With Swift Title Loans, you can receive approval for a car title loan quickly, sometimes in as little as 30 minutes. After receiving approval, you may be eligible to receive cash on the same day. Our online title loan application is simple—you will instantly get your free title loan estimate.
The process of applying for a title loan is efficient. With online title loans, all you need are a few documents and a clean car title. You can get between $100 and $50,000 on the spot, and you can keep driving your vehicle.
Apply now to get cash within 24 hours. Swift Title Loans offers quick title loans that can get you funds as quickly as the same day.
How Do Instant Car Title Loans Work?
Fast money car title loans offer a simple way to get your hands on fast cash. You don’t need a lot of paperwork, and there aren’t many hurdles to overcome. As long as you have a lien-free title, proof of consistent income, and a government-issued ID, you’re on your way to getting your emergency funds.
An auto title loan uses your car as collateral for the loan, lending you a percentage of the car’s value, up to $50,000. In exchange for the funds, you give up your vehicle title. The lender keeps the title while you make your payments. Once you pay the balance in full, you will receive the title.
You can keep possession of the car during the loan term and drive it normally. You just can’t sell the car until you’ve satisfied the loan agreement. After paying the loan in full, the car is yours to do with what you want, including selling it.
What are the Eligibility Requirements?
Qualified borrowers for car title loans usually have the following qualifications; however, car title lenders each have their own requirements:
- Proof you own a vehicle with adequate value and have a lien-free title
- Proof of adequate income to cover the loan payments and your existing debts
- Proof of your current address and that you reside in the state you’re applying
- No current bankruptcies that haven’t been discharged (past bankruptcies are okay )
Good to know: There aren’t any credit score requirements for title loans. Lenders will look at your credit history, but they won’t use it to determine if you are eligible.
The Application Process for Auto Title Loans
At Swift Title Loans, we make it easy to apply for a title loan with these steps:
- Get Pre-Approved Online
The online pre-approval takes a matter of minutes. You provide information about yourself, the vehicle, and your income and get an answer quickly. - Gather Necessary Documents
While waiting for an answer on your online application, consider gathering the necessary documents to upload if you decide to proceed with the title loan. Documents you’ll need include:- Paystubs or other proof of income, such as award letters or bank statements
- A valid government-issued ID, such as a driver’s license, state ID, or passport
- Proof of car registration or insurance (if required)
- A copy of the car’s title with your name on it
- Pictures of the vehicle for a vehicle evaluation
- Choose the Loan Terms
Once you have loan approval, the title loan lender will send you offers for different loan amounts, terms, and interest rates. Choose the loan terms with the most affordable monthly payments to ensure you don’t miss any payments. - Finalize the Loan
After uploading your documents, stay in touch with the lender to answer any other questions or provide necessary documentation. - Receive the Funds
You’ll receive the funds you need either via direct deposit, picking up a check from a local store, or a mailed check.
What’s The Turnaround Time For Fast Title Loans?
At Swift Title Loans, we work as quickly as possible to help you easily get through the approval process. If you apply online, you can often have an answer within 30 minutes, and if it’s before the daily cutoff, you can get the cash you need on the same day. If not, you’ll receive the funds by the next business day.
Common Uses for Fast Money Car Title Loans
Before applying for an instant online title loan, you should know they are only for emergencies. Some common examples include:
- Medical bills or emergency
- Risk of eviction or foreclosure
- Major unexpected emergency car expense
The Risks of Car Title Loans
Before applying for a car title loan to get fast cash, consider the risks:
- High interest rates: Title loan interest rates are often well above 100% and increase the cost of borrowing money. Make sure you can afford the payments before committing.
- Repossession: If you don’t make your payments on time, the lender can repossess your vehicle and sell it to get the money back they lent you.
- Damaged credit: If you miss payments or the title lender sends your account to collections, it could damage your credit score.
FAQ
Can I Get a Title Loan With Bad Credit?
Yes, title loans are often known as bad credit loans because lenders don’t focus on your credit score. Instead, they depend on the vehicle’s value and your demonstrated ability to repay the loan as agreed.
Is a Title Loan a Short or Long-Term Loan?
Title loans are short-term loans. Some lenders require full repayment within a month or two, but at Swift Title Loans, we offer various loan terms to help you find the most affordable one.
How Much Can I Borrow With a Car Title Loan?
Each person can borrow a different amount with a title loan. The amount you can borrow depends on your car’s value and what you can afford to repay. Title loans can be as high as $50,000, which is much higher than most personal loan amounts.
Can I Get a Car Title Loan With No Job?
Yes, you can get a car title loan without a job as long as you have proof of other types of income. For example, if you live on retirement funds, investment income, or even worker’s compensation and can prove receipt of it, you may get approved for a title loan.
Can I Pay a Title Loan Off Early?
Yes, there are no prepayment penalties for title loans. You must make the minimum required monthly payments, but you can pay the loan off any time if you want. The faster you pay auto title loans off, the less interest you pay.
Final Thoughts
Fast money car title loans may be the answer when you need quick cash for emergencies. If you’ve exhausted all other options, you can get the cash you need in as little as 24 hours or less to satisfy your financial emergency.
To qualify, you need a vehicle without any liens and with enough value to support the funds you need. After receiving approval, you can get the funds the same day or by the next business day, giving you the extra cash you need.
