Car Title Loans Online
Online Title Loans are now an option to get a car Title Loan online directly from the comfort of your home. In fact, you can complete most or all of the process using your smartphone. Fast Title Lenders specializes in providing online car title loans with an easy online application and fast online approval.
What is a Car Title Loan Online?
A car title loan online is a fast and easy way to use the equity in your vehicle to get cash for unexpected expenses. We provide online title loan customers with the Lowest Interest Rates, no loan origination fee, and no pre-payment penalty. Getting a car title loan online is fast and easy.
Our competitive interest rates, and total cost of the loan, are significantly less than most other online title loan companies. Additionally, we are car title loan experts. If you are considering a title loan, you may be looking into instant online title loans; take the word “instant” with a grain of salt. Some online title loan lenders can take longer to fund than others. If a fast online title loan is important to you make sure to confirm funding times with your lender.
Are you shopping for a Car Title Loan Online? Do you need an online car title loan but do not want to pay back more than double what you borrowed (or even more)? Tired of paying triple digit interest rates? Then you are in the right place. We offer the most competitive interest rates and same day cash in many cases with our car title loans online.
Fast Title Lenders has earned our reputation as the nation’s best title loan company by following the principles we were founded on; honesty and transparency. The reason we can offer the best title loans is because we charge a fraction of the rate of most other lenders with the best customer service. This equals lower payments for the same loan; meaning the best online title loans.
Online Car Title Loans are a fast and easy way to get cash using the equity in your vehicle. Like all title loans, choosing your lender is a critical step in the online title loan process. Fast Title Lenders offers the lowest interest rate online title loans with an optimized process to help ensure loans are funded fast.
How do Online Title Loans Work?
Online car title loans work similar to vehicle title loans, with a few extra requirements. Many of the same practices are applied to online title loans as to direct title loans.
To get a title loan online, follow our simple online title loan process. First, make sure you meet the online title loan requirements.
Online Title Loan Process
We recommend as the first step for any title loan, including a completely online auto title loan, to use the title loan calculator to find a loan amount, and term, with a monthly payment that fits your budget.
Make sure you are able to afford the monthly payment. This is critical as missing payments on a completely online title loan can result in the loss of your vehicle. Vehicle repossession is a last resort but is a possibility with any title loan.
Next, fill out our easy online application to start the process. Additionally, be prepared to take pictures of the exterior and interior of the vehicle including the odometer and VIN number.
Requirements for Completely Online Title Loans:
The requirements for online only, or completely online title loans, are similar to the requirements for a title loan from a brick and mortar location. The key difference is the requirement for vehicle pictures to allow for an evaluation of the vehicle’s condition and confirmation of the vehicle’s mileage and VIN number.
To qualify for a completely online title loan, from a direct lender, make sure you have the following:
- Lien free title
- Valid Drivers License
- Proof of Insurance
- Proof of Income
- Vehicle pictures (or the ability to take them when needed)
There are multiple types of “online title loans” and each will have slightly different requirements. In general, the online title loan requirements listed above will suffice depending on the lender. Some additional requirements may include:
- Proof of Address
Car Title Loan Online Options:
Each type of car title loan online is very similar and can be summarized based on what part of the process is completed online:
- Completely Online Title Loans (100% Online Title Loans)
- Online Title Loans – Hybrid
- Completely Online Title Loans with No Inspection and No Store Visit
- Online Title Loans with Inspection
1. Completely Online Title Loans (100% Online Title Loans)
Completely online title loans (or 100% online title loans with no store visit) are becoming more widely available to car title loan customers. In fact, if you live in a state that allows car title loans, chances are you will have access to title loans online. This means you may be able to get a car title loan with no visit to the lender during any part of the online car title loan process.
There are two types of completely online title loans; with and without inspection. For 100% online title loans that require a third party inspector you will need to visit this inspector before your loan is funded. If you are unable to do this or prefer not to, you can get a completely online title loan with no inspection and no store visit. These types of online car title loans use the information provided by you to determine the value of your vehicle.
2. Online Title Loans - Hybrid
This type of online title loan is where part of the process is completed online and the finalizing of the loan is completed in person. These loans are usually from lenders with brick and mortar locations. Generally, the application and some of the paperwork is completed online; and the vehicle appraisal and loan funding is completed in person.
This type of online title loan has a number of benefits and drawbacks. The main benefits are speed of getting the loan and the ability to have a place to go if there is a problem. The loan is funded fast; usually as soon as you visit the lender. The main drawback is the need to visit the lender. Many searching for car title loans online are looking for a completely online solution.
