What is a Car Title Loan?
Effectively, a title loan is a type of loan that requires an asset as collateral. The most common type of title loan is a car title loan. Title loans are a popular method of getting access to cash quickly, be that for an emergency, overdue bills, personal debts, or other requirements.
If you are seeking an automobile title loan in the Riverside area, Champion Financial Services is your No.1 choice. We offer generous loan amounts and some of the lowest interest rates around. Speak to a member of our team today and we’ll work with you to find the best possible car title loan for your needs.
How Does It Work?
Your car’s equity value determines the loan amount. The higher your vehicle’s equity value, the higher the car title loan amount you will be eligible for. Unlike a car pawn loan, you will be able to keep your car while paying off your loan.
If you are the sole owner of your car, you may be eligible for a car title loan. All that is required to apply for a car title loan are proof of ID, proof of income, proof of insurance, pink slip/vehicle registration, proof of residence.
Following a quick inspection of your car, we’ll determine the loan amount that we can offer you. Once your loan is approved, you will have access to your cash within minutes. It’s that simple.