(800) 250-6279SAME DAY FUNDING WITH A RICHMOND CAR TITLE LOAN
Apply with Premier Title Loans using the form below or call us at 800-250-6279!
CAR TITLE LOANS IN RICHMOND VA WITH FAST APPROVAL!
Borrow up to $25,000 with a car title loan in Richmond, VA. These loans are secured by the equity in your vehicle and anyone with a lien free car or truck can qualify. You don't need perfect credit and your cash can be sent by direct deposit within 24 hours of approval!
5What To Know About Car Title Loans In Richmond, VA
Car title loans have been a lending option in VA for years, and now it’s easier than ever to cash out equity from your vehicle! With these loans, there’s little need for a decent credit score, as your car is used as collateral and most newer vehicles valued at $4,000 or more will qualify for a title loan.
Borrow up to $25,000 by tapping into your vehicle’s equity, and your loan can be repaid over six months to four years. You can apply online with Premier Title Loans online or by calling 800-250-6279 and expect a funding decision within one business day!
Title Loan Requirements In Richmond
It doesn’t matter if you apply online or in person for a title loan; the requirements will remain the same as all title loans use a vehicle to secure the loan. Your car or truck used as collateral must be paid off, and the pink slip must show you as the sole owner. There can’t be any lienholders on the title, and you must also provide proof that you can repay the loan. This proof can be with pay stubs or documents from your job showing active employment. Some lenders in Richmond will want proof of vehicle registration from the Virginia DMV and valid insurance coverage for your vehicle, and you may need to show proof of a recent smog inspection within the past 2 years.
For loan amounts over $2,000, you will likely need to take your vehicle for an inspection so the lender can confirm its value and ensure it runs with no mechanical issues. They will take photos of the car and secure the VIN and odometer readings. From start to finish, the underwriting and inspection should take less than 2 hours. After that, you’ll get a final loan estimate, and you can be on your way to getting cash for your lien-free vehicle!
What Are The Interest Rates For Car Title Loans In Richmond, VA?
Interest rates for car title loans in Richmond vary depending on the lender and your vehicle’s resale value, but they are typically higher than you’d see from a bank lender. The APR for a title loan can be nearly 75%, but some lenders charge well over 100%. These rates are high because title loan companies don’t require excellent credit but instead focus on your vehicle’s collateral. There’s risk for a lender that doesn’t check credit and that’s a big
Some companies will negotiate with you to lower the APR after you make several payments. Contact your lender monthly to see if they can renegotiate or refinance your lending terms with an improved APR.
The Online Application Process For A Richmond Title Loan
Once you have all the necessary documents, you can apply online with Premier Title Loans. Our online application is streamlined to get you underwritten quickly with only three quick steps to get a pre-approval lending decision.
- Complete our online form with your vehicle information and provide some contact details. We don’t need to know much about your vehicle, other than it’s make, model, mileage, and year.
- Present your car or truck for an inspection, and in some cases, this can be done with a phone or camera to avoid an in-person inspection at a lending location in Richmond. We only need clear videos and pictures of your vehicle showing it’s current mechanical and cosmetic state.
- Review your lending details, send in a few documents confirming you own the vehicle and can afford the monthly payments, and you’ll be right on your way to getting cash for your vehicle’s title! Money can be transferred by direct deposit to your bank account within one business day!
Apply Now For An Online Car Title Loan In Richmond, VA, With No Store Visit
A car title loan can be helpful for anyone who can’t get approved for a conventional personal loan. Not only can you borrow more than $2,000, but you can also get a loan that doesn’t rely on your FICO score! At Premier Title Loans, we work with several direct lenders in Richmond who can get you qualified and approved for a title loan within a few hours, and that means same-day funding through direct deposit if you send in all the documents before 2 pm EST. Apply online or call 800-250-6279 to start your application!