Title Loan Department
408-915-2012

Frequently Asked Questions About Title Loans

What is a title loan?

A title loan is a fast way to borrow money using the equity in your vehicle as collateral.

Do I get to drive my vehicle?

Yes, you can drive off with cash.

How do I apply?

Click here to fill out our online application or Click here to contact us.

What if the vehicle is not paid off?

If you have a few payments left you may still qualify.

Do I need good credit to get a title loan?

We only consider the value of your vehicle and the ability to pay the loan.

How much money can I borrow?

The loan amount is based upon the value and condition of your vehicle. Minimum $2,600.00. How fast can I get cash? When approved, within the same day.

What if I misplaced my title?

We can still approve you for a loan but you must be the registered owner of the vehicle and it must be paid off.

When is my first payment?

The same day the following month.

Is there a penalty if I pay the loan off early?

You can payoff your loan, anytime, without a prepayment penalty.

How much can I borrow?

You can borrow $2,600 and up.

How often do I repay the loan? / What is my payment schedule?

You make monthly installments.

How long do I have to repay the loan?

Most loan terms are up to 24 months, but, we can adjust the term length based on your needs.

Can I pay off my loan early?

YES, and you will not be charged a penalty for repaying the loan early.

Do I keep driving my car during my auto loan?

YES, and once your loan is paid off, then we return the title to you.

How fast will I get my money?

In most cases, in less than 1 hour. It all depends on how quickly you provide us with the necessary documents.

What if my credit score is low?

We don’t check your credit score. You can qualify even if you had credit problems or declared bankruptcy in the past.

How fast can I get an auto title loan?

If you qualify, we can usually approve your personal loan within one hour from the time you submit the Loan Application to us (during normal business hours). When you receive loan approval you will be asked to provide a few items such as a car title, proof of insurance, and ID so that we can verify your residence, income and employment. The total time it will take to complete the auto title loan process from application to funding depends on how long it takes you to get everything to us. If you send us the items we need to process the loan immediately after you receive loan approval, the entire loan process can be completed in just a few hours.

I am concerned about the personal information I give you; will this information be kept safe?

Yes it will! We are concerned about your personal information as well, and we are deeply committed to protecting it. We go to great lengths to secure your personal information by securing your connection to our online application and protecting our database from from unauthorized users.

What factors determine how much I may borrow?

We take various factors into consideration such as the year, make, model, mileage, and condition of the vehicle. We will also consider your debt to income ratio as well as your ability to repay the auto title loan and make the monthly payments. You should apply with us even if you have bad credit or no job.

What if the vehicle is not registered in my name?

If you have the title to the vehicle and it was properly signed by the previous owner, you are still eligible for a loan.

QUICK APPLY FOR A LOAN












Loans Made Pursuant to Department of Business Oversight California Finance Lenders Law License # 603G313.
© Copyright 2012 Bayareatitleloans.com.