LoanMart Payday Loans

LoanMart is the leading provider of non-traditional lending services. It is a company with a wide portfolio of financial products, such as direct financing on auto title loans.

LoanMart specializes in providing auto title loans. If you own a car, you can take advantage of their services and get funds as soon as the next business day.

What are the benefits of an auto title loan from LoanMart?

• Quick and easy. Applying for a loan is easy and takes about 5 minutes. You can apply online, over the phone or in person at a LoanMart store.
• Apply with bad credit. Unlike most mainstream banks and lenders, LoanMart doesn’t require you to have a perfect credit history. You can apply even if you have a low credit score as long as you show an ability to repay.
• Large maximum amount. You might be able to borrow as much as 120% of your car’s equity through a LoanMart auto title loan. The amount you’re approved for depends on your vehicle, your financial situation and your state of residence.
• No early repayment penalties. LoanMart doesn’t charge any penalties for early repayment. By paying the loan off ahead of time, you can save money by reducing the amount of interest you accumulate.
• Multiple ways to receive funds. You can receive your loan as cash, check or through a wire transfer.
• Available in multiple states. LoanMart conducts business in Alabama, Arizona, Illinois, Missouri, New Mexico, South Carolina, and Utah.

What are the costs of a LoanMart auto title loan?

How much you end up paying depends on the amount you borrow and your state of residence.

LoanMart presents you with a loan agreement document that outlines the total costs of your loan as well how long you have to repay. Like all auto title loans, you will have to sign the loan agreement in order to receive your funds, and you should be prepared to repay the principal and interest of your loan, which usually has an APR from 60%–180%.

Once you have signed the agreement, the fees and interest come into effect–even before you get your funds–so be sure to review all associated costs before agreeing. Late or missed payments could result in more fees, a lower credit score and possible repossession of your vehicle. Always be sure you are able to repay a loan before you borrow.