Car Title Loans in Universal City

If you are in a fix due to financial constraints or an emergency, then you're probably looking for ways to get some money to sort yourself out quickly. Most people would consider applying for an emergency loan, a payday loan, or an installment loan. However, you could have another option to get the money if you presently own a car.

If you are on a steady income, you live and work in Texas, and you own a car yet you need some extra money instantly, you can consider taking an auto title loan. This kind of loan involves accessing money in exchange for your car's title, which serves as collateral. On repaying the loan, you get back your vehicle title.

How to Apply Online for Title Loans Universal City, Texas

To get a car title loan, you only need to apply for one through our online application platform by following the following easy steps. The first step is to fill your car information. Here, you include the car's year of make, model, style, and mileage. The online application form will then lead you to another section where you can fill in personal information like your full name, cell number, email, and your address.

After this, you will receive a quote on how much cash you can get from the title loans Universal City at your nearest convenience. Equally, you can also apply through our website and get title loan in San Antonio and its environs. As long as you're within these locations, you are legible to get our loans.

Frequently Asked Questions About a Vehicle Title Loan

Since most individuals are not accustomed to this kind of loans, they tend to be very inquisitive about them. Here are some of the questions about title loans.

  • What is a vehicle title loan?
  • Do I need to be credit-worthy to get a loan?
  • Can I repay off my loan fast without a penalty?
  • How much can I borrow?
  • How long can I take to get a car title loan?

Texas Title Loans' Regulations

Different legislation in the city of Texas regulate various areas of this business. Presently, these regulations place no cap on vehicle title loan amounts, though the interest rate is capped at 10 percent. Moreover, there is no fee limit hence these loans are highly beneficial in Texas.

Also, disclosure for fee and interest rates regulation that came into effect in 2012 has given borrowers more protection. As such, lenders in Texas are required by law to notify their customers about the fees and interest rates on their loans.

Now that you are aware of the regulations and how to apply for these loans online, here are some of the benefits of a title loan to the borrower.

  • No credit background check: Unlike most loans that need a credit check to confirm the creditworthiness of the borrower, this does not require that; you should only have a legit vehicle title.
  • Quick access to cash: Once you are done with the application of this loan, your cash is in your bank account in just a few minutes.
  • You can still use your car: Taking this loan does not mean you can't use your car while you repay the cash you just borrowed. The lender only takes your vehicle title as collateral.
  • Cheaper than cash advance: some of the loans like payday and other emergency loans can be too costly in terms of interest rates and duration of repayment. In contrast, vehicle title loans tend to be cheaper due to the low-interest rates and convenience of repayments.

Now that you know the process, the laws guiding the car title loans in Universal City, and their benefits, you can visit us at our business locations in Texas to learn more about title loans. We can also take you through the online application process.