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What is an auto title loan?
An auto title loan is a short term loan secured against your automobile. Turbotitleloan.com offers you a convenient and secure way to borrow funds against the equity in your vehicle. Your car is the collateral for the loan.
Speed, accuracy, and efficiency will form the business partnership you have always been looking for with a company, Turbotitleloan.com.
Your vehicle needs to have a wholesale value of $2500.00 to be eligible for this loan.
All loan applicants must be at least 18 years of age.
What is required to apply for an auto title loan?
- Auto title ( free and clear of any liens)
- Personal Data
- Drivers License
- Social Security Card
- Vehicle Registration
- Proof of Insurance
- Most Recent Paycheck Stub
- Current Home Phone Bill & Utility Bill
- References (4)
- Spare set of Car Keys
LOAN APPROVAL: Your application will either be approved or declined based on Turbotitleloan.com's evaluation of your submitted information. Additional information may need to be faxed to our office.
How much can I borrow?
The loan minimum is $1,000.00. The amount you may borrow is determined by the wholesale value of your vehicle.
How much does it cost?
The loans provided by Turbotitleloan.com are installment loans. This means that a portion of your payment goes towards the interest and a portion goes to the principal. A customer can choose the term of the loan, either six (6) or twelve (12) months. Turbotitleloan.com charges 15% interest per month for auto title loans.
THERE IS NO PREPAYMENT PENALTY.
For example, on a $1000 Auto Title Loan for a six (6) month term, the monthly payments and finance charges are reflected in the chart below:
For example, on a $1000 Auto Title Loan for a twelve (12) month term, the monthly payments and finance charges are reflected in the chart below:
REMEMBER: THERE IS A BEGINNING AND AN END!!!
How does getting an auto title loan work?
Step #1 - Complete our online application and submit the application from our web site. You will receive an email response with the results.
Step #2 - After signing the loan contract, the proceeds of your loan will be electronically deposited into your checking account that business day (assuming the transaction was completed by 3:00 pm CST).
Step #3 - On your due date, turbotitleloan.com will phone and e-mail you regarding your payment. You will have the option to choose the payment method that works best for you.
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