(800) 250-6279GET EMERGENCY CASH WITH AN AUTO TITLE LOAN IN PHOENIX
Apply online using the form below or call us at 800-250-6279
ONLINE TITLE LOANS WITH QUICK PRE-APPROVAL IN PHOENIX!
Are you interested in getting a title loan in Phoenix without having to visit a local lending location? Premier Title Loans can get you approved for emergency cash, and best of all you may be able to complete the pre-approval process entirely online!
Title Loans In Phoenix – How They Work
Do you need a loan but keep getting denied? Premier Title Loans offers online pre-approval for title loans in Phoenix. A title loan lets you use the equity in your paid-off car as collateral for a secured loan, and these offers are popular in Phoenix. These equity loans come with advantages and drawbacks. Benefits include the fact that you can get funding quickly, often in as little as one business day, and you don’t need perfect credit to qualify. The main disadvantage is that you could lose your car if you default on the loan, and the high interest rates make it tough to pay it off if you only pay the minimum each month.
To apply for title loans in Phoenix with Premier Title Loans, you must be aware of the requirements to pre-qualify and get approved. Again, we are not saying this information is standard with every vehicle equity lender in PHX. But for the most part, you can expect the following requirements when applying online or in person with a company in Maricopa County.
Lending Requirements For A Car Title Loan In Phoenix
Applying for a title loan is as simple as long as you can show proof of a paid-off vehicle. The car’s title is the primary requirement because it serves as security for a typical collateral loan. You’ll need to provide proof of income, typically through bank statements, pay stubs, or Social Security earnings.
Premier Title Loans offers online pre-approval and connects you with licensed lenders in Phoenix. While we’re not a direct lender in Arizona, we handle the application and pre-approval process and can connect you with a licensed direct lender in Phoenix to fund your loan. This means we need you to have all the necessary documents ready to submit. In addition to the car title, government-issued ID, and proof of income, you may need to show proof that your car is insured and registered in AZ. You will likely need to bring your vehicle in for an inspection to confirm it’s in good working order and has the proper mileage. There are numerous inspection locations in the Biltmore District and throughout Downtown Phoenix, so you should have no trouble completing this task quickly. The inspection typically occurs before you sign the final loan docs and pick up your cash.
Auto Title Loan In Phoenix With Bad Credit
If you have bad credit, you may think your only option for borrowing money is a payday lender, but a title loan is a welcome alternative. Instead of focusing on your FICO score, we consider your vehicle’s equity and your ability to repay the loan. While secured loans have minimal credit requirements, they can still be tough to get if you’re in bankruptcy or dealing with a repossession from another lender.
Interest rates on title loans in Arizona are regulated under the Motor Vehicle Time Sales Disclosure Act (A.R.S. § 44-281 et seq.) and are capped on a tiered basis. These tiered caps mean your rate decreases as you borrow a larger amount. Listed below are the current interest rate caps for title loans in Phoenix:
- $500 or less: Maximum monthly rate of 17% (204% APR)
- $501 to $2,500: Maximum monthly rate of 15% (180% APR)
- $2,501 to $5,000: Maximum monthly rate of 13% (156% APR)
- Over $5,000: Maximum monthly rate of 10% (120% APR)
Another way to borrow money in Arizona using your vehicle is to take out a registration loan. These loans are well-suited for someone with bad credit, as there are limited credit checks, and best of all, you don’t need a lien-free car title to get pre-approved. Your car’s registration details serve as collateral, and these loans are available to anyone in Phoenix who needs to borrow $100 or more.
Refinancing Options With A Title Loan
Online title loans with no in-store visit or registration loans have been offered throughout the Phoenix metropolitan area for years, and many residents have existing loans with interest rates that make repayment difficult. Most people don’t know they can refinance their loan to a lower APR and get a shorter repayment term with lower monthly payments. Premier Title Loans offers access to refinancing and buyouts for online title loans and registration loans in Phoenix, and you can get new loan terms with a payment term that pays down your balance quicker. Gather your loan documents and current income statements, and call us to see how much you can save with new terms for your loan!
Premier Title Loans In Phoenix
Premier Title Loans has you covered when you’re ready to apply for an online title loan in Arizona. We work with direct lenders throughout Phoenix, and some of our network companies can underwrite and fund title loans in 1 business day or less.
Apply online on our website or call 800-250-6279, and we’ll provide a no-obligation quote in less than 15 minutes detailing your estimated loan amount, payment options, and interest rate. From there, you can wrap up the vehicle inspection and document signing in person with your local title loan company in Phoenix.