Title Loans El Mirage, Arizona
Title loans in El Mirage are secured loans that use the title from a car or truck that you own as collateral. These are low-risk loans, which means that requirements are low, approval rates are high and most loans process in minutes and few applications extend beyond 15. A title loan also gives you options, such as borrowing just what you need, choosing a loan period that suits you and even having the option to repay your loan early so that you can minimize how much the loan costs you in the end.
Title registration loans are quite different than the kind of loans that are available at your local banks, such as Sun Bank on West Thunderbird Road and U.S. Bank on West Waddell Road. Sure, they offer personal loans, and if you have excellent credit, you may even be able to get the loan fast. But these banks have high requirements for loan profitability. That means that your minimum borrow amount can be $5K or more and you may have to agree to a term of 180 days without an early repayment option.
Title Loans El Mirage: Your Online Options
Applying for online title loans through a website like Platinum Lending is usually your most convenient option. The process can take just seconds. You can handle it all from the comfort of your own home, and you can even finalize the loan online in many cases. To apply:
- Navigate to the Platinum Lending website
- Click Apply and then Car
- Enter the year, make, model and style
- Fill in the estimated mileage
- Provide your name, number, email and zip code
- Indicate that you have read the agreement
- Click Submit to finish the process
Getting title loans in El Mirage online really is that easy. The website will immediately provide you with a loan quote. If you choose to proceed further, you’ll be contacted by a loan representative at your convenience. The specialist can help you with all aspects of finalizing your loan, and you should feel free to ask them any questions or share with them any concerns that you may have.
How Arizona Regulates Auto Title Loans
Title loans in Phoenix and throughout Arizona are monitored by the Arizona Department of Financial Institutions. If you have any questions or a problem, feel free to contact this agency. When you secure title loans in El Mirage, you can be confident that the lender is licensed by the DFI. In addition to licensing and monitoring these lenders, the state has a number of laws in place to protect your interests. These regulations outline the information a lender must provide you and also restrict interest rates, fees, terms, renewals and so forth.
Why a Title Loan May Be Your Best Option
If you need cash in hand fast and with minimum hassle, then you’ll be hard pressed to find a better option than title loans in El Mirage. Sure, there are payday loans and other short-term alternatives, but these will usually cost you a lot more in the end. Bank loans are an option too but not without hassles and lofty requirements. Even if you have bad credit, bad credit title loans are an option, and so are loans for people with no credit and bankruptcies. Lenders also don’t perform background checks and income verifications, so as long as your 18 and own your vehicle, you’re good to go.