Title Loans in Ontario, CA

It is now possible to take out a loan based on your asset by inquiring about title loans in Ontario. Banks use other factors like your credit score, job and how much you make, but with title loan lenders, all that matters is how much your car is worth. A benefit of taking out this loan will be your ability to still drive the car while you are borrowing the money! All it takes is for you to be 18 years old or older to get started on this process.

Vehicle Title Loan Application

Things like your vehicle year, style, model, make and mileage will determine your vehicle value. Just like guidelines in place for Kelley Blue Book or NADA we evaluate your car comparing it to the most recent market price. Vehicle loans can be up to $50,000 depending on the value. Credit checks may be needed on higher loan amounts, but will not defer you from getting a loan with our licensed lenders. In addition to the information above, you will need to give us a contact number so we can talk to you more about title loans in Los Angeles. Our representatives are very knowledgeable when it comes to title loans in California and will be able to talk you through any confusing parts you may encounter. They will also tell you about documents you need to finish this process, some of which may include:

  • Photo ID (Passport, Driver’s License, State ID)
  • Proof of income (Bank statements, paystubs, etc.)
  • Proof of insurance (Loan amounts that exceed $2,500)
  • Clear auto title

Satzfyd Title Services located in Upland, CA will assist you in getting your title:

  • Address: #312, 123 E 9th St, Upland, CA 91786
  • Phone: (909) 749-2852
  • Hours:
    Monday to Friday: 5 PM to 8 PM
    Saturday and Sunday: 9 AM to 3 PM

The car in the title must also be taken to the title loan location. This is not to take the vehicle from you, but just to inspect and evaluate your car. The title loan lender must record the condition of the vehicle, to avoid any foul play by either party. Any damages, scratches, marks, dents, etc., will be noted by the lender. This can affect the loan you get, and may lessen. A lien will also be placed on your vehicle title, but it will be taken away as soon as you pay off the loan you get.

Additional Fees and Rates for Car Title Loans

The contract you received will have the loan agreement which include the payment dates, payment amounts, and interest rates. The lender must make you aware of this information before you sign the contract. Failure to inform you of the disclosures can result in a voided contract, and you can seek legal action.

In any case, there will be a maximum processing fee of $75 for loans that are $4,999 or less once you are given the loan. There may also be a $15 Department of Motor Vehicles fee on top of the processing charge. Any loan that exceeds $5,000 does not have any of these fees but may have a prepaid interest fee. Title loans are short term, meaning that the lending period is only 30 days, but it can be rolled over or renewed by your title loan lender. Prepayment is allowed, and you will not be charged if you pay off the loan earlier. Loan amounts cannot exceed 50% of your vehicle value, and may not be granted if you are asking for more. Depending on your title loan lender, there may be a minimum loan amount required.

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