A lot of the corner retail title loan stores that offer car title loans are mom and pop shops that set their own rates, charging up to 300% APR and many charge additional fees on top of that!
If the title loan store is privately owned, their business model is to act as middlemen storefronts that end up turning to a direct lender anyway to get you the funds you are looking for. Ultimately, the consumer, is responsible for the fees that these middlemen charge in order to make a profit. At a time when you may be already tight on cash, choosing the wrong title loan company can be devastating.
Best Online Title Loan Companies – No Store Visit Required
- Best Online Title Loan Companies – No Store Visit Required
- Online Title Loans With No Store Visit… How Does That Work?
- The Online Car Title Loan Process
- What is Needed For an Online Title Loan – Required Documents and Qualifications
- Key Benefits of Online Title Loans With No Store Visit
- What to Know Before You Take Out a Loan
- Other Things to Keep in Mind
- Frequently Ask Questions Section
- Our Conclusion
We’ve researched the best car title loan companies online that do not require a store visit to help you secure the loan you need and avoid predatory title loan stores along the way. These trusted title loan companies can fund your loans with no store visit within 24 hours. This can take place as long as you provide them with the necessary loan documents in a timely manner.
Max Cash A third party company that has helped over 500,000 individuals and families in the United States find a title loan and counting! Rated as the top title loan processor by Consumer Affairs and work with a number of reliable direct lenders nationwide. They also have access to over 1,500+ title loan store locations, so you are sure to find a location near you. They service 45 states, have an excellent reputation for customer satisfaction, and best of all, their services are FREE!
It’s easy to see why Max Cash is our #1 recommended title loan company.
They are open 7 days a week and have extended hours from 6am – 9pm, so typically you are able to get the funds you need the same day or within 1 business day. Car title loan minimums and maximums vary by state but range from $100 to $50,000 depending on many factors. Factors such as the equity in your vehicle and your ability to pay back the title loan. Bad credit? Not a problem. They work with more title loan lenders than anyone else in the US, so you’ll have multiple options to choose from.
By comparing your title loan options, they can help you get the lowest possible interest rate and loan terms that work for best you. You can get started by calling 1-887-544-0190 or by applying online below.
Note: Offers refinancing programs on existing car title loans. Provides services in ALL STATES EXCEPT: Hawaii, Montana, Nebraska, New York, and West Virginia.
LoanCenter is an online direct lender that offers rates lower than most companies and is one of the best financial institutions you can go through. Their headquarters are in Los Angeles but they are able to serve customers within 8 states which are listed below. They provide multiple products and services including auto title loans, pink slip loans, and auto financing loans. They offer an online application form for car title loans and pre-approval is done over the phone. They also have store and partner locations in different areas for easy access. This company will also let you keep your car during the duration of your title loan.
Depending on the state you live in, you can borrow up to $50,000 with loan terms up to 48 months, keeping your monthly payments low. There is no pre-payment penalty with LoanCenter so you can pay your car title loan off whenever you like. The amount you can borrow and interest rate depends on your vehicle value and your ability to repay the loan. LoanCenter is highly recommended.
Note: Loan Center offers a refinance program and will buyout existing car title loans. Currently ONLY serving customers in: Arizona, California, Georgia, Idaho, Missouri, New Mexico, South Carolina, Utah.
Finova Financial (Not Recommend)
Finova Financial is an online title loan direct lender that can have low interest rates. They only offers auto equity title loans online also known as a car equity line of credit (C-LOC).
Having bad credit history isn’t an issue, and no credit checks are required, but they do have stricter requirements that need to be met. Borrowers must have a minimum income of $800 a month and they only lend up to $5,000 in most cases. Vehicles must be owned free and clear to get an online title loan through them. They can also buyout a loan from another car title lender if the loan amount owed is less than $3,000. The repayment period for their title loans is up to 24 months with no pre-payment penalty. Since they only offer small loans, the monthly payments on their payment plan are lower.
The company is currently ONLY serving customers in: Arizona, California, Florida, New Mexico, Oregon, South Carolina, and Tennessee.
Check Into Cash is a well-known store that offers different types of lending products and services including payday loans. The application process online for getting a payday loan is simple using their instant online application form. The amount you can borrow will depend on a few factors. This includes the state you live in, the amount you are looking for, and your ability to pay the loan back. In some states, Check Into Cash can give you up to $1,000 and still offer competitive rates.
The company currently offers payday loans in : Alabama, Arizona, California, Idaho, Illinois, Georgia, Kansas, Louisiana, Mississippi, Missouri, New Mexico, Tennessee, Texas, Virginia, and Wisconsin.
Online Title Loans With No Store Visit… How Does That Work?
Online car title loans are a way to borrow money using your car title as collateral to secure the loan you need while allowing you to still use your vehicle. It’s the same as going into a title loan store but from the comfort of your own home.
The difference is you supply the loan company with the required documents they need via text or through email. At this point, the company will send a mobile notary to you for the final document signing without you leaving your home.
The Online Car Title Loan Process
Typically you will start by going through their online application process and filling out a form. Pre-approval happens over the phone when and the required information is simply collected via text or email. After you get approved, they will then send out a mobile notary to you that lives in your area. They will then look over the vehicle and complete the loan process by signing a contract.
Lenders can direct deposit funds into your checking account or overnight a check to you. The most popular method for same-day funding is them giving you a MoneyGram code. With this, you can take it to any place that accepts them like your local Walmart. The process can be completed in a day as long as you have all your paperwork ready to go.
