Instant Online Title Loans

posted in: Title Loan Information

Instant Online Title Loans – The concept of a title loan that you can get instantly, online, sounds interesting and tempting. Fill out a form online and instantly have money in your bank account; sound great, right? But, however, in practice there is no such thing as an “instant online title loan”. Title Loans fund very fast compared to other loan types assuming the lender specializes in fast title loans. Title Loans are secured by the vehicle and have fewer underwriting requirements when compared to other loan types. Fast Title Lenders specializes in fast title loans at the lowest interest rates.

As discussed in a previous post about Online Title Loans, there are three main types of online title loans. Unfortunately, none of these are “instant”. In fact, they can take longer, in some cases significantly longer, to fund than a title loan from a lender with a brick and mortar location.

Online Title Loan in an instant

This article briefly discusses online title loans, how they work, requirements, and overall funding time-frames. For the purposes of discussion, we use the term “instant online title loan” to describe a fast online title loan.

What is an Instant Online Title Loan?

First, what is an instant online title loan? Instant Online Title Loans are simply fast online title loans advertised with the word “instant”. Title lenders aren’t exactly known for honesty when advertising, so it is not surprising that there are plenty of sites advertising these instant online title loans. So, the better question is, what is an online title loan?

What is an Online Title Loan?

Online title loans are ways to get fast cash for unexpected expenses using the equity in your vehicle as collateral. An online title loan is similar to a traditional car title loan; if you need more information on how car title loans work our previous post details the car title loan process. It can be challenging to find accurate and complete information about title loans online. Much of the information provided may be biased, outdated, or misinformed so make sure to read more than one source.

A non-biased source is from the FTC, that is a good start. Additionally, Fast Title Lenders, in keeping with our commitment to honesty and transparency, has published numerous articles related to car title loans. We do our best to provide up to date information; including the information title lenders prefer you don’t know like how interest is calculated and how to save on your next title loan.

Back to online title loans – they are very similar to traditional title loans only part, or all, of the process is completed online. However, depending on the lender, the portion of the loan completed online can range from just the Application to the full funding and servicing of the loan. As with any other loan, there are benefits and risks associated with online title loans. If you are considering one, make sure the benefits outweigh the risks.

Types of Online Title Loans:

There are several types of online title loans and are generally broken up unto the following definitions:

Instant Online Title Loans

As discussed, it does take some time to fund online title loans, including those that are advertised as instant. These types of online title loans generally fall into these categories:

Completely Online Title Loans no Inspection

A no inspection title loan is as it sounds. There is no physical vehicle inspection. The vehicle condition is determined by pictures of the vehicle and a vehicle history report. There is a trade off with these types of loans however. Because the lender is taking on more risk by not seeing the vehicle, the interest rate may be higher. Additionally, the application requirements may be a bit more stringent. This includes the potential for required additional personal information such as references.

Online Title Loans no Store Visit

These types of online title loans depend on the state and the lender. In some states the lender is required to verify some information in person. For online title loans with no store visit the lender may come to your home or place of business to appraise the vehicle and/or complete the loan documents. The process is completed online with no visit to the lenders location. In some cases the lender may require an inspection from a third party. As such, they have the same trade offs.

Online Title Loans from a Direct Lender

The other main type of online title loan is one from a traditional direct lender. The application process and parts of the loan process are completed online. The loan documents and vehicle appraisal are completed at the lender’s location.

How do Instant Online Title Loans work?

Instant Online Title Loans work similar to regular title loans, only the process begins online. As mentioned, there is no real difference between an “instant” online title loan and any other title loan where part, or all, of the process is completed online. Make sure to find out how long it will take to have your loan funded if you do apply for an “instant” online title loan. We offer online title loans that are usually funded the same day or next day.

Can I Apply for a Title Loan Online?

The Online title loan process starts by filling out the easy Online Application form. There is usually no credit score check so bad credit, no credit, does not typically factor into the loan approval decision.

Online Title Loans – Instant Approval

What many lenders may be referring to is instant approval for an online title loans. Title Loans are very easy to get approved for since there is no minimum credit requirement and the loan is secure by the vehicle. An Online Title Loan with Instant Approval is certainly more practical than instant funding. Our application process is fast and easy and only takes a few minutes. Once the application is submitted it is evaluated and approved within minutes.

