What Types Of Loans Do You Offer In Tempe, Arizona?
Emergency loans in Tempe, Arizona, can help you recover from financial disaster. If you lost your job or suffered an injury that has kept you out of work, you may struggle to afford unexpected costs like overdue rent, medical bills, and home repairs.
This guide from Southwest Title Loans will explain how title loans and registration loans in Tempe, AZ, can help you during your financial emergency. Borrowers who live near Jen Tilly Terrace or Hughes Acres can reach our Tempe store location quickly and get approved for one of our emergency loans in less than 30 minutes!
What Emergency Loans Do We Offer In Tempe, AZ?
If you need an emergency loan in Tempe, Southwest Title Loans can help. We offer two types of emergency loans: title loans and registration loans. Car owners can access both, but the requirements are a bit different. Learn about the differences below to determine which is better for your financial situation.
The following are the emergency loans we offer in Tempe, AZ:
1. Tempe Title Loans
Title loans are secured loans that let you use your car title as collateral to secure a loan. This type of Tempe loan is only available to borrowers who have fully paid off their cars, as you must use a lien-free car title as collateral. We will place a lien on your car title, which we can only do if your vehicle title is free of any outstanding liens, debts, or judgments.
Borrowers with clear car titles can get approved for up to $15,000. However, that is the maximum amount; not everyone will get approved for that much. Your title loan amount will depend on your vehicle’s value. We will inspect your car during an in-person meeting to establish its value. The factors that will influence it are its age, make, model, condition, and mileage.
The following are the three required items for title loan approval:
- A state-issued ID card that displays your full name, age, and photo
- A lien-free car title in your name
- Your vehicle for an inspection
2. Tempe Registration Loans
Those who have not fully paid off their car yet can still get approved for emergency cash through registration loans in Tempe. A registration loan lets you use your car registration as collateral, but does not require you to fully pay off your car to get approved.
Borrowers who do not own their car outright can receive up to $1,500 from a Tempe registration loan. Unlike title loans, your car’s value will not be the element that determines your loan amount; we will do a soft credit check and use your credit score to establish your value. Borrowers with bad credit can still get approved for registration loans, but their loan amount will be smaller.
The following are the eligibility requirements for registration loans in Tempe:
- A valid Arizona driver's license or government-issued photo ID.
- An Arizona motor vehicle registration that is in your name
- An active checking account in your name
- A valid Social Security number
Emergency Loan Borrowing Tips: What You Need To Know
Before borrowing a title loan or registration loan, taking responsibility seriously is vital. While you can get approved simply for these loans, you must take them seriously to avoid the downsides of failing to make repayments. You must have a plan in place for how to use your loan money responsibly and how to repay the loan to avoid missing payments.
The following are some responsible borrowing tips:
- Only borrow what you need
- Don’t spend loan money on luxuries
- Only borrow money for urgent financial emergencies
- Create a repayment plan before borrowing
- Consider interest rates when creating your repayment plan
Where Can You Get Loans In Tempe, AZ?
If you feel you can responsibly borrow one of our loans, you can start the process today. You can begin online, but you will have to complete the process in person.
Thankfully, we have a Tempe store location you can come to for quick loan approval. We are located at 937 E Broadway Rd # 3 by Our Lady of Mount Carmel Catholic School and Salad and Go. We are open from 10 am to 6 pm every weekday and from 10 am to 5 pm on Saturdays. Come in today to get approved for a title loan or registration loan in less than 30 minutes.
The Approval Process For Tempe Title Loans And Registration Loans
Are you ready to get emergency cash through our Tempe loans? You’ll be happy to know that our process is fast and efficient, allowing you to get same-day approval. The in-person portion of the process can take less than 30 minutes. Borrowers can get approved and receive their emergency funds fast to resolve their financial emergencies as quickly as possible.
The following is the approval process for title loans and registration loans:
- Fill out the online request form
- Wait for a representative to call you and explain the loan process
- Set up an in-person meeting with an associate at an Arizona store location
- Attend the meeting with your required items
- Have your required items verified
- If you are getting a title loan, have your vehicle inspected for its value
- Sign the loan documents to complete the process
- If approved, receive your money that day or the next day!
FAQs
Can you get a loan with another person’s title or registration?
The name on your car registration or title must match the name on your driver’s license. You cannot use another person’s car title or registration. If your car title is in someone else’s name, you can get a title transfer at a local DMV office to get the name changed.
Can you get Tempe loans for bad credit?
You can get title loans for bad credit without worrying, as you use a car title to secure the loan. While you can get registration loans for bad credit, we will check your credit to determine the value of the loan. You won’t be able to get approved for as much as someone with good credit, but you can still borrow some money.
How long does the approval process for these loans take?
Both Tempe title loans and registration loans take less than a day for approval. You can fill out our online form in less than five minutes and get approved in person in less than 30 minutes. Borrowers will receive their money within one business day.
Borrow Title Loans Or Registration Loans In Tempe – Get Approved In Less Than 30 Minutes For Emergency Cash!
If you need emergency cash in Tempe, AZ, Southwest Title Loans can help with our car title loans and car registration loans. Apply online today and get approved in less than a day. Our friendly loan associates can guide you through our quick, efficient process. Contact us for fast financial assistance by filling out our online contact form or calling us at our Tempe store.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
