Online Title Loans are now an option to get a Title Loan from the comfort of your home. Fast Title Lenders specializes in providing online title loans with an easy online application and fast online approval. We offer the Lowest Interest Rates with no fees; no loan origination fee and no pre-payment fee. Our interest rates, and total cost of the loan, are significantly less than the competition. Additionally, we are experts at processing car title loans quickly.
Fast Title Lenders – the Best Online Title Loans
Are you shopping for an instant Online Title Loan? Do you need a 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. This type of overcharging is what leads people to ask are title loans bad? While the answer the this question is not a simple yes or no; it depends on the loan, the borrower, and the lender. There are pros and cons for every title loan. Our online title loans are a fraction of the cost of the larger lenders. Use our title loan calculator to get a real time quote.
Get cash for your car title quickly with our title loans. Our re-payment terms are much simpler than most lenders. We recently published a title loan costs guide with several examples of typical loans and repayment amounts. It is worth reading before getting a loan just to have an idea of what title loans actually cost.
Requirements for Online Title Loans:
The requirements for online only 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 mileage. To qualify for an online title loan 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)
Online Title Loan Process:
We recommend as the first step for any title loan, including an online title loan, to use our 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 can result in the loss of your vehicle. Next, fill out our easy online application to start the online title loan process. Additionally, for Online only Title Loans, be prepared to take pictures of the exterior and interior of the vehicle including the odometer. The loan will be funded once the vehicle condition is verified and the Title is received.
Car Title Loans Online – Benefits:
There are several benefits to getting an online title loan, with the most obvious being you can complete the process without the need to leave your home. There are some trade-offs however. For online title loans you will need to be prepared and equipped to take accurate pictures of your vehicle. Also, you may need to wait a day for your funds to be deposited. With a regular title loan you can go get the cash in about 30 minutes. Fast Title Lenders provides additional benefits for our online title loans including:
- Ensuring we offer the lowest interest rates available,
- Providing the best possible customer service,
- Offering the most convenient payment options, and
- Providing a real time quote, payment estimate, and APR.
Providing these benefits to our customers have helped make us the best title loan company in the nation.
Car Title Loans Online – Application:
Car Title Loans Online – We specialize in providing a single type of loan and streamline 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 to begin the online title loan process. There are several types of Online Title Loans:
- Traditional Online Title Loans
- Online Title Loans no store visit (with or without inspection)
- No Inspection Title Loans
- Completely Online Title Loans
- Instant Online Title Loans
Title Loans Online – Traditional Lenders:
A traditional online title loan begins with an online application, loan pre-approval, and a store visit. The store visit is to confirm the vehicle information and condition, finalize paperwork, and get your cash. These are usually the fastest loans, as you will be funded the same time you provide your title to the lender. This removes the wait from mailing your title in. We specialize in fast title loans at the best rates.
Online Title Loans No Store Visit
Online Title Loans with no store visit are becoming more popular. This is especially true if you are located in an area where you have to drive a long way to visit a title lender. With an online title loan with no store visit, the loan can be completed in two different ways. The first is with a third party inspection, the second with no inspection.
Online Title Loans No Inspection:
A no inspection title loan, like the name implies, removes the part of the process where you visit a location to have your vehicle inspected. These loans are accompanied by detailed pictures of the vehicle, and additional personal information such as references.
Completely Online Title Loans:
Completely Online Title Loans (100% Online) are very similar to “no inspection” title loans in that there is no store visit. These loans will also be accompanied by detailed vehicle pictures and addition information. Our recent online title loan guide details how online title loans work.
Instant Online Title Loans:
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. Why are we telling you this? Fast Title Lenders was founded on the principles of honesty and transparency; we thought it was about time an honest lender joined the industry (there are others, although there are plenty of lenders that give the entire industry a bad reputation). 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.
Our Services include Online Title Loans for:
- Classic Cars
- Luxury Cars
To qualify for a loan we require the vehicle to have enough value to lend against and the customer to have the ability to repay the loan. Typically, the vehicles we are able to lend on are worth at least $5,000.00. We have no pre-set minimum or maximum loan amount. Borrow as much as you need based on the vehicle value and ability to repay the loan. We evaluate each loan individually and provide the terms that best meet our customers’ needs. We do this for both online title loans and regular title loans. If you are new to the title loan process learn how to get a title loan.
How much can I Borrow?:
The amount you are able to borrow with an online title loan is very similar to a brick and mortar loan. The maximum is 50% of the fair market value of the vehicle assuming you have the ability to repay the loan. For example, if the vehicle is worth $10,000 the maximum amount you could borrow would be $5,000.00 assuming you have income to support the monthly payment of $663.48. 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.
Is there a Credit Check?
Fast Title Lenders does not check credit, however many online title lenders do. There is a good reason for this. There are some lenders advertising loans exceeding 50% of the fair market value of the vehicle, with some as high as 85%. Cars depreciate (decrease in value) over time. This is a higher risk for the lender, as vehicles depreciate and a default is more likely to result in a loss for the lender. Make sure if you apply with another lender to find out if they check your credit.
How much is my Car Worth?
The vehicle value 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.
How to get the Best Deal
Additionally, our business model includes lower overhead costs, and we pass that savings on to the customer. 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.
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. 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.