3. Online Title Loans with No Inspection and no store visit
Online title loans with no inspection and no store visit mean you are not required to visit the lender or a third party inspector. The lender bases your vehicle value on the pictures of the vehicle and a vehicle history report. There are both advantages and disadvantages to this type of car title loan online. Because the lender is unable to inspect the vehicle, the value placed on the vehicle may be lower than if the appraisal was done in person. Completely online title loans with no inspections can be for situations similar to the following:
- You are unable to drive the vehicle to the lender or third party appraiser as a result of the vehicle being in storage.
- The location of the vehicle is not near any lender or third party inspector, so driving to one would be an inconvenience.
- The vehicle value is significantly more than twice the value of your requested loan amount, so a slightly lower appraisal does not affect your loan.
Completely online title loans allow you to complete the entire online title loan process online. You will need to provide accurate and recent pictures of your vehicle to verify its condition and VIN.
4. Online Title Loans with Inspection
The next online title loan type is an online title loan with inspection by a third party. These loans are similar to completely online title loans with the additional requirement of visiting a third party appraiser (or inspector) prior to loan funding. The rest of the loan process is completed online. You provide the lender with your information including vehicle pictures and other requirements. A contingent offer is made and you visit the appraiser for a vehicle inspection to confirm your vehicle information.
Like other online car title loans this has both benefits and drawbacks. The main benefit is the value if the vehicle is assessed in person which can result in a higher valuation. The main drawback is you need to visit the appraiser; versus the completely online process that can be completed entirely from home.
Online Title Loans with inspection include a vehicle inspection to allow the lender to accurately appraise the vehicle. The inspection can take place at the lenders location or a third party appraiser the lender works with. If the lender has a location in your area, this may be the fastest way to complete your title loan online. Additionally, because the lender can see your vehicle, the vehicle value may be more accurate than just going off of pictures.
Car Title Loans Online - Process for Online Title Loans
When we refer to the process, we are talking about the high level process of 1. Apply, 2. Get Approved, 3. Loan Funding, 4. Make your Payments. This process applies to each type of car title loan online and includes:
All online title loans allow you to at least begin the application process online. Usually you can apply online with a quick and easy approval process with no credit check.
2. Online Title Loan Approval:
To receive approval and a loan offer, the lender must place a value on the vehicle. This part of the process varies depending on what type of loan you are applying for. This part of the process can either be completed in person or online. To complete it in person, you visit the lender or third party appraiser. To complete it online you will need to send in pictures of your vehicle and title.
3. Online Title Loan Funding:
Similar to the loan offer, loan funding can be completed in person or online. If you completed the loan offer online then funding will likely be completed online. The lender will direct deposit funds into your bank account or mail you a check.
Finally, once your loan is funded you make your payments just like any other title loan. We have easy payment options that allow you to pay online or over the phone. Our goal is to make it easy and convenient for customers to make payments, not difficult. If your lender requires you to visit them for every payment, you need to make sure that is feasible.
Online Car Title Loan Application:
We specialize in Car Title Loans Online and have optimized and streamlined the process to make the experience as fast and easy as possible. To start the process simply fill out the online title loan application and get approved within minutes.
Online Title Loans Direct Lenders:
Online title loans from a direct lender has a number of benefits. There are a number of payday loan and title loan websites that are not direct lenders. Choosing a direct lender for your online title loan has several benefits.
Direct Lender Benefits:
There are several benefits to getting an online auto title loan with a direct lender, with the most obvious being you can complete the process without the need to leave your home. Regardless of whether you choose a direct lender or a title loan service, make sure to find out the costs of the title loan before signing a loan agreement. You will need to be prepared and equipped to take accurate pictures of your vehicle. Also, you may need to wait for your funds to be direct deposited or mailed. With a regular title loan you can go get the cash in about 30 minutes.
How long do Online Title Loans take?
Many Online Title Loan lenders are advertising “Instant Online title Loans“. The reason is simple, users are searching for the term so lenders are advertising it. Unfortunately, no title loan is instant. In fact, some “Instant Online Title Loans” actually take longer to fund than a traditional title loans. Before proceeding with the online title loan agreement make sure to find out how long it will take to fund your loan. If you need cash immediately, make sure to confirm with your lender the funding time frame.
Fast Title Loans is a more accurate description than Instant. Generally, Title Loans, including Online Loans, are funded fast. This is especially true when compared to other loan types. There are cases where funding can take longer than expected. Meeting the title loan requirements before applying will help ensure your title loan online is fast. Fast Title Lenders provides fast and easy same day title loans.
Online Title Loan Amounts
Borrow as much as you need based on the vehicle value and ability to repay the loan. If you are new to the title loan process learn how to get a title loan.
To check another loan amount and payment use our car title loan calculator. In addition to the question “How much can I borrow?”, it is also important to ask “How much will this cost?”. Understanding how much title loans cost is a key to being able to negotiate an affordable title loan.
We brought cost transparency with our Title loan Calculator. It is unfortunate that other lenders copied our calculator. We bring honesty through our information about all things title loan related. This ranges from telling customers not to borrow the maximum amount when it doesn’t make sense to providing information on how to avoid the most predatory lenders.