Credit Requirements (Credit Checks?)

Many lenders do not check credit although some do. It is important to understand the difference between a soft credit check and a hard inquiry. Most title loans do not require a hard inquiry on your credit report. This provides several benefits including privacy. Additionally, with no hard inquiry on your credit report, your credit score will not be affected when applying for a loan online. Usually you car is your credit, so good credit or bad credit does not affect your car title loan amount or interest rate. In fact, you can use a title loan to increase your credit score with our innovative method if you need to quickly increase your score.

Are there No Inspection Instant Online Title Loans?

Instant Online Title Loans no inspection
Online Title Loans with No Inspection do not require a Store Visit.

Online Title Loans with no inspection are now available from many title lenders. Because there is no inspection, you will be required to provide pictures of your vehicle. These need to be current to provide an accurate assessment of the vehicle’s condition and verification that you are in possession of the vehicle.

How long do Instant Online Title Loans take?

Unfortunately, no, there is no such thing as an “instant online title loan”; regardless of inspection. When you think about it, how could a lender realistically fund a title loan instantly? You will need to provide evidence of your vehicle’s condition and mileage; and also provide the lender with your title before they will fund the loan.

Instant Online Title Loan time frames depend on the lender, however none are actually “instant”. You should consider that you will need to apply for the loan, get approved, and also complete the loan process. The process will include providing pictures of your vehicle, copies of your documents, and usually mailing the original copy of your title.

Many lenders also require an appraisal by a third party. This all takes time, and is far from instant. Depending on the lender it can be anywhere from a day to a week. The benefit of a vehicle inspection is a more accurate, and often higher, vehicle valuation.

Instant Online Title Loan Requirements:

The requirements for getting an auto title loan online are the same as an in person title loan, with the addition of vehicle pictures. Generally, you will need:

  1. A vehicle with equity
  2. Lien free title,
  3. Drivers license,
  4. Proof of insurance, and
  5. Proof of income.

For online only title loans and no inspection title loans there are some additional requirements including vehicle pictures. These requirements are explained in detail, along with the reasons for each, on our Title Loans Requirements page. Some lenders have excessive requirements like a GPS device, roadside assistance programs, and other unnecessary requirements that make the title loan process more complicated. By complicating the process, they slow down the process and add costs.

*Online Title Loan Tip: Get funded faster.

Want to make sure you get your title loan funded fast? They key to making sure your loan is funded quickly is having all of the required information and documents ready when you apply. If you can’t find your title and have to get a replacement, that will add time. If you can’t find your insurance card and have to get a new one, that will take some time. Title loans also require proof of income, so make sure you have your two most recent pay statements with the rest of your information. If you can’t find them and have to print replacements, that will take time. We suggest gathering all the required information and documents and putting them in a single folder. This will ensure there are no unnecessary interruptions to the process and will help make sure your loan gets funded the fastest online.

How much do Instant Online Title Loans Cost?

Instant online title loans typically cost the same as any other title loan; and usually have very high interest rates. Fast Title Lenders provides an alternative to the lenders charging very high rates and offer title loans at lower rates. This has helped make us the best title loan company. We also developed a Title Loan Calculator to help our customers determine the actual costs of title loans, considering many lenders do not provide cost information readily. Feel free to use our calculator to evaluate whether or not an online title loan is in your best interest.

Repayment Terms

Title Loans are usually either single payment loans or monthly term loans. Most online title loans are monthly term loans. This means they are installment loans with monthly payments of both principal and interest. There are usually no prepayment penalties. Understanding how title loan interest is calculated will help ensure your next title loan is affordable.


The way we use services is evolving; this includes the banking and credit industries. Title loans are a form of credit, although they typically are not talked about in the mainstream. As more services evolve to offer online options, we expect the title loan industry to follow. The industry has been a bit slow in adopting new technologies, this is partially because of the lack of standard regulations across states. While you can get a fast online title loan today, they are far from instant.

As more services become electronic, we expect title loans to become easier. Perhaps the fact that title loans are not permissible in all states is a reason for the slow adoption of technology solutions. Add that to different rules and regulations in the states that do permit title loans, and you can see the difficulty in attempting to standardize the title loan process.