Taking out a loan shouldn’t be complicated, especially with access to the internet. Title Loans Online has refined the loan process down to the smallest details to make it easy to borrow money on a short-term basis. Our loan process begins with a simple, secure method for applying online, which is easy and takes no more than a few minutes to complete. You don’t need to be concerned with taking time away from work to spend the afternoon answering questions and completing a long application form. Borrowers can apply for a loan at any time, and they choose how they’ll spend their loan funds. You can get quick cash for home repairs, taxes, medical bills, cash to get you to the next paycheck or anything else. The decision is yours. Qualifying for title loans in Newark is easy if you own a vehicle with a clear title, have income and are at least 18 or older. Borrowers get great title loan interest rates by securing loans with the title to their vehicles. You are free to use your vehicle any time during the loan period, and we’ll make sure you get your loan funds within a day of applying or less.
Typically, secured loans like title loans in Newark are secured with an asset. In this case, loans are secured with a vehicle such as a truck, car, SUV or even a motorcycle. When you secure a loan with a vehicle you are pledging the vehicle against the loan. If a buyer fails to pay for the principle, fees and interest on a loan, the vehicle can be sold to cover the shortage on the loan. However, most people make every effort to stay on top of their payments rather than risking the loss of their vehicles.
To secure a loan, a temporary lien is placed on the car title. Liens stay on the title for the duration of the loan. When the borrower makes the final payment, we process the payment through our system and the title is returned to the borrower.
When shopping for short-term loans, borrowers can choose between secured or unsecured loans. Unsecured loans don’t require an asset, but you may have to pass a credit check. However, secured loans like a Delaware title loan may offer more benefits to borrowers like lower interest rates, higher loan amounts and no credit check.
Title Loans Online must abide by state and federal laws governing auto title loan regulations. To comply with these regulations, we are required to draw up contracts, which specify the legal terms of the loan. Contracts also contain any verbal agreements that may have taken place during the phone consultation. Basic contracts will contain:
It is important to keep in mind that vehicle title loans may be easy to get, but they are still binding, and you are responsible for repaying the loan. Be sure to read the contract from top to bottom, and you should ask questions if you are unsure of loan terms or your financial responsibilities.
Required Documents for Loan Approval
To be approved for a car title loan, you’ll need:
Where to Apply
Use our online application to get your application in today. You’ll need to submit the following information:
Free Loan Estimates
Immediately after applying for a vehicle title loan, you’ll receive a loan estimate that will give you a close idea of how much money you could receive.
Title loans in Newark always come with convenient services, competitive interest rates and quick funds.