If you’re looking for a quick and easy way to get some cash, an online title loan in Tennessee may be just what you need. In most cases, you don’t even need to go through the hassle of a credit check and you can get up to $10,000 for your paid off vehicle within one business day or less.
What’s Required For An Auto Title Loan In Tennessee
The requirements for a title loan in Tennessee are relatively simple. In order to qualify, you must be at least 18 years old and have a valid driver’s license or state identification card. You must also own the vehicle outright – meaning you have no liens or outstanding loans against it. And finally, your vehicle must be in good condition and have a clear title. Any licensed finance lender in Tennessee will also want to run some non traditional credit checks to make sure you have no past bankruptcies and no current online title loans with other companies.
What Kind Of Vehicle Can I Use For A Title Loan In TN And How Much Can I Get?
Almost any kind of vehicle or secured asset can be used for a title loan in Tennessee, including cars, trucks, motorcycles, RVs, and boats. The loan amount will often depend on the value of your vehicle, so it’s important to make sure you have an accurate estimate before applying. The vehicle will need to be in your name and it must be completely paid off. If you still own money to your lender you won’t have possession of the pink slip and that makes it hard to get Tennessee title loans.
The amount of money you can get with a title loan in Tennessee is going to be based on the vehicle’s resale value and that’s why it’s great to have a newer car with low mileage. In most cases, you can borrow up to 50% to 60% of that value. So if your car is worth $10,000, you could potentially borrow up to $6,000 with a title loan. Keep in mind that the amount you’re approved for will also depend on your financial history and your current employment status.
What At The Current Regulations For Tennessee Title Loans?
Tennessee title loans are legal and widely used throughout most of the state. However, there are some areas in TN with specific lending limits and various other restrictions . For instance, Sumner County is constantly changing their municipal codes that cover short term lenders and Davidson county which includes Nashville also has financing restrictions and regulations that cover what happens if your vehicle get’s repossessed because of missed payments.
How Does The Title Loan Process Work In Nashville Tennessee?
The process to get cash for your vehicle is simple and straightforward. Once you’ve found a licensed title lender in Tennessee and applied for a loan, the company will review your information and let you know how much you’re approved for. If you decide to go ahead with the loan, the money will be wired into your account within one business day or less. The friendly customer service staff at Premier Title Loans can process and underwrite your application for a title loan in Nashville quickly, often within a few hours.
Getting Your Money From A Vehicle Title Loan In Tennessee Straight To Your Account
If you are approved for a vehicle title loan, Premier Title Loans will wire your money straight to your account. Once the funds are in your account you can use them any way you’d like. You can use the cash for financial emergencies or pay off other loans, put the money towards groceries and utilities, or take it all as cash use it for some urgent expenses
Apply For A Car Title Loan Online Or From A Local Lender Near Me In Tennessee
Once you decide that a title loan is for you, the next step is to determine how you want to apply. Some people choose to fill out an application for a Premier Title Loan online. Others choose to apply in person at any number of locations in Tennessee. You can likely find dozens of lenders if you reside in larger metro areas like Nashville and Chattanooga. Other cities like Knoxville have fewer retail offices within the city limits, but there are multiple lenders within a short drive.
Whatever route you end up taking, keep in mind that Premier Title Loans is here to get your loan funded in Tennessee. We’re happy to help you apply online 24/7 or at any number of locations throughout the state. We work with multiple lenders in the area so we can often underwrite and fund your title loan within a few hours of receiving your information.