Learn more details about auto title loans, the application process and more…
What is an online car title loan?
An online car title loan allows you to start the loan application online to make the process fast and easy, allowing you to get your money faster.
What about in California?
Car title loans in California are secured by the equity of your vehicle. The process is simple, fast and easy. You get your money while you keep and drive your car. Monthly payments are manageable since we look at your ability to pay during the approval process. You can pay off your car title loan anytime, without incurring any prepayment penalties. It is a simple interest loan. You only get charged interest on the principal balance of your vehicle. Title loan is the fastest way to get the money that you need, when you need it , and with terms that are affordable to you.
What is the car title loan process?
The SBR car title loan process is very simple and easy. First, we check if your vehicle qualifies and estimate how much you can borrow based on the value of your vehicle. If you qualify for a car title loan, we can do the application over the phone, you can fill it out online, or you can send the application back to us via email, fax, or mail. Whatever is most convenient for you. We can get you approved in minutes and just ask you to submit some simple documents via email, fax, or mail. Again, whatever is the most convenient method for you. Once we get all the documents, we can schedule you for appointment and fund you right away. You have to bring your original title and your vehicle for inspection on your appointment for funding. We work on your time and if need be, we can schedule by appointment outside of our regular office hours and on weekends.
What are car title loan requirements?
Car title loan requirements are simply these: your vehicle must first qualify, and you must be able to demonstrate income and the ability to pay your monthly payments.
Do you have to have a job to get a car title loan?
You must be able to provide proof of income to get a car title loan. Paystubs, bank statements for self-employed, award letter for social security income and award letter for annuity income are accepted as proof of income.
Does my car need to be paid off to get a car title loan?
No at all. We can pay off the existing balance on your car provided that it is less than the loan amount that you get approved for an auto title loan.
Do I pay a penalty if I want to pay my loan early?
There is no prepayment penalty so you can pay off your title loan early.
When is my first payment due?
Your first payment is due 30 days after you receive your car title loan.
How often do I repay my car title loan?
You make monthly payments on your car title loan.
How long do I have to repay my auto title loan?
Most loan terms of an auto title loan are between 24 to 44 months.
Do I have to go to DMV?
No, we can take care of the DMV paperwork for you most of the time (some exceptions may apply).
When I apply for a car title loan, will you run a credit check on me?
Yes, your credit will be run when you apply for a car title loan with us but we only do this to check for bankruptcies, your ability to pay, and to see how much you can qualify for and WE DO NOT BASE OUR DECISION ON YOUR CREDIT SCORE.
If I do not pay, will my car be repossessed?
Title loan uses your vehicle as a collateral. SBR Title Loans believes in working with our customers, that is why we want to help our customers all throughout their loan cycle. Repossession is a final measure and is not a desirable outcome for either party.
What is a car title loan?
Car title loan, also known as auto title loan or pink slip loan, is a personal loan that is secured by the equity of your car. You give your pink slip (vehicle title) in exchange of your loan and the lender gets added as lienholder to your title while you get to keep and drive your car. Once your auto loan is fully paid, your pink slip is returned to you.
How do I apply for an auto title loan?
You may apply for an auto title loan online by filling our application form or you may call us at 844-307-3SBR (844-307-3727). If you apply online, our loan officer will call you and help you get the loan right away.
How much can you get on a car title loan?
Anywhere from $2,510 and up to $50,000 depending on the value of your vehicle and how much payment you can afford.
How do auto title loans work?
Auto title loans are personal loans that are secured by the equity of your vehicle. Auto title loans are used for personal and emergency needs. It is fast and easy to get auto title loans. Your vehicle must be fully paid or you have small payments left on your vehicle to get auto title loans. Auto title loans terms are normally from 24 to 44 months so you can afford and manage your monthly payments.
Can you have more than one title loan?
You can have more than one title loan if you have more than one vehicle. Only one lender can be added as a lienholder to a vehicle. If you have an existing title loan from another lender, we can help you pay it off and refinance your vehicle for a lower rate and/or to get more money.
What documents do I need to provide to get a car title loan?
You have to provide vehicle’s original title (lien release is acceptable), proof of residence, driver license, five references, proof of insurance, proof of income and any additional requirements that you may need upon review of your car title loan.
Does my car need to be paid off to get a car title loan?
No. We can pay off the existing balance on your car provided that it is less than the loan amount that you get approved for.
Do I get to drive my car?
Yes, you get to keep and drive your car when you get an auto title loan. We are just added as lienholder to your vehicle title.
Do I need to have a pink slip with me to get an auto title loan?
If your pink slip is lost, we can still give you a car title loan provided that you own the vehicle.
Loan approval is subject to several factors. Borrower must meet all specific underwriting criteria and provide an acceptable vehicle as collateral. Other restrictions may apply. Loan amount requirements vary by state. SBR Title Loans may act as the broker for the loan, and may not be the direct lender.
Loans made or arranged pursuant to a California Financing Law License.