Q: How does an auto title loan work?

A: An auto title loan is a secured loan that uses your vehicle title as collateral. LoanMart temporarily signs on as a lienholder; once you complete a series of monthly payments, the title is returned to you. Approved applicants may be eligible for funding in as little as one business day with LoanMart.3

Q: Can I apply even if my credit is poor?

A: Yes! Unlike traditional bank lenders, LoanMart considers a variety of unique factors to determine qualification. LoanMart finances customers of all credit types through auto title loans. We encourage you to apply, regardless of your credit history.1

Q: What do I need to qualify for an auto title loan?

A: A LoanMart agent will request that you provide several documents to complete the registration process, including:

  • A valid driver’s license or state-issued I.D.
  • Proof of residents (such as a utility bill)
  • Proof of income (such as a bank statement or pay stubs)
  • Qualifying vehicle title registered to your name

Q: How much money can I receive from an auto title loan?

A: Approved customers can qualify for amounts between $1,500 and $50,000 in auto title loans from LoanMart.1 5 We consider factors including the market equity of your car and your ability to make monthly payments when determining the amount you qualify to receive.¹ ⁵

Q: How long will I have to repay my auto title loan?

A: Typically customers have between 12 and 36 months of affordable monthly payments to LoanMart.

Q: Can I make payments early?

A: Absolutely. LoanMart does not charge penalties for pre-payments, nor for paying amounts higher than your required monthly payment.

Q: What happens to my car when I take out an auto title loan?

A: As long as you continue to make regular monthly payments on your loan, you can drive your car throughout its duration. Once payments are complete, LoanMart will return your vehicle title to you.


Q: Cool! How do I start the process?

A: You can submit a personalized information request online or over the phone by dialing 385-831-7344. Simply click on the “Apply” button above to get started.

Q: What is the cost of my credit going to be?

A: Our interest rates vary based on the state of residency, and the terms agreed to. Our annual interest rates vary between 60% and 180%. For a typical loan of $2500 at 90% interest, the average term is 18 months, with a payment of $257.57. The total scheduled interest on this loan would be $2136.26. The interest on a loan may vary based on timing of payments made. Click here for Utah Fee Schedule.

Q: I have an additional question not covered by this list…

A: Connect with one of LoanMart’s agents via live chat or on our toll-free number, 385-831-7344. We will gladly assist you with any remaining concerns.

All loans will be serviced by LoanMart. See State Disclosures for additional information.

1Loan approval is subject to meeting the lenders credit criteria, which may include providing acceptable property as collateral. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by consumer. Loan proceeds are intended primarily for personal, family and household purposes. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.

2Based on consumers who received a loan from LoanMart from February 2002 to October 2018.

3Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 2PM PST on a business day.

4To exercise the right to rescind, the consumer(s) must notify the lender in writing by midnight on the third calendar day from obtaining the loan. Within one business day from notice of rescission, the consumer(s) must return any monies received and fees paid on behalf of the consumer(s) by certified funds.

5Lenders recommend and encourage consumers to pay early and often and more in order to avoid additional finance charges.

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