Max Cash Title Loans is here to help the great residents of Franklin, Tennessee find an excellent deal on auto title loans.2 4 5 Our expert loan agents are available to you before, during, or after you being your auto title loan process. To discover how to call us at (855) 561-5626 or apply for an online title loan today! For more information, keep reading below!
What Are the Qualifications for an Auto Title Loan in Franklin, Tennessee?
Auto title loans are secured loans with a lien on your vehicle’s title. Essentially, you still get to operate and drive your vehicle as usual, except you get some extra cash in your pocket! To obtain an auto title loan, you and your vehicle will need to meet some requirements.
Think of this as your checklist:
- Be at least 18 years of age
- Be a resident of Tennessee
- A few personal and/or professional references
- Have a valid source of income
- Government-issued photo ID
- Own a vehicle that is totally (or nearly) paid off
- Vehicle insurance
- Pictures of your vehicle (include VIN, odometer, and 4 sides)
Do I Need Good Credit History for an Auto Title Loan?
If you are concerned with your credit history, you are still encouraged to apply for an auto title loan. Some lenders will conduct a credit check, but you can have little credit, bad credit, or none at all to apply!
Most lenders are looking to see if you are in bankruptcy currently or if you are inactive credit counseling before bankruptcy.
What Type of Interest Rates are There for an Auto Title Loan in Franklin, Tennessee?
Interest rates for an auto title loan tend to vary. Typically auto title loans are high-interest loans meant for short term needs. However, the lenders we work with have highly competitive interest rates.4
It is always important to pay attention to interest rates when looking at any loan. To get an idea of what monthly payments may look like with varying rates, take a look at our loan calculator.
How Long is the Process to Get an Auto Title Loan?
Max Cash Title Loans wants to help you get the cash you need as fast as possible.2 5
For some, they can complete the process during their lunch break, but we aim to get you processed and approved within 24 hours.1 2 5 The pre-approval itself should take no more than a few minutes. Completing the paperwork should take about 15 minutes.
When Do I Get My Vehicle’s Title Back for an Auto Title Loan in Franklin, Tennessee?
Your lender will hold onto the vehicle’s title as you pay your loan back, the lien is released once you have completed paying back your auto title loan.
You will then be given a release by your lender that you may attach to your title to show you are back in possession of the title.
You also may send the release to your Secretary of State and be sent a fresh title that no longer has the lender listed on it.
What Information Do Lenders Need About My Vehicle for an Auto Title Loan?
Lenders will need to know the standard information and enhanced information about your vehicle.
- Standard information is your vehicle’s mileage, make, year, and model.
- Enhanced information is your vehicle’s engine size, color, edition, condition, and any options you may have had installed, such as a sunroof or specialized interior.
Will I Have an Early Payment Penalty if I Decide to Pay My Auto Title Loan Back Early?
Auto title loans are a great option for those who are looking for a short-term loan. Typically, you will be expected to pay your loan back within 3 years.3 4 Perhaps your financial situation changes for the positive and you can pay your auto title loan back sooner. Should you choose, you may pay your auto title loan back early without being concerned by any fees or penalties, when working with the lenders at Max Cash Title Loans.3
Start Your Auto Title Loan Application with Max Cash Title Loans in Franklin, Tennessee Today!
Even if you have low credit, no credit, or a past bankruptcy Max Cash Title Loans wants to work with you to get the financial assistance you need.2 5 Our friendly staff is helpful and accessible, available to you 7 days a week at (855) 561-5626 or you may contact us here. We want to assist the residents of Franklin, Tennessee in getting the funds you need, apply for an online auto title loan right away! 2 5
Disclaimer: Max Cash Title Loans services this area but this map does not represent an actual location