Car title loans in California
Car title loans in California are a type of short-term loan that allow borrowers to use their car as collateral. The loan amount is based on the value of the vehicle, and typically ranges from $2,500 to $50,000.
How Do Car Title Loans in California Work?
A majority of loans take into account credit score, financial statements, and other considerations. The lender looks at these factors to determine eligibility and how much money to lend. Certain types of loans allows the borrower to use equity in their property such as their house as collateral to secure their loan. By using their property to secure the loan, the borrower can benefit by becoming eligible for loan terms they couldn’t get with an unsecured loan. Title loans utilized the equity in your car, motorcycle, or RV as collateral.
Title loans are cash loans which use the value in your vehicle to secure a loan. California title loans are limited to a minimum loan amount of $2,510. Many loans are meant to be used to make a specific purchase, such as buying a house or for operating expenses for a business. The money from a car title loan can be spent by the borrower for any purpose. If you own a car you qualify for an auto title loan in California. Give us a call or visit one of the locations near you to begin your application now.
To qualify for a car title loan in California, you will need:
- Proof of residency in California
- A valid driver’s license or state ID card
- The title to your car (or proof of ownership)
- Your car’s registration and insurance information.
- (Additional information could be required by your lender)
If you meet these requirements, then you can apply for a car title loan online or in person at any of our locations throughout the state. You will need to provide some basic information about yourself and your vehicle, and once approved you can receive your funds within 24 hours.
Competitive Interest Rates for Car Title Loans
Why choose Pearly Loans? Here are some reasons:
We have locations throughout California, We offer competitive interest rates, No prepayment penalties and You can keep driving your car while you pay off your loan.
Do I need a car to apply? No – you can still apply if you don’t have a car. You just won’t be able to take out a loan against the value of your vehicle. If car title loans in California are not right for your needs, we also offer personal loans and payday loans. Contact us today to learn more or apply online now!
California Title Loans
Title loans are a cheap way to get some cash, but they’re also very risky. If you don’t pay off your title loan on time, you could lose your car—and that’s something that no one wants. Make sure you know what you’re getting into before signing up for this type of loan.
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