Title Loans in Smyrna, Tennessee
Title loans will be available to the residents of Smyrna and neighboring Murfreesboro who need fast cash due to unforeseen expenses. When compared to other personal loan alternatives, our lenders are quicker to respond and give approval, provide loan estimates, and get you the emergency loan that same day! All you need to apply is to be 18 years old or older, and be the owner of a clear and lien-free vehicle title. There may be other title loan lenders out there, but let us get you the best lender with competitive rates today! To receive more information about Tennessee title loans and how they can help you, apply with us now.
Starting the Title Loan Process
You can apply for a title loan whenever and wherever you are! If you are using your mobile phone, you can access our website and application, or you can choose to call our hotlines. Since our offices are open every single day, you are able to get an approval and response within 24 hours after you apply.
It is really that simple to apply, by giving us some basic information such as a contact name, phone number, vehicle make, year, model, mileage and style, we will be able to get back to you with a title loan estimate and lender location!
How do you calculate the loan amount?
When it comes to title loans, the vehicle value is what matters the most. We use several online appraisal sites to determine the loan that is appropriate to the state criteria as well. They will also consider the borrower’s ability to repay the loan. The most you can get for a loan in Tennessee is $2,500, and the lowest interest rates are going to be guaranteed by our certified lenders!
Additional Items to Gather
- Photo ID—
- Driver’s License or State ID
- Proof of income—
- Bank statements or pay stubs
- Proof of residence—
- Utility bill or any type of government mail
- Will be needed for a quick inspection. The current condition of your vehicle can affect the current market price so any damages will alter the loan you are given. However, you do not need to worry about your vehicle being kept at the loan site since the lender will only hold onto your vehicle title.
How Does It Work?
The lender will exchange a loan amount in form of cash, check or money order for your vehicle title. They will place a lien on the title, which just lets others know that there is still money owed on your car, and will remove it after the maturity date, as long as you have completed the payments, or after you have paid it off if it was before the date given.
Renewing a Title Loan
You may not be able to pay the loan off within the 30 days given, so you seek to renew the loan. Renewals are restricted in Tennessee, and can only be done for an additional 30 days after the maturity date. Each applicant will be allowed renewal unless:
- The loan is completely paid off, which includes the amount, interest rates and service fees under the contract
- The borrower gives up both the title and the car voluntarily
- The lender’s policies prohibits an applicant from renewing the contract
- A default is declared on the title; meaning missed payments or late payments