How an Auto Title Loan from LoanMart Works in California
LoanMart has been in the auto title loan business since 2002. If there is one thing we know how to do efficiently, it’s auto title loans. Below is a list of what LoanMart requires in order for someone to apply for an auto title loan, and how title loans work in California:
- Own a qualifying vehicle with a free-and-clear title in your name
- Have a valid driver’s license or a state-issued photo ID
Depending on the amount of money the customer is trying to borrow and their individual situation, more information may be required. This may include proof of income and/or proof of residency.
How to Begin the Process for an Auto Title Loan
The first step to getting an auto title loan in California is to apply. LoanMart provides two free-of-charge methods for a customer to apply:
- Fill out and submit the online form located on our secure website
- Call our toll-free number, 888-578-5449, and speak with an auto title loan agent
It is both free of charge and initial obligations to apply for an auto title loan in California, so get started and find out how much money you may qualify to borrow!
Verifying Your Information
Once you decide that you want to get an auto title loan, the auto title loan agent will ask you to verify your information by sending in documents. One of the friendly and knowledgeable LoanMart auto title loan agents will guide you throughout this part of the process and answer any questions you may have about auto title loans. Your information needs to be verified in order to determine if you qualify, make sure you can afford the auto title loan, and make sure you are who you say you are so we lend the money to the right person.
Collect Your Money!
After you are fully approved and have signed your auto title loan agreement, you may finally collect your money. LoanMart may be able to loan you funds from $2,510 to $50,000 depending on the equity value of your qualifying vehicle, your ability to pay the auto title loan on time each month and several other factors.¹ ⁵ After receiving funding, you get to keep driving your vehicle as long as you make on-time payments each month and follow the terms and conditions of your auto title loan agreement. We do not charge our customers prepayment penalty fees, so you may make payments early or pay off the entire loan without being charged extra fees.