Are there any chances that you are looking for a car title loan, and you do not know which company is the best car title provider? A car title loan is a type of loan, where you can use your vehicle such as a car, motorcycle, truck, etc. as collateral to borrow money.
So, if you are in a dire need of money all you need is your vehicle on which you can borrow money.
Not everyone can apply for a car title loan. For this, you have to be a car owner. Because here you will get a loan on behalf of your car. While applying for a car loan, what do you look for? Obviously, what they are offering you, isn’t it? You can analyze these companies and find what is a better option for you.
Here is a list of the 5 greatest title loans in 2023 where you can apply for the loan
The number one on our list is FastTitleLoans. This is an online agency where you can apply for a loan by just sitting comfortably on your couch. One important thing you need to keep in mind before applying is that FastTitleLoans is not a money lender. Their job is to connect borrowers to suitable lenders. They provide services in more than 30 states in the USA. With such a wide network, they have good relationships with lenders. The application procedure is very simple. All you have to do is to fill out a form from the website and click the button. You will then be connected to different lenders to get payday loans or any loans you want. Among these, you can choose the better option. And if you reach an agreement, the borrowed money will be transferred to you.
FastTitleLoans provides various types of loans such as pay-day loans, quick loans, personal loans, bad credit loans, short-term loans, same-day loans, and cash credit. Among them, you can choose the one which is suitable according to your needs. Fast Titles Loans ensure that you can get a loan as early as possible. And do not care about bad credit scores. If you have bad credit you will still get the loan. While taking a loan, about one thing you need to be careful of is that many lenders charge higher fees and interest rates. All in all, if you are planning for a car title loan, you can go for FastTitleLoans.
USTitleLoans come second on our list. USTitleLoans is a valid platform that connects borrowers to their suitable lenders. It makes it easier for borrowers to choose their suitable lender from the multiple options.
The types of loans they provide like a short-term loan, quick loan, same-day loan, payday loan, installment loan, bad credit loan, etc. ensures the borrower receives the money within a few hours. It means that they guarantee borrowers a quick process to get title loans within a few hours.
For applying, you have to fill out a form from the website, which hardly takes a few minutes. Where you will submit all your documents. Then you will be connected with numerous lenders and choose the suitable lender. After signing the agreement, you will get the borrowed money.
USTitleLoans guarantee to provide title loans up to $35,000.
USTitleLoans promises money within a few hours. It had a wide network of lenders in more than 30 states. But keep in mind if you are unable to repay the loan within the decided time period, then your vehicle will go to the lender.
Max Cash Title Loans
The number 3 in this list is bagged by Max Cash Title Loans. Max Cash Loans is a free platform that connects borrowers with loan lenders. It is an online platform. Once you sign in, you can see various loan lenders, who can offer you a loan according to your needs.
Do not mistake Max Cash Title Loans for loan lenders, as they help you to connect with the lender, who will give you the loan. For applying, you have to fill out a form, consisting of your car information like model, year of the model, current mileage, etc., and your information. Once the form is filled Max cash will estimate your car value and will give you an insight into the amount you will be getting.
After that, they will find you a suitable lender. Max cash ensures you provide title loans up to $100 million dollars. Features like free and quick and easy application, fair evaluation of cars, and transparency about rates make it one of the most trusted title loan providers. There is one drawback and that is its availability. It is not available in all states. Otherwise, this is a great choice for those who are applying for a car title loan.
The fourth position is held by LoanMart. Unlike all the other title loan companies mentioned above, Loan mart is a direct title loan provider. This means they are not connecting the borrowers to the lender but they are the ones who are lending. They have been providing loan since 2002 and has served over 250,000 clients.
Here you can apply for the loan without leaving your house as Loan Mart is an online platform. They guarantee to provide a loan within a few hours. For instance, if you fill out the online application by 12 pm. Then by 4 pm, the required money will be in your hand. Loan Mart provides loans from $1000-25000. And there is no pressure on repayment at a particular time. Loan Mart’s drawback is similar to that of Max cash in that it is not available in all states.
The fifth on the list is Loan Center. Just like Loan Mart, Loan Center is also a direct lender. It offers title loans at lower interest rates than the other companies. Loan Center is an online company. And you can apply for the title loan just by filling out a form from the website and the approval is done on the phone.
Moreover, during the duration of your loan. Loan centers do not take your car away.
Loan Center provides loans up to $50,000 that can be replayed for 48 months. Within this time period, you can pay the title loan, with no penalty. This is the biggest advantage you get if you apply for a title loan from a loan Center. The loan center is not available in all states. It provides services to eight states only.
How To Choose The Best Car Title Loan
While looking for a Car Title Company, what do you do first? Search the website and analyze it with others, read others’ reviews, and do a lot of research. There are a few things that should be done before applying for this type of loan.
- Ratings: The first thing we look at before applying for a title loan is their rating. The first criterion to judge any company is through its ratings. The higher rates the company has, the more trusted its work will be. A company with a good reputation, the best loan services, and customer-friendly terms is the most trusted.
- Compare Interest rates: Comparing interest rates is another criterion to judge which is the best title loan company. Taking a loan with a higher interest rate means you will have to pay more. So yes, before applying for a title loan take your sweet time in analyzing the interest rates of different companies. So that you can take loans with lesser interest rates.
In this article, we discussed the top 5 online car title companies. Among these, you can choose the best title loan provider according to your needs. These five companies are divided into two categories. One the companies that are direct loan providers (loan mart and loan center). And the other is the companies that connect the borrowers with their suitable lenders (FastTitleLoans, USTitleLoans, and Max Cash Title Loans).
These two categories will make your choice easier for selecting a suitable title loan for yourself. The common thing in all these companies is they function online. For applying for Title Loans in these companies you don’t need the comfort of your house. All you need is a laptop to fill out an online application, giving all the information to them. All the heavy is for the companies to do.
Moreover, you don’t have to wait at all for the required cash to be transferred. Most of them are guaranteed to provide money within 24 hours or even less than that. All you have to do is analyze and select the best one for you. Because financial-related work is not done in a hurry.