How to Apply
Requirements
LoanCenter selects borrowers based on several main criteria: geographical location, credit history, and solvency. To get a title loan, you must pass the following parameters:
Your age must not be less than 18 years old.
You should be a citizen or permanent resident of the United States.
Your place of residence must be one of the following states: Arizona, California, Georgia, Idaho, Missouri, New Mexico, South Carolina, or Utah.
You must have a confirmed source of income.
Application details
First, select the product you need on the LoanCenter website. The simplest options for registration are refinancing and title loans. Applying for these types of loans will take you no more than two minutes. To do this, you need to provide the following information:
Make, model, and year of manufacture, equipment, and mileage of your car;
The amount of the loan you want to receive;
Your name, email address, phone number, and postal code;
The company will also ask you exactly how you found out about LoanCenter.
To apply for a title loan, the borrower must have:
Driver's license;
State-issued identity card;
A vehicle in your name (cars, motorcycles, and SUVs);
Ownership of the car without collateral;
Inspection of the car by a representative of the company;
Proof of income (it can be payment receipts, pension checks, disability checks, or unemployment benefits).
Users can receive a response about their approval within a few hours. If you have received approval, a LoanCenter representative will contact you and familiarize you with the terms and rates of your loan.
The reasons for the refusal are usually the following problems. You can borrow most of LoanCenter's products only if you live in one of the eight states: Arizona, California, Georgia, Idaho, Missouri, New Mexico, South Carolina, and Utah.
If the borrower does not live in any of the eight states serviced by the company, LoanCenter will not be able to issue a loan to you. Bad credit history is also a common reason for rejection.
If the borrower meets the requirements, LoanCenter will offer the maximum amount of money possible for him, the expected APR, and the estimated repayment period of the loan. Users also need to fill in the following additional fields:
- Period of time the borrower lives at this address
- The duration of his term of work
- Monthly gross income
- The desired amount of the loan for ownership
- Estimated amount of the initial payment
- A monthly payment suitable for the borrower.
LoanCenter transfers money to the borrower as soon as he receives approval. To do this, you need to pass a preliminary qualification. If refinancing is your choice, then they will repay your loan immediately with another bank after you receive approval.
