Get The Green Light Today With Instant Cash Title Loan Approval

Life can be expensive, sometimes meaning we need instant cash to pay for unexpected expenses. If you own your vehicle outright with the lien-free title in your name, you could get cash fast with instant cash title loan approval.

In this guide from Southwest Title Loans, learn about Arizona title loans, including what they are, who can get approved for them, how much you can borrow, and the process and requirements for instant cash title loan approval. Use this article as a guide to determine if car title loans are the right lending option for your financial crisis.

What Is A Cash Title Loan?

A title loan is a secured emergency loan that allows those who have fully paid off their vehicles to use their car title as collateral for a loan. It allows car owners who have paid off their cars to use the value of their vehicle to get quick cash for emergency situations, such as medical bills, late bills, or auto or home repairs.

A loan lender, such as Southwest Title Loans, will place a lien on their car title to process the loan. They can receive emergency funds as soon as the same day, with the amount of money from their loan depending on the value of their car.

Who Can Get A Cash Title Loan?

Before you can learn the process of getting a cash title loan, you need to know what type of person can get this kind of loan. At Southwest Title Loans, we require that borrowers be over the age of 18.

If you possess a lien-free title to your vehicle in your name, you can get a cash title loan. Those who have a car title in someone else’s name, such as from buying a car from a friend, must go to a local DMV office to process a name change. Once the car title is in their name, they can get approved for a car title loan to get emergency funds for urgent expenses.

How Much Can You Borrow For A Title Loan?

At Southwest Title Loans, you can get approved for up to $15,000 for your Arizona title loan. However, borrowers will not automatically get approved for that much emergency cash. That is the maximum amount you can get approved for, but many borrowers do not get approved for that much.

Your title loan value is based on the value of your vehicle. During the approval process, there will be an in-person meeting where one of our loan agents will inspect your vehicle. They will determine your cash title loan’s value based on your car’s year, make, model, condition, and mileage. We also use a nationally recognized pricing guide to determine your vehicle’s resale value.

The Benefits Of Cash Title Loans Over Traditional Loans

There are some advantages to getting a title loan over a traditional loan from a bank. One is that this is a collateral-style loan that is secured through your title. That means your credit doesn’t play a big role in whether or not you qualify.

Another advantage is the process is quick, so you can find out if you can get the funds you need quickly. Again, you can’t necessarily get instant approval, but it is still much quicker than a bank loan.

The following are some of the benefits of cash title loans over traditional loans:

• Quick access to funds: Traditional bank loans can take weeks or months to process, with borrowers needing to provide countless items for verification. This can delay them getting the funds they need. Cash title loans allow you to complete the process fast and receive quick funds to handle your urgent expenses.
• No credit requirement: Banks and traditional financial institutions require good credit for you to get approved for their loan. Another vehicle title loan benefit is that borrowers of all credit types can be approved because the loan is secured with collateral. Borrowers with bad credit or no credit can get fast title loan approval.
• Keep your vehicle during repayment: One of the best things about a cash title loan is you can continue to drive your vehicle whenever you want. At Southwest Title Loans, we do not take possession of your vehicle if you are approved and only hold onto your title while you are making your loan repayments.
• Complete the process online: Most traditional loans will require you to visit a bank location multiple times. At Southwest Title Loans, we allow borrowers to get online title loans without visiting one of our Arizona locations. Our loan associate will meet you at a convenient location to see if you can get approved for the cash title loan.

The Requirements Of An Arizona Title Loan

One of the advantages of Arizona cash title loans is the limited requirements compared to traditional bank loans. Southwest Title Loans only requires you to have a few required items to get approved for a car title loan.

You can get fast title loan approval as long as you can show one of our loan associates that you have these required items:

• A driver’s license or state-issued photo ID
• A lien-free car title in your name
• Your car for a vehicle inspection

Most borrowers will have these items handy, so it does not take a lot of searching to find what you need to get cash title loan approval. As long as you can offer up these items, you can get approved for emergency cash from a title loan as soon as the same day or the next business day.

The Process Of Securing A Title Loan With Southwest Title Loans

Once you can meet the above requirements, you have a few options for how you want to get the process started. We allow borrowers to begin the process online, over the phone, or in person. Getting a cash title loan online is easy, with borrowers not needing to visit one of our Arizona store locations. You can complete the process in less than a day to get approved for emergency funds.

The following are the steps involved in the Southwest Title Loans approval process:

• Provide your basic information on our online inquiry form
• Answer a phone call from a loan agent to discuss your cash title loan
• Determine a convenient location for the in-person meeting
• Bring your required items for verification at the in-person meeting
• Allow our loan agent to inspect your vehicle to determine its value
• Sign loan documents
• Receive your emergency cash through direct deposit

Get An Arizona Title Loan With Southwest Title Loans Today!

If you need to pay for an emergency expense, an Arizona title loan can provide you with fast cash. As long as you have a lien-free car title in your name, you can get the green light for quick title loan approval at Southwest Title Loans. Start the process today on our website’s online inquiry form. Provide your basic information, and a loan agent will call you to guide you through the simple approval process.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.