QUICK PRE-APPROVAL TITLE
LOANS IN ILLINOIS!

Everything To Know About Illinois Title Loans

Do you live in Illinois and need fast cash for unexpected expenses? Or are you looking for more money than you’d ever get from an unsecured lender that requires really good credit? Premier Title Loans makes getting pre-approved for online title loans easy when you need them most! The main requirements for a vehicle title are a paid-off car and proof of income. You don’t need excellent credit to get a secured loan, and some customers can borrow $1,000 or more with their lien free car serving as collateral!

Start by filling out our easy online application or call us at 800-250-6279; you can get pre-qualified quickly and cash out a percentage of your car, truck, or motorcycle’s resale value. Qualified borrowers in Illinois can use the equity from their vehicle to get cash as soon as one business day!

How To Get Approved For Online Title Loans in Illinois?

Applying for an online title loan with Premier Title Loans has never been easier. All it takes are basic details of your auto title, proof of income, and ID to pre-qualify for a title loan in Illinois! Once you submit your information, we can start the process to get you approved and underwritten for an online title loan today!

We can also assist you if you need to locate a missing driver’s license or vehicle paperwork. Anyone in the greater Chicago area can apply for a car title loan online and follow up in person at any of a handful of locations throughout the city. You can begin the paperwork process and contact the Illinois Secretary of State’s Motor Vehicles Division to locate a missing car title or obtain an updated ID. The pre-approval process for a title loan in Illinois takes only a few minutes, and we’ll provide you with an initial estimate of your interest rate and payment options.

Requirements For Auto Title Loans In Illinois

Besides having a paid off vehicle title and current ID, you will need a steady income source with verifiable employment records. Most applicants can prove their income with a W2 from a previous job or business and the last month’s bank statements. You may also need proof of registration and evidence that your vehicle is insured for its full replacement value.

Any licensed title loan company in Illinois will want to inspect the car. This can be done at any Chicago walk-in location or in Quincy or Aurora, IL. In some situations, you can have a certified vehicle inspector visit your place of employment or residence to finalize the inspection. Title loans are typically tough to get approval for in Illinois, as the state has some of the strictest lending regulations in the country (as of 2021, title loan interest rates are capped at 36%). With that, the team at Premier Title Loans will do our best to find you a licensed local lender who can provide you with the highest amount for the equity in your car or truck.

Can I Get A Title Loan in Chicago, Illinois, If I Have Bad Credit

Of course! Title loans without a comprehensive credit check are the main selling point of using your vehicle as collateral for a loan! Many of our customers are looking for bad credit title loans and still qualify for a secured loan in Chicago, IL. We offer pre-approval for competitive rates and require minimal documentation to apply online or in person. If you have multiple repossessions, charged off accounts, or ongoing bankruptcy proceedings, that could be an issue. However, you may qualify with just a co-signer if your credit is poor, or you can opt for a lower loan amount.

Call Premier Title Loans at 800-250-6279 from anywhere in Illinois, and we’ll get you a quote for an online title loan today!

Apply For A Title Loan Online In Illinois Or With A Local Lender

Checking the price and terms with a title lender near you in Illinois can take much longer, so our online application may be the best option! On the other hand, some people prefer to meet with a lender in person, and fortunately, you have numerous options in Illinois. Of course, the City of Chicago has dozens of pawn shops and local title lender services where you can walk in and apply. Naperville and Joliet also have physical lending offices that take in person applications.

Get Quotes From Multiple Lenders In Illinois

Are you seeking the lowest interest rate or the shortest payoff term with a title loan in Illinois? Premier Title Loans offers a no obligation title loan calculator where you can estimate your interest rates and evaluate different payment options to fit your budget. It only takes a few minutes to get a quote and you can use our payment breakdown to find a local company in Illinois offering the best payment options for your vehicle’s resale value.

Not all title loan quotes are created equal! That’s why you should compare at least three lenders and choose the best quote for your budget. Don’t simply choose a title loan company offering the lowest monthly payment. Partner with a company in Illinois that has the best track record of serving satisfied customers and select a lender based on their transparency and customer service.

When Do I Have To Repay A Title Loan In Illinois

Regarding the total repayment period for your loan, there are no set minimum or maximum regulations for title loan repayment terms in Illinois, but some lenders will typically give you 48 months to repay the entire balance. One thing to note is that Illinois lending regulations require payments to be structured with substantially equal installments, and your monthly payment cannot exceed 22.5% of your gross monthly income.

Do you already have a title loan from a licensed lender in Illinois? Premier Title Loans may be able to connect you with a lender that will reduce your APR with a quick approval refinance, and they can also possibly reduce your repayment term. It takes less than 10 minutes to determine how much you can save by refinancing your loan!

Tell Me, How Can I Apply Today For An Illinois Title Loan?

It’s easier than you think to apply online with Premier Title Loans. Applicants in Chicago, IL, can get a pre-approval today or call us at 800-250-6279.