What’s The Smallest Title Loan You Can Get?
Using your car title as collateral for title pawns is an option in tough financial times. When you just need a little extra cash to tide you over, you might wonder, “What's the smallest title loan you can get?”
With Alabama Title Loans, Inc., you can get title pawns as small as $300 to tide you over in an emergency.
If you need just a little bit of money to cover your expenses, then a title pawn is a suitable option for you, and you’re not obligated to borrow a large amount in order to get one. In this article, you will learn the answer to the question: “what's the smallest title loan you can get?”
What Amounts Are Offered For Title Pawns?
If you’re wondering, “what's the smallest title loan you can get?” then the simple answer is around $300, depending on who your direct lender is.
If you are the outright owner of your vehicle, then you can use the paid-off, lien-free title as a form of collateral to secure a pawn. Doing so allows you to access a lump sum of money for emergency needs such as the following:
- Rent payments
- Medical bills
- Car repairs
- Home repairs
- Business travel
In these situations, you might find yourself a few hundred dollars short to cover your expenses, prompting the question: “what's the smallest title loan you can get?” Thankfully, Alabama Title Loans, Inc. offers convenient pawns from $300 to $15,000 if you need emergency money.
You get to keep ahold of your vehicle as you’re repaying the loan, and bad credit might not impede getting the important cash you need in a tough situation.
The exact amount you can get will be based on the value of your car, as well as some other factors that impact your eligibility, but if you’re after a title pawn, you should only apply for the amount you need.
What Do You Need To Do To Get A Loan On Car Title?
If you think leveraging your car title’s value is the right option to get you the emergency cash flow you need, then all you need to do to get started is fill out the convenient online form and wait for a representative to contact you.
During the call, the representative might be able to tell you exactly how much the loan office can offer you so that you’re not left wondering, “what's the smallest title loan you can get?”
They’ll go through the title pawn process, how it works, and what your obligations will be in repaying the loan. Make sure you plan ahead for covering your monthly payments on the pawn.
You’ll also be able to schedule a meetup with the loan office representative to inspect your vehicle. Make sure you have the following items of note to take to the meeting:
- Driver’s license or state-issued ID
- Lien-free car title
- Your car itself for inspection
The representative is going to check your necessary items, as well as verify the VIN on your car. If everything checks out, they’ll determine whether you can qualify for the title pawn. If you’re approved, then you’ll get the amount you are qualified to receive on that same day. If not, you’ll get it on the next business day.
Title Pawn FAQs
What If I Don’t Own My Car Outright?
If you need a little bit of money but don’t own your car outright, then you won’t be able to get a title pawn. Thankfully, Alabama Title Loans, Inc. also offers payday loans from $100 to $500 that you can use to cover your emergency expenses.
You’ll need to complete the process in-store, but if you only need a little cash on a short-term loan, then it might be a preferable option over title pawns.
Will I Keep Driving My Vehicle While Repaying The Loan?
Yes, when you get a title pawn, you do still keep your car as you repay the pawn, but it’s important that you stick to the repayment schedule.
Where Can I Get A Title Pawn In Alabama?
Alabama Title Loans, Inc. has convenient locations all around the state for you to choose from, and to make it even easier, you can use the store locator tool on our website to locate one near you.
What Does The Term Lien-Free Mean?
Lien-free is a term that loan offices use to indicate your car title has no outstanding loans or judgments against it. In order to take out a loan, Alabama Title Loans, Inc. needs to put a lien on your car title, which we can’t do if yours already has one on it.
Fill Out Our Online Form To Get A Title Pawn Today!
There’s no need to be left wondering, “What's the smallest title loan you can get?” Alabama Title Loans, Inc. has the resources you need to get emergency cash—whether it’s a few hundred dollars or a few thousand. If you’re struggling to keep your head above water with a financial emergency, consider getting a title pawn today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.