BORROW $2,500 OR MORE WITH A FRESNO TITLE LOAN
Apply Using The Form Below Or Call California Title Loans at 855-339-1001
SEE WHAT YOU CAN GET FOR YOUR CAR'S TITLE
Get Pre-Approved Using Your Car's Title In Fresno
At California Title Loans, we've offered pre-approval for title loans in the Central Valley for years, and we can take your application and complete your underwriting in one business day. You don't need excellent credit to get pre-approved, and qualified applicants can borrow $2,500.
The requirements for a car title loan are straightforward. You need a paid-off vehicle with a clear title listing you as the sole owner, with no cosigners or liens. You must verify your monthly income through bank statements, employment records, or pay stubs, and some lenders may need proof that the car is insured and registered in California. Some lenders will request an inspection if you're looking to borrow $5,000 or more, and you will always need to verify your identity with a government-issued ID.
Apply Online Or With A Local Lender
Getting a car title loan is fast and easy when you apply online or call 855-339-1001. We need some quick information about your vehicle and employment status, and we'll use that to prepare a quote based on your vehicle's value. Your estimate will show the APR and the expected repayment term, and we can offer several monthly payment options to fit your budget.
For anyone who wants to apply with a local lender, that's no problem either. California Title Loans takes applications online or over the phone, and we can then broker your application to a licensed local lender. You'll then complete a vehicle inspection and sign off on your loan agreement. Best of all, there should be various funding options available to you once you're approved. Your funds can be sent to your checking account within one business day after you're approved, and you can sometimes request a check or pick up the money in person.
Benefits Of A Car Title Loan
- Car title loans allow you to borrow $2,500 or more; your loan underwriting is primarily based on your vehicle's equity.
- California Title Loans can take your application online, or over the phone at 855-339-1001.
- Refinancing can lower your interest rate. The APR for consumer loans in California between $2,500 and $9,999 is capped at 36% plus the federal funds rate under AB 539, and a quick refinance can potentially save you money.
- No extensive credit check is needed.
- Payment options are available through direct deposit or ACH from your bank account. You can repay your loan over 12 to 48 months.
- You decide when to repay your loan. In California, there is typically no pre-payment penalty.
What Borrowers In Fresno Should Know Before Applying
Car title loans are vastly different from unsecured loans, as you're using your car title as collateral for a loan. While you may have been turned down for a personal loan because of bad credit, a lien-free vehicle gives you the best chance of qualifying, and loan amounts range from $2,500 for low-value vehicles up to $20,000 for well-qualified cars and SUVs. Borrow 40% to 60% of the appraised vehicle value, with more in some cases, but remember, the more you borrow against your vehicle's equity, the more you'll pay in total interest over the repayment term. Title loans are expensive, and the interest rates can catch up with you if you only pay the minimum monthly payment. Call California Title Loans at 855-339-1001 to learn more about your options. If you're ready to get started on the application, we can get a quote in minutes.
A Straightforward Process From Application To Funding
When you work with California Title Loans for an online title loan, we can pre-approve and process your application within hours. Your money can be sent to your bank account in as little as 1 business day after approval.
You should be able to complete most of the pre-approval and paperwork online, and the underwriting can typically be completed that same day. After that, you'll schedule a time to pick up the loan proceeds in person, or you can have the funds sent to your checking account.
What Else To Know About Auto Title Loans
Only borrow what you absolutely need. There are no interest rate caps on title loans of $10,000 or more in California, so rates can vary significantly. For loan amounts between $2,500 and $9,999, rates are capped at 36% plus the federal funds rate. Also, read all terms of your loan documents and compare the payoff amounts and APR to those of other licensed financial companies in Clovis or Central Fresno.
Stay in touch with your lender if you're worried about defaulting on the loan. No one wants to deal with a potential vehicle repossession, as it costs your lender a lot to repossess and sell the vehicle at auction. There's a good chance your lender will offer to reduce your loan's APR and get you back on track with your monthly payments.
Apply With California Title Loans To Get Started
Complete the California Title Loans online application or call us at 855-339-1001. If you have a lien-free vehicle that's year 2014 or newer, you have a great chance of qualifying, and we'll work to get you the highest equity amount for your vehicle.
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