What is Needed For an Online Title Loan – Required Documents and Qualifications
To qualify for a car title loan, you’ll need certain documents to meet their requirements. Each lender is different, but for the most part, they all require the same paperwork. Items that are typically asked for:
- Proof of Address
- Proof of Income
- The Title of the Vehicle
- VIN of the Vehicle
- Government Identification
- Vehicle Pictures
It’s important to note that different states have different maximum loan amounts minimums and may require specific minimum vehicle values. Lower value vehicles may require established credit even if it’s a small loan.
In all cases, the borrower must be at least 18 years of age and own the vehicle outright or at least have plenty of equity in the vehicle. There cannot be a lien against the title and you can not be in bankruptcy.
Vehicles should not be older than 10 years, but sometimes these companies can accept a title if it is a higher valued vehicle. As long as you pass these requirements and have the proper documentation, you should have no problem getting approved for an auto title loan online.
Key Benefits of Online Title Loans With No Store Visit
There are a number of key benefits to getting car title loans online with no store visit. For one, the interest rate is not as high as a cash advance or payday loan. You can also save more money on interest by going through a direct lender online for title loans. Their rates for title loans are often lower than most lending companies out there because you’re receiving direct-to-consumer pricing. Some of the companies we list above are online direct lenders and have some of the lowest rates in the industry.
Secondly, and most importantly, you won’t need to waste your time waiting at an office while your online title loan gets processed. No store visits needed here! This can be done fast, from the comfort of your own home. This also means that you won’t need to take any time off work which can be beneficial for many. All you need to do to get started is send the lender the required information simply via text or email and sit back and wait while they process the information. This tends to happen quickly so make sure you have your phone nearby!
After you get approved, the company will send a notary to YOU for the vehicle inspection and final signing. From there, they will send the funds directly to your bank account through direct deposit or hand you a MoneyGram on the spot. It’s that simple and title loans made can be funded on the same day! So skip the lines and apply online through our recommended list above.
What to Know Before You Take Out a Loan
Vehicle Title loans are considered high-interest loans and should be treated as a short-term solution to cover emergencies. Once the car title loan is paid off in full, your car title will be handed back to you.
You are using your automobile as collateral to secure the title loan and if you default on the loan agreement or do not renew the loan with the lender, your car can be repossessed. With that said, online title loans can be the right solution if you need fast cash to cover expenses.
While there are downsides to online title loans, there are also a number of upsides. You are able to get the financing you need quickly to cover the unexpected cost. You are also still able to drive your vehicle while the loan proceeds are being paid back. Car title loans made are not based on a credit score so having bad credit is okay. In fact, excellent payment history with the lender can actually help to IMPROVE your credit rating, because they report to credit bureaus monthly.
Other Things to Keep in Mind
Funding in as Little as One Day
If you are short on money and need quick cash, waiting around for a loan company is not an option. You’ve already submitted your information and gone through the online pre approval process. Now send in the required information and you can have the funding you need within the same day.
Some title loans have a no credit check policy but others do. The reason why some lenders might check your credit is to make sure you are not currently in foreclosure. They also check to make sure you have never had a repossession with their company. Unless you default, getting auto title loans online will not negatively affect your credit score.
Vehicle inspections are a necessary step in the process. The lending company needs to have a full understanding of the car’s worth and the condition of the car. All vehicles need to be in working condition. The process is done at your convenience, at your own home or place of work.
No Bank Account Necessary
Not everyone uses a bank and that’s okay. These services can send funds directly to your checking or savings account. They can also overnight you a check or hand you a money gram. This is a benefit for those that do not use a bank but still need fast cash to cover expenses.
Frequently Ask Questions Section
How much can you get for a car title loan online?
This is a common question we hear often. Normally you can get between 25% to 60% of the value of your car. The average loan amount varies between small loan amounts of $100 up to larger loan amounts to $10,000. Depending on your vehicle model, it can be as high as $50,000.
Can you still drive your car?
Yes, 100% of the companies we recommend will allow you to drive your vehicle during the repayment period. During the duration of the loan, the title loan company will retain your vehicle’s title until the loan agreement is repaid.
Can you get online title loans with no store visit?
Yes, you no longer have to visit a store location to get a title loan. You can now get a car title loans online with no store visit. The application and loan process can be done online or on your mobile phone. You’ll be able to receive your quick cash through direct deposit or you can choose to receive a MoneyGram. You can get cash wherever MoneyGram’s are accepted, such as your local Walmart.
Can you get title loans online with direct deposit?
Yes, most online title loans offer direct deposit. The top 2 companies that we recommend above both offer direct deposit for customers that get a title loan.
Where can I get an online title loan from direct lenders?
One of the most common questions ask online is if you can get online title loans through a direct lender. There are many title loan companies in different locations around your area. You can either drive around or look them up online like most people do. Is that really necessary though when you can now get them online? We recommend you contact Loan Center. They are our recommended choice for anyone looking for a direct lender who offers online title loans.
If you are strapped for cash and need help, car title loans online can be a solution. We understand the difficult situation you are in and we are here to help. It’s essential to know the risks that are involved when using your car title as collateral, but as long as you make your payments on time and pay off the title loan amount in full, you will not lose your vehicle. Because some companies report to the credit bureau, you can even improve your credit score.
Similar to a payday loan or a cash advance, car title loans online are temporary solutions. Be sure to take advantage of the no pre-payment penalties and pay your loan agreement off as soon as possible. This helps to avoid additional interest payments and keeps your overall interest low, saving you money over the long run. You can read more about the differences between car title loans vs payday loans.
Remember that not all financial institutions are the same and some will charge you much higher interest rates than other companies. Use our recommended list of online car title loan lenders to avoid predatory stores and use online title loans responsibly. If you do, you’ll be well on your way to solving your current money issue and will be back on your feet in no time.