Title Loans in Gilbert Arizona
Financial assistance is never a bad thing, and for most of us, getting extra cash never hurt. Title loans in Phoenix can offer residences of Gilbert that aid for as little as your vehicle title. When you exchange your vehicle title, you can get up to $25,000! If you only have your registration, you can also apply for registration loans instead! This loan has a cap at $1,500 however. In addition, if you already have a lien on your vehicle title, you can still get title loans in Gilbert for up to $500. To get more information about these types of loans, simply apply with us today!
Difference Between Title Loans and Registration Loans
When it comes to having the title of an object, you have to be the unquestioned owner of that asset. This means that you have completed making the payments necessary to own your vehicle, in example: car payments. This is why these borrowers are allowed to borrow more. On the other hand, registration loans are available if you need extra assistance but you do not fully own your vehicle. Other than the amount you receive, the stipulations when it comes to paying it off are the same.
You must be at least 18 years old or older to apply. Other than that, title loans in Gilbert are easy to acquire and can be obtained two different ways. No credit is necessary either, and since all credit types are welcome our lenders may not even need to run your credit!
Moreover, you can apply for online title loans on Platinum Lending’s website. The second is by applying over the phone. When you apply, you will be asked some basic information such as your name, contact number, zip code, and your vehicle information such as the make, model, year, style and approximate mileage is. After this submission you will receive a phone consultation if you applied online from one our loan agents. They will let you know if you are approved or not, the estimate of the loan you receive, and the location of one of our trusted title loan lenders.
You may also be required to bring documents and items such as:
- Photo ID
Driver’s License or State ID
- Proof of income
Up to date bank statements or pay stubs
- Proof of insurance
Full coverage insurance for some borrowers who receive a loan that is greater than or equal to $2,500
This is needed for a final inspection to complete the transaction. More often than not, the condition of your vehicle is also a factor when it comes to the loan you receive. If your vehicle is damaged, or if it has any previous history of auto collision your loan amount may be appropriately adjusted
Title loans in Gilbert are easy to get but are also regulated by the state. Our trusted lenders must be licensed to operate in Arizona, and each applicant is treated equally regardless of their occupation, income level, or education.
When it comes to paying off your loan, you have 30 days after you receive the assistance to pay it back. You also have the option to pay off the loan earlier than that maturity date. If you have fully paid it off before the date, the lender is not allowed to charge you any additional interest.