Our Title Loan Benefits


WE WORK TO GET YOUR ONLINE TITLE LOAN FUNDED!

We are an online company that offers fast and simple car title loans.

The lending experts at Highway Title Loans make getting cash for your car’s title easy. Please fill out our online application and answer a few questions from our underwriting team. Then once you’re approved, you can get the funds quickly and keep driving your vehicle for the life of the loan!

In most states, there’s no store visit required, and you can often finish the application and underwriting process in less than an hour. We’ll work with you to get reasonable terms with a funding amount and interest rates that work for both parties.

How An Online Title Loan Works


How To Get Approved

Getting approved for auto title loans is much easier compared to most other short term loans. Unlike a personal loan, bad credit isn’t a significant issue when you apply with Highway Title Loans. While most lenders will still look at your employment history and ability to pay back a loan, they care more about your ability to repay a loan than your recent credit history.

Regarding the payment terms and APR, it’s all about the amount of equity available in the vehicle. You should have no problem qualifying for same day cash if you have a paid-off pink slip with enough equity in the car. Other factors, such as showing proof of income and verifying your credit score, will be necessary during the underwriting process. Ultimately most companies that offer car title loans completely online want to know that you have a newer paid off vehicle.

How Long Does It Take To Get An Instant Car Title Loan?

The approval process for online title loans can be completed in less than 24 hours. You’ll first need to fill out an online application and determine how much money you’re looking to borrow. It will ask for details about your employment history and vehicle information.

After you click submit, the underwriting team will evaluate the application to use your car as collateral for a loan. They may need additional info or background information about your vehicle or financial history, but most applicants will get a funding decision within a few hours. Besides applying directly online, you can also submit your information over the phone or in person. Your state and third party factors will determine how much cash you receive.

Why You Should Get
An Online Title Loan

Online Title Loans aren’t for everyone, but some benefits come with this type of financing. By far, the most signficant incentive of a title loan is that you can quickly be approved and get your cash. Really the only requirement is that you have a clean and clear car title. Compare that to other types of unsecured loans, which take days to get approved and require a good credit score. Here are some other reasons why secured loans can be a great option.

 

Fast Approval Time
No Penalty For Early Payment
Keep Driving Your Vehicle
No In Store Inspection
Bad Credit Or No Credit Is Ok
Cash Is Sent To Your Account
Easy To Understand Contract
Borrow Only What You Need


Interest Rates & Fees For Title Loans

Interest rates are high with title loans but nowhere near the amount you see with a standard payday loan or cash advance. Some states limit the amount you can borrow and the amount a lender can charge you. For example, California has a strict limit of 36% for the APR on secured loans under 10k. Confirm the fees that come with your loan before you sign off on a contract. Also, make sure you can pay off your loan amount early with no penalty assessed. Most secured lenders don't charge a prepayment penalty for early payment.


Can I Get A Title Loan With Bad Credit

Using your vehicle's equity, you can qualify for a secured loan without needing a decent credit score. A personal loan or installment loan will always require excellent credit, but an auto title loan is based on your vehicle equity, not a credit report! That's how you can borrow more cash from a title lender near you versus a traditional lending offer. When you first apply for a Highway Title loan, there may be a quick check of your credit to verify your personal and lending information. Still, title lenders are far more interested in the vehicle value versus your credit report.


Can I Keep Driving My Car After I Get A Loan

Can I keep driving my vehicle after I take out the loan online? Yes, even though you hand over your vehicle title as collateral, you can still keep driving your car while making the monthly payments. It wouldn't make sense for you or a lender to take your car and limit your ability to go to work and make money! Keep in mind that there are still serious repercussions if you stop paying your car title loan or default on the payments. You keep the vehicle during the life of the loan, but once you fall behind on monthly payments, you run the risk of late fees, and ultimately a repossession of your car.


How Much Money Can I Borrow With A 24 Hour Title Loan

Your loan amount almost entirely depends on the equity available from your vehicle. The higher your car's resale value, the more money you can borrow. Final funding amounts can range from $1,000 to $4,000 in most states with more significant amounts in states, with no lending limits and for newer vehicles with low mileage. Other factors, such as your current income and recent credit history may also affect the loan amount.


How Much Does An Instant Online Car Title Loan Cost

No reputable title loan company will charge an application fee. Any company that says you need to pay upfront is not a company to work with. Auto title loans are similar to payday loans as the APR is higher than what's typical from a bank or credit union. It isn't easy to find the exact cost associated with an instant auto title loan online, but you can ask for an upfront estimate or find out the amount when you review the contract.


Are Guaranteed Approval Online Title Loans Available In All States

Car title loans are a form of short term lending and fall under many of the same rules and regulations as payday and installment loan companies that offer unsecured loans. Lenders are regulated at the state level, and the laws often change. Some states allow equity loans, while others completely ban this form of borrowing. Check with your state regulator before you seek out any personal loan, and stay updated on the current title loan lending laws.


Once Approved, How Long To Get My Money

Each company is different in how it gets you the money you need, but for the most part, you can expect cash in hand within one or two business days. All companies are different regarding the payout, and some companies offering online title loans can get you funded within one business day if you want to meet with them at a local office. It's also best to check with a lender and determine how the money is disbursed. Some companies can ACH the funds, and others can send them through bank wire or other overnight services.


How Is A Title Loan Different From Other Types Of Short Term Unsecured Loans

With an online title loan, you use your vehicle's equity as collateral to get the money you need. With personal loans or cash advances, the amount you borrow is unsecured, and the lender trusts you will pay back the loan. Payday loans may have higher interest rates than title loans as there's no collateral for the lender if you default. Also, you can borrow more with a loan that's backed by vehicle equity. Make an informed decision when choosing between the best title loan estimates or even a cash loan from unsecured lenders.

Features Of Highway Title Loans