ONLINE TITLE
LOANS IN ARLINGTON

Finding a decent lender in Arlington is easy for everyone with good credit. Finding a lender that offers the best payoff terms on bad credit title loans and APR will take a bit more work, but it will pay off with your loan savings. Even the best secured lenders are flexible regarding your loan amount and interest, so you should first know how these online title loans work and what you need to get good terms with the best lenders.

Title loans are a real option in Arlington, and you can borrow $2,000 or more without a lengthy credit check. Most newer cars qualify for a loan based on 60% of your vehicle’s value, and it only takes a few hours to underwrite and fund your loan. Call Texas Title Loans at 844-243-3195 or apply online for a real-time lending quote in Texas today!

How Do Title Loans Work In Arlington Texas

When you take out a car title loan, you are borrowing against the resale value of your vehicle. Most newer cars that are titled in your name will qualify, and you can get a lending estimate with just the vehicle’s value and your requested loan amount. After approval for a title loan in Arlington, you will hand the pink slip to the lender as collateral. They hold this for the entire lending term, but you can still drive your car while making payments. You can’t take out any other secured loans when you have an active title loan, and you now have to make monthly payments to pay down the amount borrowed.

You can pay off the total amount at any time or according to the fixed payments, and you will get the title back when you have satisfied the loan obligation. Do you want to repay your loan quicker or lower the interest rate on an existing title loan from a lender in Arlington? Texas Title Loans also offers refinancing for title loans as long as you’ve made three payments to your current lender. Apply with us online to see how much we can reduce your APR or get you a quicker payoff term!

Requirements for Car Title Loans in Arlington TX

The vehicle’s current resale value determines the amount of money you can borrow. While the requirements vary, you should be approved quickly, assuming you have a paid-off vehicle and income verification. Funding amounts vary, but most online title loans offered to Arlington, TX, residents are for between $2,000 and $20,000. Your vehicle has to be free from liens or other loans with a clear title, and it should be worth at least $5,000. You must have a valid driver’s license with no suspensions or revocations to apply for same day funding.

You must also have a bank account to make monthly loan payments with direct deposit. A checking account is also handy to get the loan proceeds quickly. Some companies will let you pick up the cash in person at any location in Tarrant County. This convenience makes getting cash or money orders that same day easy. Most Texas lenders will transfer the money to your bank account within one business day.

Monthly Payments & Interest Rates With A Car Title Loan In Arlington Texas

Monthly payments always depend on your loan amount and can range from $200 to $1,000 for some high value title loans. While interest rates are high with a title loan in Texas, there’s no pre-payment penalty, so you can repay the loan early without a penalty while significantly reducing the interest you pay. Typically, borrowers can expect to pay anywhere from $15 for every $100 borrowed and up to 150% APR (interest rate). Some companies in Arlington may offer lower interest rates, and Texas Title Loans will contact multiple lenders to get you the lowest APR possible!

A typical loan offered to a borrower in Arlington will last six months to 4 years. Many customers feel these rates and monthly payments are reasonable given they’re using their car title as collateral and the loan underwriting process does not involve a regular credit check. Bad credit will not lead to a denial, and many customers with sufficient equity in the vehicle will not be subject to a credit check.

Other Benefits That Come With Online Secured Loans In Arlington Texas

Loans offered in Arlington can be used to pay down high interest credit cards or for any emergency expense. While most credit cards and unsecured loans have interest rates under 40%, some installment loans have high APRs, and a secured title loan can be a real lifesaver in reducing your interest charges. Living in Tarrant County is expensive, so these secured loans are outstanding for borrowers who can’t qualify for unsecured personal loans.

Another benefit of title loans is that you can keep driving your car or truck while making the monthly payments. Add your lender as a lienholder to the car’s title, and you won’t have to hand over the keys to your lender. Make the monthly payments on time each month and your lender will get you the pink slip back around 30 days after the loan has been fully repaid.

Apply For An Auto Title Loan In Arlington

An auto or truck truck title loan can be a great alternative to payday loans that only get you a few hundred dollars and take days to underwrite and fund. A title loan is based on the equity in your vehicle, meaning funding amounts of $2,000 or more in Arlington with no credit checks and fast processing in 24 hours or less.

Complete our online form pre-approval or contact Texas Title Loans at 844-243-3195 to start your application!

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