Nobody can deny the facts that title loan are extremely quick and easy way to get the cash fast in times of financial emergencies. This is the reason these loans have become so popular and title lenders keep so busy throughout the year. If you are also considering auto title loan in Clover to meet your financial needs and what to know more about title loan requirements then continue reading.
Here are a few key and important title loan requirements that you must know when applying for these loans.
- You must be 18 years or older: It is one of the most important requirements of car title loans. The lender must be at least 18 years old in order to apply for these loans. If you are not 18 then you can’t get cash using your car’s title as collateral.
- You must own the title of your car: If you have a car and you own its clear title, then you can apply for these loans. It is a key requirement. When applying for these loans, you have to submit a hard copy of the title to the lender. Nevertheless, you can keep driving your car. Some lenders also ask the lender to submit a set of keys.
- The value of your car must be $10, 000 or more: The value of your car plays an important role in deciding the amount you can get on your car’s title. The higher the value of your car, the higher the amount you can take as loan. So, if your car has nice mileage and model, make and year are quite new then you can take any amount from $600 to $10, 000.
- A few documents are necessary: For the paper work you need to have a few documents. The paper work is simple. All you need is some simple and basic documents like driver’s license, proof of residence, proof of income, and yes title of your car. So, if you were worried that how do title loans work then there is nothing to be worried about, because everything from paper work to approval is easy and simple.
So, when applying for these loans, make sure you meet these requirements. If you have any confusion or queries then you can also get in contact with the title lender to get answers to your questions and know even the simple and basic details. Or you can apply online to find out about the loan approval. To know more about Title Loans in Clover Contact us with below details.
Mon-Fri: 9AM – 6PM & Sat: 9AM – 1PM
Loans subject to our most liberal credit policies which may change from time to time without notice.