Is it possible and how fast can I get car title loans completely online in California?
Fortunately for you, the answer is yes. It is possible to get a pink slip loan or vehicle collateral loan completely online. There are several conditions, however. You must provide the lender the followings things for this to happen.
- First, your vehicle must qualify – this means that you must have equity in your car, pickup truck, or SUV to get a loan of at least $2,500. The state of California department of business oversight regulates the auto title loan industry.
- The equity will depend on several features. These include the brand of your car (generally a BMW is worth more than a KIA) the model (different trim levels), the mileage on your vehicle, if your vehicle has a salvage title or a clean title – and a few more things.
- Has the vehicle been in a serious wreck? Does it have a rebuilt title?
- You, in most cases, will need to have possession of the title, meaning the vehicle needs to be free from other loans – there are some exceptions to this.
- You will need to have full coverage insurance because a lender has a financial interest in you paying off the loan – if you wreck the car the insurance goes to pay off your loan and the rest goes to you (this is true of any loan, by the way).
- Unless you have a diesel truck, in most cases, you’ll need a vehicle with less than 200,00 miles. But this does depend on several factors and you may qualify for a different program.
- Personal References – people who can vouch for your character.
- Professional References – previous job experience.
- Monthly income of at least $1,200 – that you can verify in the form of pay stubs or other documentation.
- Additional income.
- No pending or current bankruptcies.
- Identification like a driver’s license.
When getting a title loan completely online, how fast can you get the money?
In most cases you can get the money within 24 to 48 hours, but really this depends on how quickly you get the required information to the lender. Lender’s want to loan you money because they make money on the interest. So, in most cases the faster you get the required documentation to the lender if your vehicle qualifies, the faster you will get funded. It is possible to get money for a title loan in the same day. But, the best way to find out is how quickly you can get money on a car title loan in California is to call us today TOLL FREE at (844) 254-7170
Our staff is well-trained, friendly, and polite and will take the time to answer your questions. Whatever questions you have there is no cost or obligation to call us TOLL FREE at (844) 254-7170 . If you live in or around Sacramento, click here.
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