What Are Car Title Loans?
Care title loans are one of the easiest and quickest ways to get the funding you need by using your vehicle to secure the loan. This means that lenders use the value in your vehicle to determine the amount of your loan. Don’t worry, you will still be able to keep your car for personal use while making payments, but will need to transfer the vehicle title to the lender until the loan is paid off. When the loan is paid off, the lender will transfer the title back to the borrower’s name.
Why 1 Hour Title Loans Is More Reliable Than Traditional Banks
Traditional banks and credit unions come with long approval processes with stricter conditions that make it stressful and almost impossible to get the financing you need. Financial emergencies happen, and usually need to be covered quickly. Traditional banks are not reliable in these situations. When time is running against you, choose 1 Hour Car Title Loans. Our team offers quick financial solutions for borrowers under a time constraint, even if you have poor credit! We can pre-approve you within 15 minutes, which expedites the process of getting you the funds you need as quickly as possible.
How Much Money Can I Get?
The amount of your loan varies depending on the value of your vehicle. You can receive up to $50,000 in funding through a car title loan! Vehicles newer than 1999 are typically qualified for higher amounts.
What Can I Use The Loan For?
When you get a car title loan through 1 Hour Car Title Loans, there is no limit on how you can use your funds. Whether it is to cover an emergency home repair or a late utility bill, we can help you out of your current financial problem.
How Fast Can I Receive Money?
Our customers are able to get the money they need in as little as 24 hours. To speed this process up, you can prepare the required documents in advance, which will cust down on the processing time.
How Does Repayment Work?
We offer flexible loan repayment plans so that you can get the funding you need through a loan that is convenient and affordable. Payment plans can range anywhere from a few months, all the way up to 36 months. Additionally, we offer no prepayment penalties which means you can pay off your loan as early as you’d like.
Disclosure and Example of Title Loan Rate & Fees
Loan approval is subject to meeting the lender’s credit criteria, which may include providing acceptable property as collateral. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by consumer. The APR for 1 Hour Car Title Loans Auto title Loans is 30%-35.99% (varies based on credit requirements). Repayment terms are greater than 90 days and up to 60 months. Loan proceeds are intended primarily for personal, family and household purposes. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.
The following chart contain examples that illustrate the cost of a loan to the borrower. Please let us know if you have any questions or queries. We are happy to answer all questions and provide any additional information that you may need. Our process is completely transparent, ensuring that you are able to make an informed decision.
| Number of Months | Annual Percentage Rate (APR) |
Finance Charge | Amount Financed | Minimum Monthly Payment | Total of Payments |
|---|---|---|---|---|---|
| 12 (minimum) | 35.9056% | $535.44 | $2,615.00 | $256.60 | $3,150.44 |
| 24 | 35.9047% | $1,086.68 | $2,615.00 | $151.24 | $3,520.80 |
| 36 | 35.9520% | $1,692.37 | $2,615.00 | $117.70 | $4,307.37 |
| 48 (maximum) | 35.9450% | $2,345.14 | $2,615.00 | $101.91 | $4,960.14 |
- There are no penalties for making additional payments or prepayment.
- APR is calculated based on all installment periods being of equal length.
- Additional fees: California lien fee of $15.00 is financed. Prepaid Documentation Fee is $75.00 for loans $2,600 to $4,999 or 5% for loans $5,000 or more.
- Borrowers are considered qualified with a credit score of 690 or better, 2 plus years of employment and 3 plus years at their current address.
- 1 Hour Car Title Loans utilizes the FICO scoring method when credit score is a factor in determining customer credit worthiness.
- Minimum loan amount is $2,600.00.