MISSOURI TITLE LOANS
WITH QUICK PRE-APPROVAL

Online Car Title Loans In Missouri – What’s Required

If you’re looking for quick cash, consider a title loan that uses your car as collateral. Premier Title Loans offers online pre-approval for loans on paid-off vehicles in Missouri, with funding amounts determined by your vehicle’s value and employment status. Secured loans can be a real lifesaver for Missouri borrowers struggling to get a bank loan, and funds are available based on your vehicle’s equity. These secured loans are often available for borrowers with bad credit; you don’t need excellent credit to qualify.

The requirements are simple and easy to understand for anyone who owns a lien-free vehicle. Your car’s title can’t have any liens or cosigners, and your lender is added as a lienholder once the loan is approved. You also need to verify your income, provide proof of registration, and, for some companies, provide valid car insurance coverage. While it’s not always required, some local lenders require a GPS tracking device on your vehicle, and you may not be allowed to take the car outside of that state for the life of the loan.

Keep driving your vehicle with a Missouri title loan, and qualified borrowers can typically borrow 30% or more of their vehicle’s resale value with their first application.

Apply For A Title Loan In Missouri

Apply with Premier Title Loans online or by phone at 800-250-6279 to see how much you can borrow using your car, SUV, or truck as collateral. Missouri is a large state with many national and local companies offering different rates and terms. However, under RSMo § 367.512, lending regulations require a minimum repayment term of 30 days. If you choose to renew your loan, Missouri law requires a 10% reduction in your principal balance on the 3rd renewal and each subsequent renewal. That way, you won’t get stuck in an endless cycle of renewals, and your loan balance will gradually be reduced.

Customers in Missouri with a newer, paid-off vehicle can apply online and, once pre-approved, complete their inspection with a lender in Kansas City or anywhere else in the state. You won’t need to drive far to find a licensed lender in St. Louis, and most can process your loan as soon as you send the required documents.

The vehicle inspection can be completed locally, and some companies will even send an agent to your home or business to look over the car before you review the contract. After the inspection is complete and the contract is signed, you can have the payment sent via ACH to your bank account or pick up a check at locations throughout the state.

Do I Need Good Credit Or Proof Of Income For Car Title Loans In Missouri

Most Missouri vehicle title loan lenders don’t run credit checks, or they won’t look past the main checkpoints of your credit score. Bad credit isn’t always a major concern for underwriters; most will only verify a lien-free car title, proof of income, and a valid photo ID. Eligible borrowers can often get pre-approved with a funding decision within hours, so you may be able to pick up the cash in person within one business day if you’re looking for a loan secured by your vehicle’s collateral.

You can apply for pre-approval online with Premier Title Loans from anywhere in Missouri. Although a good credit score isn’t required, you may be asked to provide proof of monthly income or other ways to verify it. Those with poor credit and a verifiable employment history may want to obtain multiple lending quotes and offers. You’ll likely get decent loan offers to compare. Even with a poor FICO score, you can still pre-qualify in Missouri because your car serves as collateral. Your credit score matters much less.

Title Loan Funding Amounts In Missouri

Loan amounts vary based on your lender’s requirements and vehicle value. Missouri lending laws don’t set a maximum funding amount for vehicle-secured loans.

Stay up to date on current lending laws and only take out a loan from a company with an active lending license in Missouri.

3 Benefits To Think About With A Missouri Car Title Loan

• Besides being the last source of cash for someone with bad credit, these loans offer fast funding once approved, with funds available as soon as 1 business day. You may also be able to pick up your cash if you live near a financing location that offers money orders or cash pickup services.
• After a few months of payments, you can refinance your loan and get a better interest rate or more favorable repayment terms. Yes, the APR is high with a vehicle-secured loan, but refinancing can save you thousands by helping you pay off your loan faster and avoid repossession if you can’t afford the payments.
• Most companies in Missouri allow you to keep the keys to your vehicle while you make payments. That means you don’t need to treat a title loan like a title pawn, and you don’t need to hand over the vehicle as collateral. Instead, your car’s title secures your loan, and you can drive your vehicle as you please.

Ready to see how much you can get using your vehicle as collateral? Apply now with Premier Title Loans to receive a quick, no-obligation pre-qualification notification. Complete our online application or call 800-250-6279 to borrow the cash you need with a Missouri car title loan.