by nedrah | Oct 29, 2022 | 18 Wheeler Title Loans, Car Title Loans, Title Loans
Car title loans are becoming so popular because of the several benefits that the traditional loans do not offer. If you are considering commercial truck title loans, allow us to help you understand the benefits of title loans.
Key Benefits of Commercial Truck Title Loans
#1. Quick Cash
Car title loans are the ideal choice if you need money right away. With 1stcapitaltitleloans, you can collect the cash you need within 24 hours of loan approval. As long as your truck is free and clear, we can approve your loan quickly unlike other types of loans that take at least a few days to process.
#2. Easy Approval
Commercial truck title loans involve an easy application process. Don’t worry about your financial history when you apply as a bad credit score will not disqualify you for the loan. We just need your truck title for loan approval! Just apply online, provide the required information, and the application is approved in no time. Believe it or not, it is as easy as it sounds.
Once you pay off your loan, the title is returned to you after the department of motor vehicles has processed it.
#3. No Prepayment Fee
1stcapitaltitleloans encourages you to repay car title loans earlier if possible. Some lenders charge a penalty on advance payment with title loans but we don’t charge any prepayment fee so you can pay off your loan sooner without paying any extra fee.
Still thinking about taking car title loans? Call us if you have any query and get quick cash for your truck title today! https://1stcapitaltitleloans.com/
by nedrah | Oct 21, 2022 | 18 Wheeler Title Loans, Title Loans
Procuring funds for a new business can be challenging, especially if you don’t have a good credit score or a stable fiscal performance. In such cases, title loans are a fantastic resource to raise money and get your business up and running.
1st Capital Title Loans is the country’s leading title lending company that provides commercial car title loans against your vehicle. If you have a vehicle registered in your name, you can secure a title loan instantly.
Why Commercial Car Title Loans Are a Fantastic Resource?
Besides quick cash, here are 3 reasons to choose title loans:
#Reason 1. Good for bad credit
Mainstream lenders avoid giving money to people facing bankruptcy, eviction, or non-payment issues. You can get title loans irrespective of your credit score by simply surrendering the title of your commercial vehicle. Once you pay the loan, the title is transferred in your name.
#Reason 2. Quick approval
1st Capital title loans offers quick and easy approval of your title loan application. While traditional lenders can take 2-3 days to approve your loan, commercial car title loans can be secured on the same day of application. Moreover, the entire process is done online that adds to your convenience.
#Reason 3. Keep your vehicle
As a business owner, you need a vehicle for transportation of finished goods or raw materials. Title Loans allow you to keep your vehicle while you still owe the loan so you can carry on with your business activities as usual.
1st Capital Title Loans offers significant advantages on commercial car title loans. Give us a call to secure a loan today!
by nedrah | Sep 23, 2022 | 18 Wheeler Title Loans, Title Loans
What are title loans?
A title loan is an easy and secured loan that the borrower can avail of by giving the borrower’s car title as security. These are the easiest loans to get that don’t take much time to get approved. The best part is the borrower gets the loan amount approved on the same day. The lender is fully secured with the title in hand whether it is for car or commercial Truck title loans.
Things to keep in mind before applying for Commercial Truck Title loans
To have a Title loan you need to own a vehicle
Title loans are easy loans that use the vehicle as security. It is a short-term loan that gets approved on the same day but for that, you need to own a vehicle and should not have any auto loan in your name. You need to have 100% ownership of the vehicle. If you are unable to pay back the loan then you may lose your vehicle.
Loan amount
The Title loan amount you get on the vehicle ranges from 25% to 50% of the value of your vehicle. It totally depends on the lender how much Title loan amount he would disperse against your vehicle.
The interest rate is very high
The interest rate charged on Commercial truck Title loans is usually very high. The lender may charge the Annual Percentage Rate (APR) of 300%. That means if you take the loan you will have to pay 3 times the value of your Title loan.
For more details, visit now.https://1stcapitaltitleloans.com/
by nedrah | Sep 16, 2022 | 18 Wheeler Title Loans, Title Loans
According to borrowers, title loans have discovered a solution to this issue and are now a much more popular choice for consumers, particularly business title loans and semi truck title loans.
The same essential premise underlies all auto title loans, including semi truck title loans: a loan is sanctioned and approved in relation to the vehicle provided as security.
How to opt for Semi truck Title Loans
The most important criterion is to ensure that you stick with a reputed lender who is offering you a lower rate of interest and is willing to complete the entire loan approval process within a day or two!
You must meet the following requirements in order to begin the loan application procedure for semi truck title loans:
- The driver of the vehicle must present identification verifying their ownership of it.
- There shouldn’t be any liens on the vehicle.
If the aforementioned requirements are satisfied, any auto title loans, including semi truck title loans, can be issued in a matter of hours! Borrowers typically need to submit a brief application with information about their name, address, social security number, and family.
Traditional lending was once seen to be the best way to get a loan and use it effectively in the event of a financial emergency or personal necessity.
On the other side, the length of time required to submit and authorize a loan never delighted borrowers. This drawn-out process negated the purpose of getting a loan in the first place, especially because time was of the essence. Semi truck title loans solve these issues and give quick cash without any documentation hassles.
For more details, visit now. https://1stcapitaltitleloans.com/
by nedrah | Sep 8, 2022 | 18 Wheeler Title Loans, Title Loans
A Commercial truck title loan is a short-term loan that is secured. It utilizes the title of the truck as collateral and provides working capital for the business. The Title loan amount depends on the age of the vehicle and overall credit.
The Title loans can be secured from the bank, registered finance companies, and the manufacturer of the vehicle.
Requirements for securing the Title loans
The loan applicant should have the following
- Truck title along with the proof of residence.
- A valid Id viz. Proof of insurance, Driving license, photograph and a proforma invoice of the vehicle.
- Proof of income tax return, Fixed deposits, and running bank account details (preferably for a year) to show the ability to repay the loan.
- Read the terms and conditions of the lender thoroughly.
Sanctioning of the Title loan and EMI of the loan depends on the credit score of the person that should be at least 600. The signatures of at least two guarantors may be required by the lender to sanction the loan. The Commercial Truck Title Loans lender holds the title of the truck until the payments of the debts. If one fails to meet the loan obligation, the lender could seize the vehicle.
The Title loan allows the truck owner to drive the rig and eventually continue to run the business during the repayment period. Thus, an easy cash flow allows the person to run his business effortlessly.
For more details, visit the website today. https://1stcapitaltitleloans.com/