Online Title Loans No Credit Check:
Fast Title Lenders does not check credit, however some online title lenders do. There is a good reason for this. There are some lenders advertising loans far exceeding 50% of the fair market value of the vehicle, with some as high as 85%. Cars depreciate (decrease in value) over time. Making a title loan for 85% of the fair market value presents a higher risk for the lender and is not allowed in many states. Specific state maximums are shown here on page 2. As vehicles depreciate a default is more likely to result in a loss for the lender if they have to repossess and sell your vehicle. Make sure if you apply with another lender to find out if they check your credit.
Bad Credit Title Loans Online
One of the benefits of a car title loan is your car is your credit. This means you can still qualify for a title loan even if your credit is not perfect. You use your vehicle as collateral for the loan, vehicle is your credit.
The value of your vehicle is an important aspect in a title loan transaction. So, make sure you have a good idea of your vehicle’s value before applying for a loan. There are several ways to estimate the value of your vehicle. All start with an honest assessment of the vehicle’s condition (interior, exterior, and mechanical).
Mileage also plays a big role in the calculation. Once you have an honest assessment of the condition and the mileage, use one of the online vehicle valuation tools like KBB and NADA. To get a rough idea you can also take a look at your most recent personal property tax bill if you live in a city/state that collects personal property tax. When you look at the bill, it will show the approximate value of the vehicle used to generate the tax amount. This does not take condition into account, so it is not as accurate as using one of the online tools. Finally, vehicle history also plays a role in calculating your vehicle’s value. This is especially true for online title loans with no inspection, as the lender will not have a chance to see the vehicle in person.
How to get the Best Deal
Getting the best deal on an Online Title Loan is very similar to getting the best deal on any other title loan. Always read the loan agreement in full before signing.
Whether you choose us for your loan, or another lender, there are a few things you can do to make sure you get the best deal. First, ask the lender for a lower rate. Many people don’t realize it but title loans are negotiable. There are rules on the maximum rate a lender can charge, but no rules on the minimum rate.
If you ask for a lower rate you may be able to reduce your total loan cost significantly. Next, ask the lender to waive any fees. Hopefully you chose a lender, like us, that doesn’t charge fees, but if you didn’t, ask them to waive them. Finally, get several quotes from lenders and go with the lowest.
Most importantly, read the loan agreement before signing it. Make sure you understand, and agree with, the terms in the agreement including how interest is charged. It is suggested that you understand loan amortization to get an idea of how your loan work. Read the fine print. It may end up saving you a significant amount of money, and, even your car. If you are not comfortable with any part of the agreement do not be afraid to move on to another lender.
FTL Online Title Loan Tip
When getting a title loan online, or any car loan for that matter, do not focus solely on the monthly payment. While it is definitely important to ensure you monthly payment is affordable, it is just as important to ensure your online title loan is affordable. Some online title loan lenders are amortizing title loans for 24, 36, and even 48 months.
A longer loan term does lower your monthly payment, but, as the interest rate increase the effect this has on the total loan cost can be significant. As the interest rate increases, increasing the loan term can have unexpected affects as shown in these graphs. For example, a $1,000 title loan with a 36 month term and a 15% per month interest rate costs over $5,400 to repay. That is not an affordable loan nor a reasonable loan. To see other loan amounts and rates with graphs check out our post on what title loans really cost.
Low Interest Title Loans Online
Our business model includes lower overhead costs, and we pass that savings on to the customer. This results in cheaper title loans and lower interest title loans online. We do not require our customers to visit us for completely online title loans. Our goal is to make it easy for customers to get a loan and make payments, not difficult.
Online Title Loans Summary
Title loans, including completely online title loans, car title loans online with no store visit, and online title loans with no inspection, are, in many terms, a lot like regular car title loans but with some additional requirements and risks. Choose the type of car title loan online that best meets your needs.
These risks can add up to costs and in some cases even a credit check. As with all title loans, it pays to do your research and find the best lender, with a good reputation, offering decent terms. At Fast Title Lenders we have done our best to provide title loan customers with the tools and resources needed to educate themselves on how title loans work. This includes providing alternatives to title loans. Doing so will help avoid getting stuck with a loan you can’t get out of that is nearly impossible to repay.
Can I apply for a Title Loan Online?
Yes, applying for a title loan online is easy and only takes a few minutes. Fast Title Lenders has a very easy application process. Use our instant online application.
How do Online Title Loans Work?
Online car title loans work similar to vehicle title loans, with a few extra requirements. These include vehicle pictures of the outside, inside, odometer, and VIN.
How much can I borrow with an Online Title Loan?
Typically, the loan amount for an online title loan is the same for any title loan. It is limited to 50% of the vehicle’s value. This assumes you have the ability to repay the loan.