Requirements For Auto Title Loans In Tennessee
You'll a newer vehicle that's registered and titled in your name to get approved for a title loan in Tennessee. The car has to be valued at $3,000 or more and it should have less than 150,000 miles. Some companies will also ask for proof of employment to ensure you can afford to repay the loan. Employment records or bank statements should be enough to prove you have sufficient income.
There's also a chance you'll need to bring in your car or SUV for a quick inspection. This can be done at any lending location in Nashville or Memphis and often takes less than 30 minutes. Your lender wants to ensure the vehicle is mechanically sound and has no major defects or cosmetic issues. After passing inspection you should have no trouble getting approved for a title loan in TN.
Apply online with Car Title Loan Lenders USA or call 866-515-9866 and we'll let you know exactly what's required for a same day equity loan.
Why Apply With Car Title Loan Lenders USA
It doesn't matter what you need money for, car title loans in Tennessee can help provide you with the cash you need and there's a decent chance you'll qualify with just your vehicle's title. Anyone in Nashville or Chattanooga can apply with us online and then wrap up the inspection and sign their documents with a local lender. Best of all you can have your funds sent through direct deposit within 24 hours or less.
Apply with Car Title Loan Lenders online or call 1-866-515-9866 to start your application! It only takes 15 minutes to send us your vehicle information and we'll get you a quick quote with multiple payoff options within an hour!
Instant Approval Title Loans In TN
Car Title Loan Lenders USA now offers instant approval for title loans in Tennessee and you can be approved that same day with a clean and clear vehicle title. We've been providing access to these collateral loans for years, but now it's easier than ever to get approved for $2,000 or more with limited credit requirements. You can start by applying online or call us at 866-515-9866 to see your vehicle's value and get started!
Interest Rates & Fees To Expect For Tennessee Title Loans
Regarding interest rates and fees, title loans in Tennessee can vary depending on the specific lender you choose. However, most title loans come with an annual percentage rate (APR) well over 40% and can sometimes approach 200%. If you borrowed $1,000, you would need to pay back at least $2,000 in the first year to have any chance of repaying the loan with minimal finance charges. Some lenders may also charge additional fees for processing or prepaying your loan. Because of the high APR, title loans can often be costly.
Vehicle Title Loans In TN With Poor Credit
Qualified borrowers can get vehicle title loans in Tennessee even with poor credit or no credit history! Title loan companies may perform a soft credit check when approving your application, but this won't affect your credit score and is primarily to check for serious credit issues.
While your credit history is an essential factor in any lending decision, it's not much of a concern when applying for a title loan. The most significant factor when underwriting a loan is your ability to repay the lender, and with an online title loan, they know they have the equity in your vehicle to fall back on.