How To Apply For An Online Title Loan in Florida

It only takes about 5 minutes to submit a car title loan application. Be sure to include relevant details about your vehicle and employment history.

What Are The Requirements For A Title Loan

After submitting your application you will receive a phone call to verify certain details. You may also need to do a vehicle inspection to ensure approval.

Most consumers in Florida can be approved for a title loan in 24 hours. Once approved you can have up to $20,000 in 24 hours after finalizing the terms with your lender.

Get Fast Cash In Florida

Use A Vehicle Title To Get A Title Loan!

What Is A Title Loan And How To Qualify

With an online title loan, you can borrow cash by using the equity from your vehicle. It’s not difficult to find a lender, but you also need to know what to look for in terms of a quality company. You can always go the online route and find a legitimate company that offers online title loans. But many prospective borrowers feel more comfortable meeting with a lender in person at a local office. In an ideal situation, an applicant will have researched their financial options and decided that an auto title loan is the best option for them. Beyond that, they need to feel comfortable with their lender and loan terms. Unfortunately, this isn’t always the case with people who apply for car title loans in Florida.

 

What Documents Do I Need When I Apply For A Title Loan Online

Unlike the majority of personal loans and bank loans, there are minimal paperwork requirements for a title loan and most people can pre-qualify in less than an hour. The major documents are a vehicle title that’s in your name and lien free as well as any proof of current employment or bank records that show you make enough money each month to handle the monthly payments. You will also need a current copy of your drivers license or Florida ID and insurance that shows you have enough coverage on your vehicle in case it’s in an accident or stolen.

 

Can I Get An Online Title Loan In Florida With Bad Credit

Bad credit is probably not going to be an issue when you apply for a secured loan. Most title loan companies will be more concerned with your car’s value and the amount of collateral it provides. It’s imperative to protect yourself from unscrupulous lenders and research any company you’re looking to work with. Work with a direct lender that discloses the principal amount borrowed and what the interest rate will be. Find out what the exact payment terms are for your specific loan agreement and title loan amount. Are you paying the loan off in full in 12 months or 30 days? Does your title loan company have a prepayment penalty if you decide to pay off the loan amount in full? Do they allow you to drive your car for the life of the loan, assuming you stay current on monthly payments? All those details matter, and it’s important to know every specific detail when you take out a car title loan.

 

Can I Keep Driving My Vehicle After Taking Out A Title Loan

 Yes, any legitimate title loan company should allow you to keep driving your vehicle after you take out a title loan. Instead of using the actual vehicle as collateral for your loan, a secured lender will instead hold onto your car title while the monthly payments are made. You will sign over the title to your lender and that’s the collateral that guarantees the money you borrowed. Be sure to stay current on your payments because a licensed lender can repossess your car if you fall behind and miss payments. Since you signed over the car title to them they have a right to your car and that’s why you should reach out if there’s ever a concern of missing or falling behind on payments.

 

Title Loan Loan Rules & Rates In Florida

 The APR and lending terms for a car title loan in Florida will vary and are often based on your vehicle’s value and your lending profile. Payoff terms will typically run from 12-24 months and there’s no penalty to pay off your loan early. Our goal here is to provide visitors with as much info as possible about title loan companies and the funding process from start to finish. Our site caters to Floridians who are interested in learning more about their lending options. We also touch on payday advances, bad credit bank loans, and other forms of fast cash short term borrowing. We have articles and resources that will help you to navigate the auto title loan processing status from start to finish.

Please reach out to us if you have any questions or need help with the process of applying for title loans. Florida’s statutes and financing regulations are bound to change throughout 2022, so check back for new updates.