• Direct Lender
  • Borrow Up To $50,000
  • Loan Terms Up To 48 Months
  • No Prepayment Penalty
  • Minimum Income Of $1,500

There are plenty of reasons to take out a personal loan. You might be starting a business or remodeling your home. Or maybe you need to pay off debts, start an emergency fund, or build your existing credit.

No matter the reason, you must understand your lending options, as well as the strengths and terms of your lender. Picking a lender can make a significant difference when it comes to your total out of pocket costs. Put another way: make sure your lender has your best interests in mind before you take out your loan.

LoanCenter is a financial service provider based in Los Angeles that offers auto loans and title loans online. LoanCenter has provided borrowers with more than $5 million to date. If you are considering borrowing from LoanCenter, here’s what you need to know.


What Does The LoanCenter Offer?

LoanCenter offers three products: auto loans, auto title loans, and refinancing options for both. Auto loan providers give money to borrowers to pay for a car or vehicle. With a title loan, you already own the car, but you’re using it as a form of collateral to borrow money. It’s also known as a “fast auto loan” and can also apply to RVs and motorcycles.

The third option is refinancing. The idea is to replace your existing debt obligation to an auto or title loan with a new one, but under new terms. Borrowers can improve their conditions in several ways, including lower interest rates, lower monthly payments, or waiving penalties.


How Do I Apply?

Loan Center Application


Applicants can get in touch with LoanCenter online or in-person. The company has brick and mortar locations in eight states, including Arizona, California, Georgia, Idaho, Missouri, New Mexico, South Carolina, and Utah. For a list of LoanCenter locations in those states, you can use their store locator.

LoanCenter.com also lets people apply for auto and title loans online, as well as refinancing. Note that you must be in one of the states mentioned above to qualify. Otherwise, you will not be eligible for their loan services.

First, visit the LoanCenter’s website and select the product you want. Refinancing and title loans are the most straightforward options and take as little as a minute to apply for. To apply, you must submit the required information:

  • The make, model, and year of your vehicle
  • Vehicle trim and mileage
  • Desired loan amount
  • Name
  • Email address
  • Phone number
  • Zipcode
  • How you heard about LoanCenter

Auto financing also requires some basic information, like your name and address. The application also includes some financial fields that LoanCenter uses to calculate its loan offer. If users qualify, LoanCenter will show them the total amount of money they can receive, along with their expected APR and repayment time. The additional fields include:

  • Length at address
  • Length at job
  • Monthly gross income
  • Preferred loan amount
  • Preferred down payment
  • Preferred monthly payment

After completing the application process, LoanCenter reviews the information and either approves or rejects it. If you qualify, a LoanCenter representative will reach out to you about your application and the process for completing your loan. During this step, you will go over the borrowing terms and rates.

If you do not qualify, you may have one of two problems. For instance, if you don’t live in one of the eight qualifying states, LoanCenter will not lend money to you. Another common cause is poor credit history.

While a low credit score can hamper financial flexibility, it is correctable. First, get a free credit report from one of the three national credit bureaus: EquifaxExperian, and TransUnion. US citizens are legally entitled to one free report per year per company.

Your credit report is an opportunity to see your existing lines of credit and financial history. It can serve as a blueprint for places to improve your financial strength. Additionally, if you notice any errors in the report, make sure to reach out to all three bureaus for a correction.


Eligibility Criteria

LoanCenter requires specific information to see if applicants are eligible for their loans. The company also filters people based on geography, credit history, and more. To get a loan, you must meet these qualifications:

  • You must be at least 18 years old
  • You must be a US citizen or permanent resident
  • You must live in Arizona, California, Georgia, Idaho, Missouri, New Mexico, South Carolina, or Utah

The qualifications to refinance or obtain an auto loan are easier. LoanCenter requires more information for a title loan because your car’s value as collateral will directly impact the loan size. If you apply for a title loan, you must also:

  • Have a driver’s license and a valid form of government-issued ID
  • Own a vehicle under your name, including cars, motorcycles, and RVs
  • Have a lien-free car title with your name on it
  • Have LoanCenter representative inspect the car at your convenience
  • Proof of income, which can include pay stubs, retirement, disability checks, or unemployment benefits


Required Information

LoanCenter does an excellent job of turning around applications quickly. Users can expect to hear back about their approval within hours or days. If you get approval for a loan or refinancing, here are some of the pros and cons:



Many people use LoanCenter because it is fast and convenient. The company goes through applications quickly and will loan people up to $50,000 at a time. This swift lending process means individuals can borrow money quicker than they would from large banks or financial institutions.

Additionally, LoanCenter offers more variety when it comes to financing options. Applicants can review offers based on baseline features or the lowest possible APR. LoanCenter even has a customizable option where people can name their price.

LoanCenter also covers financing for a range of vehicles. People can also borrow money to buy a car or use an existing car to make another purchase. This variety provides flexibility when it comes to borrowing.



LoanCenter has limited availability on a nationwide scale. Potential borrowers can only benefit from the company’s services if they live in one of the eight eligible states, but more specifically, in the existing metro area.

This restriction can make getting in touch with representatives more challenging, especially for a face-to-face meeting or car inspection. Additionally, there may be origination fees depending on where you live.


Fees/Locations/Available States They Work In

It’s hard to say whether LoanCenter has added costs built into its loan process. While the company may or may not have them, some institutions charge application, late, and inspection fees. LoanCenter.com does say on its website that there is no penalty for completing your loan repayment early, as with some loan companies.

As mentioned above, LoanCenter operates in eight states. That includes 14 major metro areas, like Phoenix, Los Angeles, Kansas City, St. Louis, and Salt Lake City. Applicants do not have to live in these locations to qualify, just in the state itself. If you live outside of their service area we recommend you go through Max Cash, AKA TMG Loan Processing as they service 48 states nation wide.

If you qualify for a loan, LoanCenter will work with you to set the terms and interest rates. Because the company offers the convenience of fast and straightforward approval, the conditions are typically less favorable for the lender. That can mean an APR ranging from 17 to 30 percent.

Let’s say you qualify for the maximum amount from LoanCenter, which is $50,000, to finance a home remodeling. Based on your finances and credit history, the company also assigns a 22.25 percent APR and repayment length of two years.

Borrowers would pay LoanCenter $2,496.21 per month for two years. Once you complete the payments, the borrower will have repaid the original value plus interest, which equals $59,908.92. Therefore, you pay $9,908.92 to borrow money.

Again, the terms and rates for applicants vary based on their finances. For instance, loans made over a longer period require lower monthly payments but cost more in the long term. This example also does not include any potential LoanCenter fees.


The Bottom Line

LoanCenter can be a viable source for title loans as well as refinancing title loans. Customers should be diligent in the fact that these loans are typically more expensive. Generally speaking, LoanCenter is better as a back-up plan if you have poor credit and an excellent driving record.

Regardless of what direct lender you choose, make sure you shop around for quotes. Taking the time to negotiate different deals allows you to find terms that work best for your individual needs. It can also be a way to leverage lenders for better rates.

Be open-minded to other sources of financing, too. The most accessible option is to borrow from friends, family, or organizations in your social network. Other potential loan sources may include credit unions or small banks.