When it comes to loans then most of the people know only about the loans they can get from banks or financial institutions. But, to your surprise there is another way to get cash and that too in a faster, quicker and more streamlined way than regular loans. Yes, Car Title Loans allow you to get the needed cash in only a business day’s time.
This means you can get the in 24 hours time from the time you apply for the loan. Generally, borrowers apply for these online and when their given details match the set of rules and terms and conditions of the lender, then they can get the approval instantly. The key term and condition is that the value of your car must be at least $10, 000.
These are short term loans in which a borrower uses his car’s or vehicle’s title to secure the loan. And the best part is that lender doesn’t ask you to surrender your car when handing over the needed cash to you. So, you can drive your home in your car and keep driving it forever by paying all the installments on time.
How much Cash for Car Title one can get?
The amount you can get as loan, using your car’s title as collateral depends on the value of car. Generally, one can get any amount from $600 to $10,000.