MISSOURI TITLE LOANS
WITH QUICK PRE-APPROVAL

Online Car Title Loans In Missouri – What’s Required

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

The requirements for a car title loan 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 you must sign over the pink slip to your lender 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 over the phone at 800-250-6279 to determine how much you can borrow with your car or truck as collateral. Missouri is a large state with many national and local title loan companies offering different rates and terms. However, under RSMo § 367.512, lending regulations state the minimum repayment term for a title loan is 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. Another important regulatory note: Per RSMo § 408.505, for all title loans and their renewals, customers will never be required to pay a total of accumulated interest and fees exceeding 75% of their initial loan amount.

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 title loan lender in St Louis, and most licensed companies can process your loan as quickly as you send them 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 completed and the contract is signed, you can have the money sent by 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

The vast majority of 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 is not always a significant concern for underwriters; most will only verify that you have a lien free car title, proof of income, and a valid photo ID. Eligible borrowers can often get pre-approved with a funding decision just hours later, which means you may be able to pick up the cash in person within one business day if you’re looking for a title loan based on your vehicle’s collateral.

You can apply for pre-approval online with Premier Title Loans from anywhere in Missouri. Although a good credit score is not required, you may be asked to provide proof of monthly income or other ways to verify your income. Those with poor credit and a verifiable employment history may want to obtain multiple lending quotes and offers. You’ll likely get some decent loan offers and can compare the best title loan offers. Even with a poor FICO score, you can still pre-qualify for a title loan in Missouri, and that’s because your car is all the collateral you need. Your credit score is much less necessary!

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 loan amount for title loans.

Local lenders in Jefferson City, Branson, and other cities in Missouri are limited by regulations that restrict the loan amount, interest rates, and early payment options. These restrictions change frequently, so it’s best to stay up to date on current lending laws and only take out a titleloan from a company with an active lending license in Missouri.

3 Benefits To Think About With A Missouri Car Title Loan

• Besides the fact that these loans may be the last source of cash for someone with bad credit, you can also count on fast funding once approved, with money available as soon as one 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 car title loan and get a better interest rate or more favorable repayment terms. Yes, the APR is high with a car title loan, but by refinancing, you can save thousands by paying off your loan quicker and avoid repossession if you can’t afford the payments.
• Most title loan companies in Missouri allow you to keep the keys to your vehicle while you make payments on a title loan. 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 is the security for your loan, and you can drive your vehicle as you please.

Are you ready to see how much money you can get using your vehicle as collateral? Apply now with Premier Title Loans, and you’ll receive a quick, no-obligation pre-qualification notification! Complete our online application or call 800-250-6279 to borrow much-needed cash with a car title loan in Missouri!