Title Loan Interest Rate Calculator
You can prepare for most emergencies and have a solid backup plan in case things go wrong, but one major unexpected emergency can send you into financial chaos. Sometimes you just can’t predict when your car is going to break down, or your friend will need bail money, or when your pet will break his leg. Title loans give you the money you need to make sure you are ready to meet all of life’s money emergencies.
What are Title Loans?
Title loans allow you to use the title to your car, truck or motorcycle to borrow money. You can borrow between $500 and $10,000 as long as you have a clean title to a car that you own. Title loans are easy to get approved for, and many borrowers find they are the best way to get money in a hurry. With a title loan, you can get your cash in as little as 24 hours, with many borrowers getting them in less time than that.
Title loans differ from other short term loans in several ways. First, you can have a negative credit score and still get a loan since the title of your car serves as collateral. Secondly, the average title loan interest rate is lower than that of other types of loans, and you may find the repayment terms more flexible. Finally, title loans allow you to borrow based on the value of your car. This means that if you have a higher value car, you can get more cash—something that you don’t get with other types of short term loans. The average interest rate on car title loans is less than that of other short term and payday lenders, and you pay back less overall with title loans.
How to Get Approved for Title Loans
Getting approved for title loans is easy. First, you fill out a short application that simply asks about you, your car and your sources of income. It is important that you fill this out in its entirety to speed up the process. Secondly, we ask for information about your car. You will tell us the make, model and mileage of your car, as well as its condition. You can use the title loan interest rate calculator to see exactly how much you can borrow and what amount you will repay. Many borrowers are surprised to learn that they qualify for more than they expected.
When you have calculated the payments using the title loan interest rate calculator, we will send your information to our team of lenders who are standing by with cash ready to loan. These lenders will send you customized quotes, offering you top dollar in exchange for your car’s title. You will have the opportunity to review each quote and choose the one that works for you. The entire process takes less than an hour, and you are well on your way to getting cash in a flash.
After you have accepted your loan terms, one of our friendly representatives will call you to finalize your application. After you have finished the application, you will simply wait for cash to appear in your checking account in just a few hours?
Why Title Loans Instead of Other Loans?
Qualifying for a bank loan can be nearly impossible, even for borrowers with good credit. Banks often require high value assets or co-signers in order to grant loans. They also require you to fill out long applications and wait days or even weeks for your money. The average title loan interest rate is slightly higher than that of traditional banks, but you will receive money in hours instead of days. Borrowing money from friends and family is dicey, and most people don’t want to set up online giving accounts to ask for money from strangers. When you apply for title loans, nobody knows but you.
Why Velocity Cash?
Velocity Cash is the leader in title loan lending, and we help borrowers get their cash every day. With our title loan interest rate calculator, you know exactly how much you will pay for your loan. There are no surprises or hidden fees. We follow all state regulations for title loans and we will provide you with all of the disclosures you need for your loan. You will be able to review all of the terms of your loan before you sign anything.
When you need cash for your unexpected money emergency, Velocity Cash has the money you need. Find a title lender who is waiting to lend you top dollar today.