicants with a credit score of at least 300 can apply for a loan via LoanMart Title Loans. 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.
LoanMart Title Loans 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
- Active duty servicemembers and their covered dependents cannot apply for a loan via LoanMart Title Loans. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
Note that LoanMart Title Loans allows borrowers to use a co-signer. This means you could qualify without meeting the eligibility criteria mentioned above. However, you will need a friend or relative who does qualify and is willing to guarantee the loan.
What is the estimated funding time for an auto title loan via LoanMart Title Loans?
LoanMart Title Loans will typically provide a credit approval decision in less than an hour and fund the loan within 0 and 1 business days.
- New Mexico
- South Carolina
|No Prepayment Fee|
|Credit Score Range||
300 - 700
|Immigration Status Considered||
|Employment Statuses Considered||
|Clean Title Required|
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$1.5K - $7.5K|
|Loan Term||12 - 60 months|
|APR (Fixed APR)||30% - 165%|