Looking for title loan requirements in Ohio? Great news! ChoiceCash Title Loans, serviced by LoanMart can be different from most other loans in Ohio. Unlike other loans like payday loans or personal loans, ChoiceCash Title Loans, serviced by LoanMart, can come with great benefits like:
- Competitive interest rates1
- More time to repay, if needed
- No pre-payment or balloon penalties
- Payments that can actually decrease over time!2
You don’t have to worry about unreasonable car title loan requirements when you work with ChoiceCash Title Loans, serviced by LoanMart.1 ChoiceCash Title Loans is proud to serve people from a wide range of financial backgrounds all over the state of Ohio, and throughout other states in the U.S. as well.
Learn about benefits you can take advantage of when you get a ChoiceCash Title Loan, serviced by LoanMart, in Ohio!
Competitive APR on Title Loans in Ohio1
When it comes to title loans requirements in Ohio, great interest rates are something everybody wants to qualify for. Interest rates are a percentage of a principal loan balance that lenders charge in exchange for their funding services. Unreasonably high-interest rates can end up costing hundreds of extra dollars or more during the total life of a loan. And when you are in the middle of a financial emergency, there isn’t always time to research multiple lenders and compare each and every interest rate they could offer you.
Thankfully ChoiceCash Title Loans, come with industry-wide competitive interest rates.1 When you start out with a reasonable interest rate, you can make sure your monthly loan payments are manageable and stress-free. Don’t worry about your loan balance spiking every month due to outrageous interest rate charges when you work with ChoiceCash Title Loans serviced by LoanMart.1
More Time to Pay Back your Loan in Ohio
Many quick approval loans such as payday loans expect their borrowers to pay back their loan in full within a few weeks, or the next time they get paid (hence the name, “payday loan”). With these kinds of loans, if the balance isn’t paid back in full within a short amount of time, unreasonably high interest rates may start kicking in. No matter what situation you are in, the last thing anybody needs is the stress of having to deal with making high loan payments you may not be financially prepared for.
With ChoiceCash Title Loans, serviced by LoanMart, you can have more time to pay back your loan if that is what you need. Although title loans are considered short-term loans in Ohio, borrowers can extend their loan terms with competitive interest rates if needed.1 Don’t worry about having to pay back your entire loan without a short amount of time! Instead, rest easy knowing you may have up to 36 months to pay back your loan, or more if that would make you more comfortable. Also, if at any time you decide you do want to pay back your loan in full, you can feel free to do so with absolutely no pre-payment penalties.
No Balloon Payments on your Ohio Title Loan1
Sometimes, lenders will charge what is called a “Balloon Payment” at the end of a loan. A balloon payment is a lump sum of money that a lender requires a borrower to pay when they finish paying off their loan. For many people, balloon payments can seem unfair and inconvenient. Balloon payments also have the potential to put borrowers at risk of going into debt since the payment can be much larger than the regular monthly installment they’ve been paying.
ChoiceCash Title Loans knows that most borrowers want to avoid balloon payments, which is reasonable. That’s why ChoiceCash Title Loans, serviced by LoanMart don’t require any balloon payments. Have the freedom to pay off your loan at any time, without pesky penalties holding you back!
Rates and Payments that may Decrease on your Ohio Title Loan1
No only to ChoiceCash Title Loans make sure borrowers don’t have to deal with unreasonable charges like pre-payment penalties or balloon payments, they also have the ability to reward borrowers with rates and payments that can actually go down each month.2 Each month as you make a successful payment towards your ChoiceCash Title Loan, your rate and payment will decrease.2 Over the entire life of the loan, your final loan payment could be reduced by up to 50% from where you started!2
Do I Need Good Credit to Get Approved for an Ohio Title Loan?
If you have less than perfect credit, you may have been denied traditional loan funding in the past. For unsecured loans like personal loans, lenders will immediately reject an applicant if they do not have a high credit score. ChoiceCash Title Loans are different!
With title loans, the borrower is using their vehicle title as collateral to secure the loan funding. This collateral puts lenders at less of a risk, which allows them to accept applicants from all kinds of financial backgrounds. Title loans are meant to be available to people poor credit, or even no credit, when they need fast emergency funding. It is even possible to receive approval on a title loan if you have bankruptcy in your past!
ChoiceCash Title Loans in Ohio
If you live in Ohio and are in need of quick and efficient emergency cash, look no further than ChoiceCash Title Loans, serviced by LoanMart! Not only can there be tons of benefits to take advantage of, ChoiceCash Title Loans also come with a streamlined approval process:1
- Call 855-914-2945 or CLICK HERE to visit ChoiceCash Title Loans online and fill out a quick inquiry form.
- Upon approval, your title loan agent will request a few documents from you. These typically are a government-issued photo ID, qualifying vehicle title, proof of residence, proof of income, photos of the vehicle, and a few references.
- After you sign your title loan contract, you can get your money via check, direct deposit, wire transfer, or MoneyGram in-person pickup.